New Oriental Education & Technology Group Inc. (NYSE:EDU - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $44.09, but opened at $45.10. New Oriental Education & Technology Group shares last traded at $45.65, with a volume of 150,899 shares trading hands.
Wall Street Analyst Weigh In
Several brokerages recently commented on EDU. China Renaissance cut New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Monday, March 24th. JPMorgan Chase & Co. cut New Oriental Education & Technology Group from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $85.00 to $50.00 in a research note on Wednesday, January 22nd. StockNews.com lowered shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Citigroup downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $83.00 to $50.00 in a report on Friday, January 24th. Finally, Morgan Stanley cut shares of New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $83.00 to $52.00 in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $61.20.
View Our Latest Analysis on EDU
New Oriental Education & Technology Group Stock Performance
The company has a 50 day moving average of $48.02 and a 200 day moving average of $56.29. The firm has a market cap of $7.61 billion, a P/E ratio of 19.08 and a beta of 0.37.
Institutional Investors Weigh In On New Oriental Education & Technology Group
A number of large investors have recently bought and sold shares of EDU. GeoWealth Management LLC grew its stake in shares of New Oriental Education & Technology Group by 258.5% in the fourth quarter. GeoWealth Management LLC now owns 441 shares of the company's stock worth $28,000 after acquiring an additional 318 shares during the last quarter. Westpac Banking Corp acquired a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at about $45,000. SBI Securities Co. Ltd. bought a new stake in shares of New Oriental Education & Technology Group in the fourth quarter valued at about $51,000. Natixis lifted its stake 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 period. Finally, BNP Paribas acquired a new stake in New Oriental Education & Technology Group during the fourth quarter worth about $113,000.
About New Oriental Education & Technology Group
(
Get Free Report)
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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