New Oriental Education & Tech Grp (NYSE:EDU) has earned an average rating of “Buy” from the twelve ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $99.82.
Several analysts have weighed in on the company. JPMorgan Chase & Co. raised New Oriental Education & Tech Grp from an “underweight” rating to a “neutral” rating and set a $72.00 target price on the stock in a report on Monday, March 5th. Zacks Investment Research raised New Oriental Education & Tech Grp from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. CLSA raised New Oriental Education & Tech Grp from an “underperform” rating to an “outperform” rating in a report on Wednesday, December 20th. Deutsche Bank assumed coverage on New Oriental Education & Tech Grp in a research note on Thursday, January 4th. They set a “buy” rating and a $116.00 price objective on the stock. Finally, Benchmark increased their price objective on New Oriental Education & Tech Grp from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted 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 valued at $144,000 after acquiring an additional 766 shares during the last quarter. Eaton Vance Management acquired a new stake in New Oriental Education & Tech Grp in the 4th quarter worth about $223,000. Quantitative Systematic Strategies LLC acquired a new stake in New Oriental Education & Tech Grp in the 4th quarter worth about $235,000. Mackenzie Financial Corp acquired a new stake in New Oriental Education & Tech Grp in the 3rd quarter worth about $227,000. Finally, Eqis Capital Management Inc. boosted its stake in New Oriental Education & Tech Grp by 21.5% in the 4th quarter. Eqis Capital Management Inc. now owns 3,594 shares of the company’s stock worth $338,000 after buying an additional 636 shares during the last quarter. 79.70% of the stock is currently owned by institutional investors and hedge funds.
New Oriental Education & Tech Grp (NYSE EDU) traded down $3.28 during trading on Wednesday, reaching $90.50. The company’s stock had a trading volume of 3,671,136 shares, compared to its average volume of 1,619,756. The firm has a market capitalization of $14,787.92, a price-to-earnings ratio of 50.00, a price-to-earnings-growth ratio of 1.53 and a beta of 1.36. New Oriental Education & Tech Grp has a 12 month low of $53.56 and a 12 month high of $108.40.
New Oriental Education & Tech Grp (NYSE:EDU) last posted its earnings results on Tuesday, January 23rd. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 net margin of 13.92% and a return on equity of 16.19%. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same period last year, the company posted $0.08 EPS. research analysts predict that New Oriental Education & Tech Grp will post 1.93 EPS for the current 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.
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