New Oriental Education & Technology Group Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Oriental Education & Technology Group in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" New Oriental Education & Technology Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EDU, but not buy additional shares or sell existing shares.
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Wall Street analysts have given New Oriental Education & Technology Group a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but New Oriental Education & Technology Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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New Oriental Education & Technology Group saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 113,360,000 shares, an increase of 72.6% from the August 15th total of 65,670,000 shares. Based on an average daily volume of 81,240,000 shares, the short-interest ratio is presently 1.4 days.
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New Oriental Education & Technology Group is scheduled to release its next quarterly earnings announcement on Tuesday, October 12th 2021.
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New Oriental Education & Technology Group Inc. (NYSE:EDU) issued its quarterly earnings data on Monday, April, 19th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.03. The firm earned $1.19 billion during the quarter, compared to the consensus estimate of $1.13 billion. New Oriental Education & Technology Group had a net margin of 10.18% and a trailing twelve-month return on equity of 9.90%. New Oriental Education & Technology Group's revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 earnings per share.
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New Oriental Education & Technology Group's stock was trading at $126.69 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, EDU shares have decreased by 98.4% and is now trading at $1.99.
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13 Wall Street analysts have issued 12-month price targets for New Oriental Education & Technology Group's shares. Their forecasts range from $8.70 to $195.00. On average, they anticipate New Oriental Education & Technology Group's stock price to reach $47.02 in the next twelve months. This suggests a possible upside of 2,262.6% from the stock's current price.
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Some companies that are related to New Oriental Education & Technology Group include Chegg (CHGG), Grand Canyon Education (LOPE), Laureate Education (LAUR), TAL Education Group (TAL), Graham (GHC), Afya (AFYA), Adtalem Global Education (ATGE), Strategic Education (STRA), Youdao (DAO), Stride (LRN), Hailiang Education Group (HLG), Gaotu Techedu (GOTU), Perdoceo Education (PRDO), Arco Platform (ARCE) and American Public Education (APEI).
View all of EDU's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other New Oriental Education & Technology Group investors own include Alibaba Group (BABA), NVIDIA (NVDA), Baidu (BIDU), Adobe (ADBE), Netflix (NFLX), The Walt Disney (DIS), Tesla (TSLA), Mastercard (MA), PayPal (PYPL) and QUALCOMM (QCOM).

New Oriental Education & Technology Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "EDU."

New Oriental Education & Technology Group's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (4.58%), Invesco Ltd. (3.89%), Vanguard Group Inc. (3.06%), State Street Corp (1.68%), Genesis Investment Management LLP (1.28%) and Brilliance Asset Management Ltd. (1.18%).

EDU stock was sold by a variety of institutional investors in the last quarter, including UBS Asset Management Americas Inc., FMR LLC, abrdn plc, Bank of New York Mellon Corp, BlackRock Inc., Renaissance Technologies LLC, Bank of America Corp DE, and Bank of America Corp DE.

EDU stock was bought by a variety of institutional investors in the last quarter, including Brilliance Asset Management Ltd., Invesco Ltd., Carmignac Gestion, DSM Capital Partners LLC, Price T Rowe Associates Inc. MD, Amundi, Coronation Fund Managers Ltd., and Morgan Stanley.

Shares of EDU can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EDU stock can currently be purchased for approximately $1.99.

New Oriental Education & Technology Group has a market capitalization of $3.41 billion and generates $3.58 billion in revenue each year. The company earns $413.33 million in net income (profit) each year or $0.26 on an earnings per share basis.

New Oriental Education & Technology Group employs 54,242 workers across the globe.

New Oriental Education & Technology Group was founded in 1969.

The official website for New Oriental Education & Technology Group is www.neworiental.org.

New Oriental Education & Technology Group is headquartered at NO. 6 HAI DIAN ZHONG STREET 9TH FLOOR, BEIJING F4, 100080.

New Oriental Education & Technology Group's mailing address is NO. 6 HAI DIAN ZHONG STREET 9TH FLOOR, BEIJING F4, 100080. The company can be reached via phone at 861060908000 or via email at [email protected].