Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) have been given a consensus recommendation of “Buy” by the twelve analysts that are currently covering the firm. Two equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $44.30.

Several brokerages have recently commented on EDU. Zacks Investment Research raised New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating and set a $55.00 target price for the company in a report on Monday, November 14th. Brean Capital upped their target price on New Oriental Education & Technology Group to $60.00 and gave the company a “buy” rating in a report on Wednesday, October 26th. Finally, Daiwa Capital Markets began coverage on New Oriental Education & Technology Group in a report on Monday, October 10th. They set a “buy” rating for the company.

Shares of New Oriental Education & Technology Group (NYSE:EDU) opened at 50.20 on Wednesday. New Oriental Education & Technology Group has a one year low of $27.40 and a one year high of $53.38. The stock has a market cap of $7.90 billion, a PE ratio of 33.40 and a beta of 1.32. The stock’s 50 day moving average price is $48.51 and its 200-day moving average price is $43.81.

New Oriental Education & Technology Group (NYSE:EDU) last announced its earnings results on Tuesday, October 25th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.99 by $0.09. New Oriental Education & Technology Group had a net margin of 15.28% and a return on equity of 16.87%. The company had revenue of $534.10 million for the quarter, compared to analysts’ expectations of $521.77 million. During the same period in the prior year, the company earned $0.84 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, equities analysts predict that New Oriental Education & Technology Group will post $1.76 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of EDU. BlackRock Fund Advisors increased its stake in New Oriental Education & Technology Group by 6.6% in the first quarter. BlackRock Fund Advisors now owns 894,548 shares of the company’s stock worth $30,942,000 after buying an additional 55,257 shares during the period. AMP Capital Investors Ltd increased its stake in New Oriental Education & Technology Group by 1.0% in the first quarter. AMP Capital Investors Ltd now owns 39,000 shares of the company’s stock worth $1,400,000 after buying an additional 400 shares during the period. Legal & General Group Plc raised its position in shares of New Oriental Education & Technology Group by 13.2% in the first quarter. Legal & General Group Plc now owns 113,900 shares of the company’s stock worth $3,940,000 after buying an additional 13,300 shares in the last quarter. Origin Asset Management LLP raised its position in shares of New Oriental Education & Technology Group by 42.7% in the first quarter. Origin Asset Management LLP now owns 778,700 shares of the company’s stock worth $26,935,000 after buying an additional 233,000 shares in the last quarter. Finally, British Columbia Investment Management Corp raised its position in shares of New Oriental Education & Technology Group by 80.2% in the second quarter. British Columbia Investment Management Corp now owns 30,100 shares of the company’s stock worth $1,261,000 after buying an additional 13,400 shares in the last quarter. 83.99% of the stock is owned by institutional investors.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

5 Day Chart for NYSE:EDU

Receive News & Stock Ratings for New Oriental Education & Technology Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Oriental Education & Technology Group Inc. and related stocks with our FREE daily email newsletter.