New Oriental Education & Technology Group Inc. (NYSE:EDU) Receives Average Rating of "Reduce" from Analysts

New Oriental Education & Technology Group Inc. (NYSE:EDU - Get Free Report) has been given an average recommendation of "Reduce" by the five brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $48.50.

A number of analysts have recently issued reports on the company. Wall Street Zen raised New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. cut their price objective on New Oriental Education & Technology Group from $50.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Finally, China Renaissance cut 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 Up 3.8%

Shares of NYSE:EDU traded up $1.78 during mid-day trading on Tuesday, reaching $49.14. 1,200,347 shares of the stock were exchanged, compared to its average volume of 1,770,126. The company has a market cap of $8.34 billion, a P/E ratio of 20.91 and a beta of 0.25. New Oriental Education & Technology Group has a one year low of $40.66 and a one year high of $87.26. The stock's 50 day simple moving average is $46.52 and its 200-day simple moving average is $52.47.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.06). New Oriental Education & Technology Group had a net margin of 8.13% and a return on equity of 9.48%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. The firm's revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts anticipate that New Oriental Education & Technology Group will post 2.75 EPS for the current fiscal year.

Hedge Funds Weigh In On New Oriental Education & Technology Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EDU. First Beijing Investment Ltd raised its holdings in New Oriental Education & Technology Group by 1,997.8% in the 1st quarter. First Beijing Investment Ltd now owns 5,456,378 shares of the company's stock valued at $260,869,000 after acquiring an additional 5,196,281 shares in the last quarter. Aspex Management HK Ltd raised its holdings in New Oriental Education & Technology Group by 56.8% in the 4th quarter. Aspex Management HK Ltd now owns 7,454,906 shares of the company's stock valued at $478,456,000 after acquiring an additional 2,701,566 shares in the last quarter. Discerene Group LP acquired a new position in New Oriental Education & Technology Group in the 1st quarter valued at $75,564,000. Price T Rowe Associates Inc. MD raised its holdings in New Oriental Education & Technology Group by 61.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,894,541 shares of the company's stock valued at $249,952,000 after acquiring an additional 1,480,391 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in New Oriental Education & Technology Group by 175.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,276,762 shares of the company's stock valued at $146,123,000 after acquiring an additional 1,449,979 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.