New Oriental Education & Technology Group, Inc. (NYSE:EDU) Receives $48.50 Average Price Target from Analysts

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

A number of research firms recently issued reports on EDU. China Renaissance lowered New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. JPMorgan Chase & Co. raised shares of 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 report on Tuesday. Finally, Wall Street Zen raised shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research report on Monday, May 5th.

New Oriental Education & Technology Group Stock Performance

EDU stock traded up $6.41 during mid-day trading on Friday, hitting $55.46. 3,994,127 shares of the company were exchanged, compared to its average volume of 1,747,770. New Oriental Education & Technology Group has a 1-year low of $40.66 and a 1-year high of $87.26. The firm's 50 day simple moving average is $47.30 and its 200 day simple moving average is $50.94. The firm has a market cap of $9.41 billion, a P/E ratio of 23.40 and a beta of 0.25.

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 for the quarter, missing analysts' consensus estimates of $0.76 by ($0.06). The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.24 billion. New Oriental Education & Technology Group had a return on equity of 9.91% and a net margin of 8.17%. New Oriental Education & Technology Group's revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. On average, equities research analysts predict that New Oriental Education & Technology Group will post 2.75 EPS for the current fiscal year.

Institutional Investors Weigh In On New Oriental Education & Technology Group

Several large investors have recently made changes to their positions in EDU. GeoWealth Management LLC raised its holdings in shares of New Oriental Education & Technology Group by 258.5% in the 4th quarter. GeoWealth Management LLC now owns 441 shares of the company's stock valued at $28,000 after purchasing an additional 318 shares during the period. Westpac Banking Corp bought a new stake in New Oriental Education & Technology Group in the fourth quarter valued at approximately $45,000. SBI Securities Co. Ltd. bought a new stake in New Oriental Education & Technology Group in the fourth quarter valued at approximately $51,000. Natixis lifted its position in shares of New Oriental Education & Technology Group by 39.2% in the fourth quarter. Natixis now owns 881 shares of the company's stock valued at $57,000 after buying an additional 248 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of New Oriental Education & Technology Group during the 1st quarter worth approximately $54,000.

About New Oriental Education & Technology Group

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.