New Oriental Education & Technology Group (NYSE:EDU) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• New Oriental Education & Technology Group shares have crossed above their 200-day moving average, with the stock currently trading at $56.64, compared to a moving average of $48.79.
• Analyst opinions on the stock are mixed, with three analysts rating it as a Buy, six as Hold, and one as Sell, leading to a consensus rating of "Hold" and an average price target of $56.87.
• In the last quarter, the company reported earnings per share of $0.61, significantly exceeding analysts' expectations of $0.24, contributing to a 9.4% year-over-year revenue growth.

New Oriental Education & Technology Group, Inc. (NYSE:EDU - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $48.79 and traded as high as $57.04. New Oriental Education & Technology Group shares last traded at $56.64, with a volume of 1,999,676 shares.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EDU. HSBC downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Weiss Ratings reissued a "hold (c)" rating on shares of New Oriental Education & Technology Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised shares of New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $48.00 to $62.00 in a research report on Tuesday, June 24th. Citigroup decreased their price target on New Oriental Education & Technology Group from $77.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, September 9th. Finally, The Goldman Sachs Group downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $58.00 to $50.00 in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, New Oriental Education & Technology Group currently has a consensus rating of "Hold" and an average price target of $56.87.

New Oriental Education & Technology Group Stock Up 2.1%

The company has a 50 day moving average of $50.86 and a 200-day moving average of $48.79. The stock has a market capitalization of $9.71 billion, a P/E ratio of 25.17, a PEG ratio of 1.78 and a beta of 0.27.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.37. New Oriental Education & Technology Group had a return on equity of 11.32% and a net margin of 7.59%.The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same period last year, the business posted $0.22 earnings per share. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. New Oriental Education & Technology Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts forecast that New Oriental Education & Technology Group, Inc. will post 2.75 EPS for the current fiscal year.

Hedge Funds Weigh In On New Oriental Education & Technology Group

Several large investors have recently added to or reduced their stakes in EDU. Aspex Management HK Ltd lifted its stake in New Oriental Education & Technology Group by 18.8% in the second quarter. Aspex Management HK Ltd now owns 6,981,188 shares of the company's stock valued at $376,635,000 after buying an additional 1,106,716 shares during the last quarter. First Beijing Investment Ltd lifted its stake in New Oriental Education & Technology Group by 1,997.8% in the first quarter. First Beijing Investment Ltd now owns 5,456,378 shares of the company's stock valued at $260,869,000 after buying an additional 5,196,281 shares during the last quarter. Alkeon Capital Management LLC lifted its stake in New Oriental Education & Technology Group by 101.3% in the second quarter. Alkeon Capital Management LLC now owns 2,193,486 shares of the company's stock valued at $118,339,000 after buying an additional 1,104,000 shares during the last quarter. Discerene Group LP bought a new stake in New Oriental Education & Technology Group in the first quarter valued at $75,564,000. Finally, Greenwoods Asset Management Hong Kong Ltd. lifted its stake in New Oriental Education & Technology Group by 13.7% in the first quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 1,396,039 shares of the company's stock valued at $66,745,000 after buying an additional 167,721 shares during the last quarter.

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.

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