New Oriental Education & Technology Group Inc. (NYSE:EDU) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of English and other foreign language training, test preparation courses for major 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. New Oriental’s ADSs, each of which represents four common shares, currently trade on the New York Stock Exchange under the symbol ”EDU.” “

Several other research analysts have also weighed in on EDU. Brean Capital upped their target price on New Oriental Education & Technology Group to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, October 26th. Daiwa Capital Markets began coverage on New Oriental Education & Technology Group in a research report on Monday, October 10th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $44.30.

Analyst Recommendations for New Oriental Education & Technology Group (NYSE:EDU)

New Oriental Education & Technology Group (NYSE:EDU) traded down 0.46% during midday trading on Tuesday, reaching $50.19. The company’s stock had a trading volume of 752,557 shares. The stock has a 50 day moving average of $49.42 and a 200 day moving average of $44.40. The firm has a market capitalization of $7.90 billion, a PE ratio of 33.39 and a beta of 1.32. New Oriental Education & Technology Group has a 52 week low of $27.40 and a 52 week high of $53.38.

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

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A number of hedge funds have recently made changes to their positions in the stock. Navellier & Associates Inc increased its stake in shares of New Oriental Education & Technology Group by 0.6% in the third quarter. Navellier & Associates Inc now owns 7,107 shares of the company’s stock valued at $329,000 after buying an additional 42 shares during the last quarter. Pillar Pacific Capital Management LLC boosted its position in New Oriental Education & Technology Group by 0.9% in the third quarter. Pillar Pacific Capital Management LLC now owns 8,865 shares of the company’s stock valued at $411,000 after buying an additional 75 shares during the period. Invictus RG boosted its position in New Oriental Education & Technology Group by 2.7% in the second quarter. Invictus RG now owns 5,674 shares of the company’s stock valued at $238,000 after buying an additional 149 shares during the period. Fis Group Inc. boosted its position in New Oriental Education & Technology Group by 0.5% in the third quarter. Fis Group Inc. now owns 33,261 shares of the company’s stock valued at $1,539,000 after buying an additional 181 shares during the period. Finally, BARING ASSET MANAGEMENT Ltd boosted its position in New Oriental Education & Technology Group by 3.1% in the third quarter. BARING ASSET MANAGEMENT Ltd now owns 7,250 shares of the company’s stock valued at $336,000 after buying an additional 215 shares during the period. Hedge funds and other institutional investors own 77.43% of the company’s stock.

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

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