New Oriental Education & Technology Group (NYSE:EDU) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• New Oriental Education & Technology Group's shares recently crossed above their 200-day moving average, reaching a high of $52.97 before closing at $52.72.
• Analyst ratings for the stock show a mix of opinions, with three analysts giving a "Buy" rating, six a "Hold" rating, and one a "Sell" rating, showing a consensus target price of $56.87.
• The company reported strong earnings, with $0.61 EPS for the quarter, significantly beating the consensus estimate of $0.24, and a revenue increase of 9.4% year-over-year.

New Oriental Education & Technology Group, Inc. (NYSE:EDU - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $48.39 and traded as high as $52.97. New Oriental Education & Technology Group shares last traded at $52.72, with a volume of 939,311 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup lowered their target price on shares of New Oriental Education & Technology Group from $77.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, September 9th. Bank of America raised their price target on shares of New Oriental Education & Technology Group from $56.20 to $58.20 and gave the stock a "buy" rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of New Oriental Education & Technology Group in a research note on Saturday, September 27th. Hsbc Global Res raised shares of New Oriental Education & Technology Group to a "hold" rating in a research note on Wednesday, July 30th. Finally, HSBC cut New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $56.87.

New Oriental Education & Technology Group Stock Up 0.6%

The company's 50-day moving average is $49.34 and its 200-day moving average is $48.39. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 1.69 and a beta of 0.27.

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

Institutional Investors Weigh In On New Oriental Education & Technology Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new position in shares of New Oriental Education & Technology Group during the 2nd quarter worth $1,061,000. Vident Advisory LLC lifted its position in New Oriental Education & Technology Group by 17.3% in the second quarter. Vident Advisory LLC now owns 5,426 shares of the company's stock valued at $293,000 after buying an additional 800 shares during the last quarter. Tiger Pacific Capital LP purchased a new position in New Oriental Education & Technology Group during the second quarter worth about $38,056,000. Man Group plc purchased a new position in New Oriental Education & Technology Group during the second quarter worth about $4,883,000. Finally, Alkeon Capital Management LLC increased its position in shares of New Oriental Education & Technology Group by 101.3% during the second quarter. Alkeon Capital Management LLC now owns 2,193,486 shares of the company's stock valued at $118,339,000 after acquiring an additional 1,104,000 shares during the last quarter.

New Oriental Education & Technology Group Company Profile

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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