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

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Oriental Education & Technology Group in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" EDU shares.
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8 analysts have issued twelve-month price targets for New Oriental Education & Technology Group's shares. Their EDU share price forecasts range from $36.60 to $36.60. On average, they anticipate the company's stock price to reach $36.60 in the next year. This suggests a possible upside of 42.5% from the stock's current price.
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New Oriental Education & Technology Group's stock was trading at $21.00 at the start of the year. Since then, EDU shares have increased by 22.3% and is now trading at $25.68.
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New Oriental Education & Technology Group saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 9,800,000 shares, a drop of 12.0% from the July 15th total of 11,140,000 shares. Based on an average trading volume of 5,010,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 5.7% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Friday, September 23rd 2022.
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New Oriental Education & Technology Group Inc. (NYSE:EDU) posted its quarterly earnings data on Wednesday, July, 27th. The company reported ($0.94) EPS for the quarter, missing the consensus estimate of $0.03 by $0.97. The firm earned $524 million during the quarter, compared to the consensus estimate of $544.92 million. The firm's revenue was down 56.7% on a year-over-year basis.

Shares of New Oriental Education & Technology Group reverse split on Friday, April 8th 2022. The 1-10 reverse split was announced on Friday, April 8th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Friday, April 8th 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

New Oriental Education & Technology Group announced that its Board of Directors has approved a stock repurchase program on Wednesday, July 27th 2022, which permits the company to repurchase $0.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

New Oriental Education & Technology Group updated its first quarter 2023 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $641.30 million-$680.60 million.

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), 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 Shah Capital Management (1.77%), Allspring Global Investments Holdings LLC (0.61%), Pictet Asset Management SA (0.36%), Assenagon Asset Management S.A. (0.34%), IvyRock Asset Management HK Ltd (0.33%) and Ariose Capital Management Ltd (0.19%).

Shares of EDU stock 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 $25.68.

New Oriental Education & Technology Group (NYSE:EDU) has a market capitalization of $4.36 billion and generates $3.11 billion in revenue each year.

The company employs 105,212 workers across the globe.

New Oriental Education & Technology Group was founded in 1969.

New Oriental Education & Technology Group's mailing address is NO. 6 HAI DIAN ZHONG STREET 9TH FLOOR, BEIJING F4, 100080. The official website for the company is www.neworiental.org. The company can be reached via phone at 861060908000, via email at zhaosisi@xdf.cn, or via fax at 86-10-6260-5511.