New Oriental Education & Tech Grp (EDU) Receives Consensus Rating of “Buy” from Analysts

Shares of New Oriental Education & Tech Grp (NYSE:EDU) have been assigned a consensus recommendation of “Buy” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $100.45.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Tuesday, September 26th. Benchmark raised their price target on New Oriental Education & Tech Grp from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, October 6th. Vetr downgraded New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating and set a $94.84 price target for the company. in a report on Wednesday, October 4th. CLSA downgraded New Oriental Education & Tech Grp from an “outperform” rating to an “underperform” rating in a report on Tuesday, October 24th. Finally, Bank of America raised New Oriental Education & Tech Grp from a “neutral” rating to a “buy” rating and set a $105.00 price target for the company in a report on Monday, September 25th.

Several institutional investors have recently added to or reduced their stakes in EDU. PNC Financial Services Group Inc. lifted its holdings in New Oriental Education & Tech Grp by 2.4% in the second quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock valued at $107,000 after acquiring an additional 35 shares during the period. Advisor Group Inc. lifted its holdings in New Oriental Education & Tech Grp by 182.5% in the second quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock valued at $123,000 after acquiring an additional 1,126 shares during the period. Envestnet Asset Management Inc. lifted its holdings in New Oriental Education & Tech Grp by 88.9% in the third quarter. Envestnet Asset Management Inc. now owns 1,628 shares of the company’s stock valued at $144,000 after acquiring an additional 766 shares during the period. Stevens Capital Management LP acquired a new position in New Oriental Education & Tech Grp in the second quarter valued at approximately $207,000. Finally, Mackenzie Financial Corp acquired a new position in New Oriental Education & Tech Grp in the third quarter valued at approximately $227,000. 77.15% of the stock is owned by hedge funds and other institutional investors.

New Oriental Education & Tech Grp (NYSE:EDU) opened at $98.94 on Tuesday. The stock has a market capitalization of $15,640.00, a PE ratio of 53.77, a price-to-earnings-growth ratio of 1.58 and a beta of 1.31. New Oriental Education & Tech Grp has a 52 week low of $46.35 and a 52 week high of $108.40.

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

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About New Oriental Education & Tech Grp

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 & Tech Grp (NYSE:EDU)

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