New Oriental Education & Technology Group Inc. (NYSE:EDU - Get Free Report) shot up 2.4% during trading on Wednesday . The stock traded as high as $87.56 and last traded at $86.84. 664,113 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 1,654,211 shares. The stock had previously closed at $84.80.
Analyst Upgrades and Downgrades
EDU has been the subject of several analyst reports. Morgan Stanley increased their price target on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, March 28th. StockNews.com downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Thursday, January 4th.
Check Out Our Latest Research Report on EDU
New Oriental Education & Technology Group Price Performance
The company has a market cap of $14.70 billion, a PE ratio of 47.44 and a beta of 0.49. The business has a 50 day moving average of $89.04 and a 200 day moving average of $76.81.
New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.23). The company had revenue of $869.60 million during the quarter, compared to the consensus estimate of $814.01 million. New Oriental Education & Technology Group had a return on equity of 7.97% and a net margin of 8.54%. The firm's revenue for the quarter was up 36.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 earnings per share. Sell-side analysts forecast that New Oriental Education & Technology Group Inc. will post 2.02 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in EDU. Tobam bought a new position in shares of New Oriental Education & Technology Group in the 4th quarter worth about $3,979,000. Ariose Capital Management Ltd purchased a new stake in New Oriental Education & Technology Group in the fourth quarter worth about $30,631,000. FengHe Fund Management Pte. Ltd. bought a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at approximately $2,037,000. Clearbridge Investments LLC increased its stake in shares of New Oriental Education & Technology Group by 14.7% during the third quarter. Clearbridge Investments LLC now owns 65,002 shares of the company's stock valued at $3,806,000 after purchasing an additional 8,306 shares in the last quarter. Finally, XY Capital Ltd lifted its holdings in shares of New Oriental Education & Technology Group by 376.4% during the third quarter. XY Capital Ltd now owns 102,903 shares of the company's stock valued at $6,025,000 after purchasing an additional 81,303 shares during the last quarter.
New Oriental Education & Technology Group Company Profile
(
Get Free Report)
New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.
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