New Oriental Education & Technology Group, Inc. (NYSE:EDU) Given Consensus Rating of "Hold" by Brokerages

New Oriental Education & Technology Group, Inc. (NYSE:EDU - Get Free Report) has been given a consensus rating of "Hold" by the five brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $52.00.

Several equities research analysts have commented on EDU shares. JPMorgan Chase & Co. upgraded New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $48.00 to $62.00 in a research note on Tuesday, June 24th. Wall Street Zen upgraded New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Citigroup upgraded New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and dropped their price target for the company from $77.00 to $50.00 in a research report on Friday, June 27th. Finally, China Renaissance lowered New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Monday, March 24th.

New Oriental Education & Technology Group Stock Down 0.1%

New Oriental Education & Technology Group stock traded down $0.06 during midday trading on Wednesday, reaching $50.10. 1,788,475 shares of the stock traded hands, compared to its average volume of 1,727,397. The stock's fifty day moving average is $49.39 and its 200-day moving average is $49.76. New Oriental Education & Technology Group has a 12 month low of $40.66 and a 12 month high of $87.26. The stock has a market cap of $8.50 billion, a P/E ratio of 21.14 and a beta of 0.28.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.06). New Oriental Education & Technology Group had a net margin of 8.17% and a return on equity of 9.91%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the business posted $0.63 EPS. The firm's revenue was down 2.0% compared to the same quarter last year. On average, equities analysts predict that New Oriental Education & Technology Group will post 2.75 EPS for the current fiscal year.

Institutional Trading of New Oriental Education & Technology Group

A number of institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC acquired a new stake in shares of New Oriental Education & Technology Group in the 1st quarter valued at about $448,000. SG Americas Securities LLC raised its stake in shares of New Oriental Education & Technology Group by 330.4% in the 1st quarter. SG Americas Securities LLC now owns 18,265 shares of the company's stock valued at $873,000 after purchasing an additional 14,021 shares in the last quarter. KBC Group NV acquired a new stake in shares of New Oriental Education & Technology Group in the 1st quarter valued at about $192,000. Barclays PLC raised its stake in shares of New Oriental Education & Technology Group by 8,438.4% in the 4th quarter. Barclays PLC now owns 95,716 shares of the company's stock valued at $6,142,000 after purchasing an additional 94,595 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of New Oriental Education & Technology Group by 57.9% in the 4th quarter. Wellington Management Group LLP now owns 627,686 shares of the company's stock valued at $40,285,000 after purchasing an additional 230,140 shares in the last quarter.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.