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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Oriental Education & Technology Group in the last year. There are currently 2 sell ratings, 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 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 trading volume, of 81,240,000 shares, the days-to-cover ratio is currently 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) released its quarterly earnings results on Monday, April, 19th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The company 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%. The business's revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 EPS.
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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. Since then, EDU stock has decreased by 98.5% and is now trading at $1.90.
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13 analysts have issued 12 month price targets for New Oriental Education & Technology Group's stock. 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 2,374.6% 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), Graham (GHC), TAL Education Group (TAL), Afya (AFYA), Adtalem Global Education (ATGE), Strategic Education (STRA), Youdao (DAO), Stride (LRN), Hailiang Education Group (HLG), Perdoceo Education (PRDO), Arco Platform (ARCE), Gaotu Techedu (GOTU) and American Public Education (APEI).
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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 a number of institutional and retail 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 $1.90.

New Oriental Education & Technology Group has a market capitalization of $3.26 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].