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

Key Points

• New Oriental Education & Technology Group has a consensus analyst rating of “Moderate Buy”, based on coverage from eight analysts. The average 12-month price target is $66.24.
• Recent analyst actions have been mixed: Goldman Sachs upgraded the stock to buy while lowering its price target to $65, while Weiss Ratings kept a hold rating and Zacks Research downgraded it to hold.
• The stock opened at $49.30 and has ranged from a 52-week low of $41.62 to a high of $64.97. The company recently reported quarterly revenue of $1.42 billion and EPS of $0.10.

Shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU - Get Free Report) have earned an average rating of "Moderate Buy" from the eight analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $66.24.

Several equities research analysts have commented on EDU shares. Weiss Ratings reiterated a "hold (c)" rating on shares of New Oriental Education & Technology Group in a research report on Tuesday. New Street Research set a $65.00 price objective on shares of New Oriental Education & Technology Group in a research report on Thursday, June 11th. The Goldman Sachs Group raised shares of New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $67.00 to $65.00 in a research note on Thursday, June 11th. Finally, Zacks Research downgraded shares of New Oriental Education & Technology Group from a "strong-buy" rating to a "hold" rating in a report on Monday, March 30th.

Institutional Investors Weigh In On New Oriental Education & Technology Group

Large investors have recently modified their holdings of the stock. Invesco Ltd. raised its position in shares of 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 purchasing an additional 4,531,370 shares during the period. Discerene Group LP increased its stake in New Oriental Education & Technology Group by 23.7% in the 4th quarter. Discerene Group LP now owns 1,955,430 shares of the company's stock worth $107,607,000 after purchasing an additional 374,916 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in New Oriental Education & Technology Group during the 4th quarter worth about $86,526,000. Orbis Allan Gray Ltd lifted its stake in New Oriental Education & Technology Group by 40.2% during the fourth quarter. Orbis Allan Gray Ltd now owns 837,551 shares of the company's stock valued at $46,090,000 after buying an additional 240,053 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake 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 valued at $40,846,000 after buying an additional 736,934 shares in the last quarter.

New Oriental Education & Technology Group Stock Performance

Shares of NYSE EDU opened at $49.30 on Friday. New Oriental Education & Technology Group has a 1 year low of $41.62 and a 1 year high of $64.97. The firm has a market cap of $7.79 billion, a P/E ratio of 18.89, a PEG ratio of 0.69 and a beta of 0.19. The stock has a fifty day moving average price of $47.29 and a two-hundred day moving average price of $53.23.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $0.10 EPS for the quarter. New Oriental Education & Technology Group had a return on equity of 11.67% and a net margin of 7.82%.The company had revenue of $1.42 billion for the quarter. On average, research analysts predict that New Oriental Education & Technology Group will post 3.14 earnings per share for the current fiscal year.

About New Oriental Education & Technology Group

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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