Analysts Set New Oriental Education & Tech Grp (EDU) PT at $99.82

New Oriental Education & Tech Grp (NYSE:EDU) has been given an average recommendation of “Buy” by the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $99.82.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of New Oriental Education & Tech Grp from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Zacks Investment Research upgraded shares of New Oriental Education & Tech Grp from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Benchmark upped their price objective on shares of New Oriental Education & Tech Grp from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Jefferies Group reiterated a “buy” rating and issued a $109.00 price objective on shares of New Oriental Education & Tech Grp in a research report on Thursday, October 26th. Finally, CLSA downgraded shares of New Oriental Education & Tech Grp from an “outperform” rating to an “underperform” rating in a research report on Tuesday, October 24th.

Shares of New Oriental Education & Tech Grp (NYSE:EDU) traded down $0.15 during trading on Friday, hitting $92.79. 450,706 shares of the company’s stock were exchanged, compared to its average volume of 2,128,165. The firm has a market capitalization of $14,655.47, a P/E ratio of 51.27, a P/E/G ratio of 1.53 and a beta of 1.38. New Oriental Education & Tech Grp has a 1-year low of $47.99 and a 1-year high of $108.40.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The firm had revenue of $467.20 million during the quarter, compared to analyst estimates of $456.93 million. New Oriental Education & Tech Grp had a return on equity of 16.19% and a net margin of 13.92%. The company’s revenue was up 36.9% on a year-over-year basis. During the same quarter last year, the company posted $0.08 EPS. analysts expect that New Oriental Education & Tech Grp will post 1.91 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of New Oriental Education & Tech Grp by 2.4% during the second quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock worth $107,000 after purchasing an additional 35 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of New Oriental Education & Tech Grp by 88.9% during the third quarter. Envestnet Asset Management Inc. now owns 1,628 shares of the company’s stock worth $144,000 after purchasing an additional 766 shares in the last quarter. Advisor Group Inc. increased its stake in shares of New Oriental Education & Tech Grp by 182.5% during the second quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock worth $123,000 after purchasing an additional 1,126 shares in the last quarter. Eaton Vance Management purchased a new stake in shares of New Oriental Education & Tech Grp during the fourth quarter worth about $223,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of New Oriental Education & Tech Grp during the fourth quarter worth about $235,000. 78.13% of the stock is owned by institutional investors and hedge funds.

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

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