New Oriental Education & Tech Grp (NYSE:EDU) fell 5.4% during mid-day trading on Tuesday . The company traded as low as $104.83 and last traded at $105.94, 1,539,800 shares were traded during trading. An increase of 12% from the average session volume of 1,375,020 shares. The stock had previously closed at $112.00.

Several analysts have recently commented on the stock. ValuEngine lowered shares of New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research cut New Oriental Education & Tech Grp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Morgan Stanley lifted their target price on New Oriental Education & Tech Grp from $95.00 to $106.00 and gave the company a “positive” rating in a research report on Friday, June 14th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $92.73.

The company has a market cap of $15.56 billion, a PE ratio of 70.63, a price-to-earnings-growth ratio of 1.15 and a beta of 1.46. The company’s 50 day simple moving average is $106.68 and its two-hundred day simple moving average is $92.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.73 and a quick ratio of 1.71.

New Oriental Education & Tech Grp (NYSE:EDU) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.39). New Oriental Education & Tech Grp had a net margin of 7.69% and a return on equity of 12.97%. The company had revenue of $842.90 million during the quarter, compared to analysts’ expectations of $833.78 million. During the same period last year, the firm posted $0.55 earnings per share. New Oriental Education & Tech Grp’s revenue was up 20.2% on a year-over-year basis. Sell-side analysts expect that New Oriental Education & Tech Grp will post 3.02 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. Van Berkom & Associates Inc. grew its stake in shares of New Oriental Education & Tech Grp by 3.3% in the second quarter. Van Berkom & Associates Inc. now owns 26,227 shares of the company’s stock valued at $2,533,000 after buying an additional 850 shares in the last quarter. Atria Investments LLC purchased a new stake in shares of New Oriental Education & Tech Grp in the 2nd quarter valued at $296,000. BlackRock Inc. lifted its stake in New Oriental Education & Tech Grp by 1.3% during the 2nd quarter. BlackRock Inc. now owns 8,823,842 shares of the company’s stock worth $852,207,000 after acquiring an additional 114,755 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in New Oriental Education & Tech Grp during the 2nd quarter worth about $311,000. Finally, Colony Group LLC boosted its holdings in New Oriental Education & Tech Grp by 12.9% during the 2nd quarter. Colony Group LLC now owns 16,154 shares of the company’s stock valued at $1,560,000 after acquiring an additional 1,840 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

New Oriental Education & Tech Grp Company Profile (NYSE:EDU)

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 Language Training and Test Preparation Courses, 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 achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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