Brokerages Set New Oriental Education & Technology Group, Inc. (NYSE:EDU) Price Target at $65.84

Shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $65.84.

EDU has been the topic of several research analyst reports. New Street Research set a $68.00 price objective on shares of New Oriental Education & Technology Group in a research report on Wednesday, January 28th. China Renaissance raised shares of New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. HSBC upgraded New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. Zacks Research cut New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Wall Street Zen raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a report on Saturday, January 31st.

Institutional Trading of New Oriental Education & Technology Group

Several hedge funds have recently added to or reduced their stakes in the company. Factory Mutual Insurance Co. bought a new position in New Oriental Education & Technology Group during the third quarter worth about $2,505,000. OPTIMAS CAPITAL Ltd bought a new position in New Oriental Education & Technology Group during the third quarter worth about $1,974,000. First Beijing Investment Ltd increased its position in New Oriental Education & Technology Group by 31.4% during the third quarter. First Beijing Investment Ltd now owns 9,346,501 shares of the company’s stock worth $496,019,000 after acquiring an additional 2,231,169 shares during the period. Serenity Capital Management PTE. LTD. increased its position in New Oriental Education & Technology Group by 167.6% during the third quarter. Serenity Capital Management PTE. LTD. now owns 656,878 shares of the company’s stock worth $34,861,000 after acquiring an additional 411,380 shares during the period. Finally, Monolith Management Ltd increased its position in New Oriental Education & Technology Group by 91.3% during the third quarter. Monolith Management Ltd now owns 506,046 shares of the company’s stock worth $26,856,000 after acquiring an additional 241,546 shares during the period.

New Oriental Education & Technology Group Stock Down 1.9%

NYSE:EDU opened at $50.87 on Tuesday. The stock’s 50 day moving average price is $54.91 and its two-hundred day moving average price is $55.79. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 0.86 and a beta of 0.24. New Oriental Education & Technology Group has a 12-month low of $41.62 and a 12-month high of $64.97.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings data on Tuesday, April 14th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $1.42 billion for the quarter. New Oriental Education & Technology Group had a return on equity of 11.67% and a net margin of 7.82%. Equities research analysts expect that New Oriental Education & Technology Group will post 3.19 EPS for the current year.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group (NYSE: EDU) is one of China’s leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company’s offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental’s curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources.

Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.