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

Key Points

• Consensus: Eight analysts rate New Oriental (NYSE:EDU) at an average of "Moderate Buy" (3 hold, 4 buy, 1 strong buy) with a one-year average price target of $65.84.
• Stock & valuation: EDU was up 4.9% and opened at $58.17, with a $9.19 billion market cap, P/E of 24.65, PEG of 0.95, and a 52-week range of $41.62 to $64.97 (50‑day SMA ~$56.60, 200‑day SMA ~$55.95).
• Institutional buying: Large funds have been adding shares—most notably Invesco increased its stake by 5,697.3% (adding 4,531,370 shares, ~$253.7M)—and UBS AM, Federated Hermes, First Beijing and Tiger Pacific also established or grew positions.

New Oriental Education & Technology Group, Inc. (NYSE:EDU - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $65.84.

EDU has been the subject of several research reports. Wall Street Zen upgraded shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research note on Saturday, January 31st. Weiss Ratings restated a "hold (c+)" rating on shares of New Oriental Education & Technology Group in a research note on Monday, December 29th. New Street Research set a $68.00 price objective on New Oriental Education & Technology Group in a research note on Wednesday, January 28th. China Renaissance upgraded New Oriental Education & Technology Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 29th. Finally, HSBC upgraded New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 28th.

New Oriental Education & Technology Group Stock Up 4.9%

NYSE:EDU opened at $58.17 on Friday. The company has a fifty day simple moving average of $56.60 and a two-hundred day simple moving average of $55.95. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 0.95 and a beta of 0.32. New Oriental Education & Technology Group has a 52 week low of $41.62 and a 52 week high of $64.97.

Hedge Funds Weigh In On New Oriental Education & Technology Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. increased its position in New Oriental Education & Technology Group by 5,697.3% during the fourth quarter. Invesco Ltd. now owns 4,610,905 shares of the company's stock worth $253,738,000 after buying an additional 4,531,370 shares during the period. First Beijing Investment Ltd increased its position in New Oriental Education & Technology Group by 31.4% during the third quarter. First Beijing Investment Ltd now owns 9,346,501 shares of the company's stock worth $496,019,000 after buying an additional 2,231,169 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in New Oriental Education & Technology Group during the fourth quarter worth approximately $86,526,000. Federated Hermes Inc. increased its position in New Oriental Education & Technology Group by 13,865.2% during the fourth quarter. Federated Hermes Inc. now owns 742,249 shares of the company's stock worth $40,846,000 after buying an additional 736,934 shares during the period. Finally, Tiger Pacific Capital LP acquired a new position in New Oriental Education & Technology Group during the second quarter worth approximately $38,056,000.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group NYSE: EDU is one of China's leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company's offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental's curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources.

Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.

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