New Oriental Education & Technology Group Inc. (NYSE:EDU) has received a consensus rating of “Buy” from the thirteen research firms that are covering the stock. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $39.11.

EDU has been the subject of several recent research reports. Brean Capital reissued a “buy” rating on shares of New Oriental Education & Technology Group in a research report on Tuesday, August 2nd. Zacks Investment Research raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Friday, July 22nd. T.H. Capital boosted their target price on shares of New Oriental Education & Technology Group from $34.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, July 21st. Jefferies Group reissued a “buy” rating and issued a $50.00 target price on shares of New Oriental Education & Technology Group in a research report on Friday, July 8th. Finally, Daiwa Capital Markets initiated coverage on shares of New Oriental Education & Technology Group in a research report on Monday. They issued a “buy” rating for the company.

New Oriental Education & Technology Group (NYSE:EDU) traded up 1.37% during midday trading on Wednesday, hitting $46.53. 321,131 shares of the stock traded hands. New Oriental Education & Technology Group has a 1-year low of $21.73 and a 1-year high of $48.41. The company has a 50-day moving average of $44.66 and a 200-day moving average of $41.47. The stock has a market cap of $7.33 billion, a PE ratio of 32.54 and a beta of 1.60.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. New Oriental Education & Technology Group had a net margin of 15.21% and a return on equity of 16.90%. The firm had revenue of $394.90 million for the quarter, compared to the consensus estimate of $389.98 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm’s revenue was up 20.1% on a year-over-year basis. On average, equities analysts expect that New Oriental Education & Technology Group will post $1.80 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its position in New Oriental Education & Technology Group by 21.6% in the first quarter. Goldman Sachs Group Inc. now owns 632,194 shares of the company’s stock valued at $21,868,000 after buying an additional 112,264 shares during the last quarter. AXA boosted its position in New Oriental Education & Technology Group by 22.3% in the first quarter. AXA now owns 244,070 shares of the company’s stock valued at $8,442,000 after buying an additional 44,568 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in New Oriental Education & Technology Group by 7.1% in the first quarter. Pictet Asset Management Ltd. now owns 108,187 shares of the company’s stock valued at $3,368,000 after buying an additional 7,200 shares during the last quarter. Quadrature Capital Ltd bought a new position in New Oriental Education & Technology Group during the first quarter valued at approximately $301,000. Finally, RPg Family Wealth Advisory LLC bought a new position in New Oriental Education & Technology Group during the first quarter valued at approximately $3,994,000. Hedge funds and other institutional investors own 80.60% of the company’s stock.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company offers a range of educational programs, services and products, consisting primarily of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education.

5 Day Chart for NYSE:EDU

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