NYSE:EDU

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

$23.97

-1.19 (-4.73%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $23.96
▼
$25.11
50-Day Range: $22.04
▼
$29.00
52-Week Range: $8.40
▼
$29.80

Volume: 1.04 million shs
Average Volume: 1.72 million shs
Market Capitalization: $4.07 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $36.60

New Oriental Education & Technology Group MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 52.7% Upside
$36.60 Price Target
Short Interest: Healthy
4.97% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.91
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 124.24%
From $0.33 to $0.74 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.52 out of 5 stars

Consumer Discretionary Sector

102nd out of 282 stocks

Educational Services Industry

9th out of 23 stocks

3.5

Analyst's Opinion

Consensus Rating
New Oriental Education & Technology Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $36.60, New Oriental Education & Technology Group has a forecasted upside of 52.7% from its current price of $23.97.
Amount of Analyst Coverage
New Oriental Education & Technology Group has only been the subject of 3 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
4.97% of the float of New Oriental Education & Technology Group has been sold short.
Short Interest Ratio / Days to Cover
New Oriental Education & Technology Group has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in New Oriental Education & Technology Group has recently decreased by 3.66%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
New Oriental Education & Technology Group does not currently pay a dividend.
Dividend Growth
New Oriental Education & Technology Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EDU.

2.7

News and Social Media Coverage

News Sentiment
New Oriental Education & Technology Group has a news sentiment score of 0.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for New Oriental Education & Technology Group this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for EDU on MarketBeat in the last 30 days. This is a decrease of -92% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added New Oriental Education & Technology Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -86% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, New Oriental Education & Technology Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
15.50% of the stock of New Oriental Education & Technology Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
45.81% of the stock of New Oriental Education & Technology Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for New Oriental Education & Technology Group are expected to grow by 124.24% in the coming year, from $0.33 to $0.74 per share.
Price to Book Value per Share Ratio
New Oriental Education & Technology Group has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About New Oriental Education & Technology Group (NYSE:EDU) Stock

New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the People's Republic of China. It operates through K-12 AST, Test Preparation and Other Courses; Online Education; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English. It also provides language training courses, including English, as well as other foreign languages, such as German, Japanese, French, Korean, Italian, and Spanish; operates a full-time private primary and secondary school in Yangzhou seeking a full curriculum with a focus on English; develops and edits educational materials for language training and test preparation; and offers online education programs that include college, K-12, and pre-school education. In addition, the company offers overseas studies consulting and overseas study tour services. As of May 31, 2021, it offered educational programs, services, and products to students through a network of 122 schools, 1,547 learning centers, and 11 bookstores, as well as through its online learning platforms. The company was founded in 1993 and is headquartered in Beijing, the People's Republic of China.

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EDU Stock News Headlines

September 30, 2022 | finance.yahoo.com

New Oriental to Report First Quarter 2023 Financial Results on October 26, 2022

September 30, 2022 | americanbankingnews.com

NaaS Technology (NASDAQ:NAAS) vs. New Oriental Education & Technology Group (NYSE:EDU) Head to Head Review

October 1, 2022 | Vantage Point (Ad)

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September 27, 2022 | finance.yahoo.com

Top 10 Stock Picks of Himanshu Shah’s Shah Capital

September 23, 2022 | finance.yahoo.com

American Public (APEI) Provides 2H'22 & Full Year Guidance

September 23, 2022 | americanbankingnews.com

New Oriental Education & Technology Group (NYSE:EDU) Shares Down 4.7%

September 22, 2022 | americanbankingnews.com

Analysts Set New Oriental Education & Technology Group Inc. (NYSE:EDU) Target Price at $36.60

September 13, 2022 | finance.yahoo.com

Top 5 Stock Picks of Yi Xin’s Ariose Capital

October 1, 2022 | Vantage Point (Ad)

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September 9, 2022 | nasdaq.com

Interesting EDU Put And Call Options For October 28th

September 7, 2022 | finance.yahoo.com

Is BJ's Wholesale Club (BJ) Stock Outpacing Its Consumer Discretionary Peers This Year?

September 7, 2022 | finance.yahoo.com

Wall Street Analysts Predict a 36% Upside in New Oriental (EDU): Here's What You Should Know

August 23, 2022 | finance.yahoo.com

New Oriental Education & Technology Group Inc.: We Raise New Oriental's Fair Value Estimate to USD 31.50 After a Fresh Look

July 29, 2022 | seekingalpha.com

New Oriental Education: Optimistic About Overseas Expansion

July 28, 2022 | investing.com

New Oriental Education & Technology Group PT Raised to HK$30 at Citi

July 27, 2022 | seekingalpha.com

New Oriental Education & Technology surges 8% post Q2 results and authorizes $400M buyback

July 27, 2022 | apnews.com

New Oriental: Fiscal Q4 Earnings Snapshot

July 27, 2022 | markets.businessinsider.com

New Oriental Education & Technology Group Q4 Loss Widens

July 27, 2022 | finance.yahoo.com

New Oriental Announces Results for the Fourth Fiscal Quarter and the Fiscal Year Ended May 31, 2022 and Adoption of up to US$400 Million Share Repurchase Program

July 25, 2022 | finance.yahoo.com

Investors bet on redemption for China’s godfather of education

July 16, 2022 | nasdaq.com

New Oriental Education Stocks Continue To Advance

July 14, 2022 | seekingalpha.com

Hedgeye says go long New Oriental Education and short Koolearn in new pair trade recommendation

July 13, 2022 | finance.yahoo.com

Targeted by Beijing, One Chinese Tutoring Company Reinvents Itself With Live Streams Selling Groceries

July 12, 2022 | uk.investing.com

Why New Oriental Education And Technology Group Shares Are Diving Today

July 7, 2022 | finance.yahoo.com

Bob Xiaoping Xu-backed Serafund invests in Healthera

July 5, 2022 | finance.yahoo.com

New Oriental to Report Fourth Quarter 2022 Financial Results on July 27, 2022

July 4, 2022 | msn.com

Nasdaq Golden Dragon Index outperforms Nasdaq 100 in June marking its first two-month winning streak since February 2021

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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EDU Company Calendar

Last Earnings: 7/27/2022
Today: 10/01/2022
Fiscal Year End: 5/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Educational services
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NYSE:EDU
CUSIP: N/A
CIK: 1372920
Web: www.neworiental.org
Phone: 861060908000
Fax: 86-10-6260-5511
Employees: 105,212
Year Founded: 1969

Price Target and Rating

Average Stock Price Forecast: $36.60
High Stock Price Forecast: $36.60
Low Stock Price Forecast: $36.60
Forecasted Upside/Downside: +52.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.62
Quick Ratio: 2.60

Sales & Book Value

Annual Sales: $3.11 billion
Price / Sales: 1.31
Cash Flow: $0.16 per share
Price / Cash Flow: 145.49
Book Value: $22.35 per share
Price / Book: 1.07

Miscellaneous

Outstanding Shares: 169,700,000
Free Float: 143,394,000
Market Cap: $4.07 billion
Optionable: Optionable
Beta: 0.52

Social Links

Key Executives

Mr. Minhong Yu (Age 59)
Founder & Exec. Chairman

Mr. Chenggang Zhou (Age 60)
CEO & Director

Mr. Zhihui Yang (Age 48)
Exec. Pres & CFO

Ms. Sisi Zhao
Investor Relations Director

Mr. Tung-Jung Hsieh (Age 58)
Sr. Adviser & Director

Mr. Qiang Wu (Age 49)
Head of The Beijing School

Mr. Zheng Zhao
Gen. Mang. & Managing Partner, New Oriental Education Culture Industry Fund

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

EDU Stock - Frequently Asked Questions

Should I buy or sell New Oriental Education & Technology Group stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Oriental Education & Technology Group in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" EDU shares.
View EDU analyst ratings or view top-rated stocks.
What is New Oriental Education & Technology Group's stock price forecast for 2022?: 7 brokers have issued 1-year target prices for New Oriental Education & Technology Group's stock. Their EDU share price forecasts range from $36.60 to $36.60. On average, they predict the company's stock price to reach $36.60 in the next year. This suggests a possible upside of 52.7% from the stock's current price.
View analysts price targets for EDU or view top-rated stocks among Wall Street analysts.
How have EDU shares performed in 2022?: New Oriental Education & Technology Group's stock was trading at $21.00 at the beginning of 2022. Since then, EDU shares have increased by 14.1% and is now trading at $23.97.
View the best growth stocks for 2022 here.
How were New Oriental Education & Technology Group's earnings last quarter?: New Oriental Education & Technology Group Inc. (NYSE:EDU) issued its quarterly earnings data on Wednesday, July, 27th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.09. The firm earned $524 million during the quarter, compared to analyst estimates of $544.92 million. The firm's revenue was down 56.7% compared to the same quarter last year.
When did New Oriental Education & Technology Group's stock split?: New Oriental Education & Technology Group's stock 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 market closes 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.
How will New Oriental Education & Technology Group's stock buyback program work?: New Oriental Education & Technology Group declared that its Board of Directors has initiated a stock buyback program on Wednesday, July 27th 2022, which authorizes the company to repurchase $0.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

What guidance has New Oriental Education & Technology Group issued on next quarter's earnings?: 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.
What other stocks do shareholders of New Oriental Education & Technology Group own?: 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).
What is New Oriental Education & Technology Group's stock symbol?: New Oriental Education & Technology Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "EDU."
How do I buy shares of New Oriental Education & Technology Group?: 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.
Compare Top Brokerages Here.
What is New Oriental Education & Technology Group's stock price today?: One share of EDU stock can currently be purchased for approximately $23.97.
How much money does New Oriental Education & Technology Group make?: New Oriental Education & Technology Group (NYSE:EDU) has a market capitalization of $4.07 billion and generates $3.11 billion in revenue each year.
How many employees does New Oriental Education & Technology Group have?: The company employs 105,212 workers across the globe.
How can I contact New Oriental Education & Technology Group?: 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.

This page (NYSE:EDU) was last updated on 10/1/2022 by MarketBeat.com Staff

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

New Oriental Education & Technology Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows