Vetr downgraded shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) from a buy rating to a hold rating in a report released on Tuesday. They currently have $94.84 price target on the stock.

A number of other analysts have also weighed in on the stock. Morgan Stanley started coverage on shares of New Oriental Education & Technology Group in a report on Friday, August 25th. They set an overweight rating and a $100.00 target price for the company. J P Morgan Chase & Co lowered shares of New Oriental Education & Technology Group from a neutral rating to an underweight rating and set a $82.00 target price for the company. in a report on Thursday, September 14th. Zacks Investment Research upgraded shares of New Oriental Education & Technology Group from a hold rating to a buy rating and set a $89.00 target price for the company in a report on Tuesday, July 18th. Benchmark Co. increased their target price on shares of New Oriental Education & Technology Group from $75.00 to $94.00 and gave the stock a buy rating in a report on Wednesday, July 26th. Finally, UBS AG started coverage on shares of New Oriental Education & Technology Group in a report on Tuesday, August 1st. They set a buy rating and a $96.75 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $86.34.

New Oriental Education & Technology Group (EDU) opened at 93.44 on Tuesday. The firm has a market capitalization of $14.77 billion, a P/E ratio of 53.70 and a beta of 1.33. New Oriental Education & Technology Group has a 52 week low of $37.16 and a 52 week high of $94.63. The stock has a 50 day moving average price of $86.20 and a 200-day moving average price of $75.32.

New Oriental Education & Technology Group (NYSE:EDU) last posted its earnings results on Tuesday, July 25th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.03). The firm had revenue of $486.40 million for the quarter, compared to analysts’ expectations of $477.81 million. New Oriental Education & Technology Group had a return on equity of 17.02% and a net margin of 15.25%. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. Analysts anticipate that New Oriental Education & Technology Group will post $2.38 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “New Oriental Education & Technology Group, Inc. (EDU) Lowered to “Hold” at Vetr Inc.” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/10/11/new-oriental-education-technology-group-inc-edu-lowered-to-hold-at-vetr-inc.html.

The business also recently disclosed a special dividend, which was paid on Friday, October 6th. Shareholders of record on Wednesday, September 6th were issued a $0.45 dividend. The ex-dividend date was Friday, September 1st. This is a positive change from New Oriental Education & Technology Group’s previous special dividend of $0.40.

A number of institutional investors and hedge funds have recently modified their holdings of EDU. BlackRock Inc. lifted its holdings in New Oriental Education & Technology Group by 5,434.7% in the first quarter. BlackRock Inc. now owns 6,286,645 shares of the company’s stock worth $379,587,000 after buying an additional 6,173,060 shares during the period. Ameriprise Financial Inc. lifted its holdings in New Oriental Education & Technology Group by 633.7% in the second quarter. Ameriprise Financial Inc. now owns 3,377,489 shares of the company’s stock worth $238,074,000 after buying an additional 2,917,183 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in New Oriental Education & Technology Group by 130.4% in the second quarter. UBS Asset Management Americas Inc. now owns 4,854,260 shares of the company’s stock worth $342,177,000 after buying an additional 2,747,727 shares during the period. Greenwoods Asset Management Ltd lifted its holdings in New Oriental Education & Technology Group by 39.8% in the second quarter. Greenwoods Asset Management Ltd now owns 2,845,660 shares of the company’s stock worth $200,591,000 after buying an additional 809,660 shares during the period. Finally, Jericho Capital Asset Management L.P. purchased a new stake in New Oriental Education & Technology Group in the first quarter worth about $44,198,000. Institutional investors and hedge funds own 76.05% 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.

Analyst Recommendations for New Oriental Education & Technology Group (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.