New Oriental Education & Technology Group, Inc. (NYSE:EDU) Lowered to Underperform at CLSA

New Oriental Education & Technology Group, Inc. (NYSE:EDU) was downgraded by research analysts at CLSA from an “outperform” rating to an “underperform” rating in a note issued to investors on Tuesday, October 24th, Marketbeat.com reports.

EDU has been the topic of a number of other research reports. Vetr downgraded New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 target price on the stock. in a research report on Wednesday, October 4th. Benchmark Co. lifted their price objective on New Oriental Education & Technology Group from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, October 6th. Zacks Investment Research raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Tuesday, September 26th. Morgan Stanley started coverage on New Oriental Education & Technology Group in a research note on Friday, August 25th. They issued an “overweight” rating and a $100.00 price objective for the company. Finally, J P Morgan Chase & Co cut New Oriental Education & Technology Group from a “neutral” rating to an “underweight” rating and set a $82.00 price objective for the company. in a research note on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $89.76.

Shares of New Oriental Education & Technology Group (NYSE EDU) opened at $85.53 on Tuesday. New Oriental Education & Technology Group has a 1 year low of $37.16 and a 1 year high of $94.63. The company has a market capitalization of $13,486.97, a price-to-earnings ratio of 46.23, a price-to-earnings-growth ratio of 1.33 and a beta of 1.31.

New Oriental Education & Technology Group (NYSE:EDU) last posted its earnings results on Tuesday, October 24th. The company reported $1.00 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.04). New Oriental Education & Technology Group had a net margin of 15.15% and a return on equity of 17.32%. The business had revenue of $661.20 million during the quarter, compared to analysts’ expectations of $643.90 million. During the same quarter in the prior year, the firm earned $0.90 EPS. New Oriental Education & Technology Group’s revenue for the quarter was up 23.8% compared to the same quarter last year. analysts forecast that New Oriental Education & Technology Group will post 2.03 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in New Oriental Education & Technology Group by 2.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock valued at $107,000 after buying an additional 35 shares during the last quarter. Nippon Life Insurance Co. acquired a new stake in New Oriental Education & Technology Group during the 2nd quarter valued at $111,000. Advisor Group Inc. grew its holdings in New Oriental Education & Technology Group by 182.5% during the 2nd quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock valued at $123,000 after buying an additional 1,126 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in New Oriental Education & Technology Group by 64.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,319 shares of the company’s stock valued at $140,000 after buying an additional 905 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new stake in New Oriental Education & Technology Group during the 2nd quarter valued at $207,000. Hedge funds and other institutional investors own 75.75% 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 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)

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