New Oriental Education & Technology Group (NYSE:EDU) Stock Price Up 10.6% – Still a Buy?

New Oriental Education & Technology Group, Inc. (NYSE:EDU) shares traded up 10.6% on Wednesday . The company traded as high as $55.55 and last traded at $56.1810. Approximately 141,511 shares traded hands during trading, a decline of 82% from the average session volume of 790,706 shares. The stock had previously closed at $50.79.

More New Oriental Education & Technology Group News

Here are the key news stories impacting New Oriental Education & Technology Group this week:

• Positive Sentiment: New Oriental unveiled a new capital-return plan, strengthening the investment case by signaling that management intends to return more cash to shareholders. The announcement was the primary catalyst behind the stock’s advance. New Oriental Education & Technology Group Is Up After New Capital Return Plan Unveiled
• Positive Sentiment: Fiscal fourth-quarter revenue reached $1.53 billion, exceeding the $1.46 billion analyst consensus. The company also forecast fiscal 2027 revenue of $6.5 billion to $6.7 billion, above the roughly $6.3 billion consensus estimate, indicating continued growth expectations. New Oriental Fiscal Q4 Earnings Snapshot
• Positive Sentiment: Management highlighted artificial-intelligence initiatives and growth opportunities, while commentary on financial performance and shareholder returns supported a more favorable view of the company’s longer-term prospects. New Oriental Earnings Call Highlights AI Growth, Returns
• Neutral Sentiment: Analysts and investors are reassessing EDU’s valuation after the earnings release, with the combination of above-consensus revenue, forward guidance and capital returns improving the company’s undervalued-growth narrative. New Oriental Earnings and Guidance Test Its Undervalued Case
• Negative Sentiment: Quarterly EPS was $0.60, below the $0.66 consensus estimate by $0.06. The earnings shortfall and net margin of 7.82% remain key risks, although the revenue beat and stronger guidance appear to have outweighed them. New Oriental Quarterly Earnings Report

Analysts Set New Price Targets

A number of analysts have commented on the stock. New Street Research set a $56.50 price target on shares of New Oriental Education & Technology Group in a research note on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of New Oriental Education & Technology Group in a research note on Tuesday, July 21st. Finally, The Goldman Sachs Group raised shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and dropped their target price for the company from $67.00 to $65.00 in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, New Oriental Education & Technology Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.54.

New Oriental Education & Technology Group Trading Down 3.3%

The company has a 50 day moving average price of $47.62 and a 200 day moving average price of $53.10. The company has a market capitalization of $8.96 billion, a P/E ratio of 19.15, a P/E/G ratio of 0.82 and a beta of 0.19.

New Oriental Education & Technology Group (NYSE:EDU) last posted its earnings results on Tuesday, April 14th. The company reported $0.10 earnings per share for the quarter. New Oriental Education & Technology Group had a return on equity of 11.34% and a net margin of 8.39%.The business had revenue of $1.42 billion for the quarter. As a group, sell-side analysts forecast that New Oriental Education & Technology Group, Inc. will post 3.86 EPS for the current fiscal year.

Hedge Funds Weigh In On New Oriental Education & Technology Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its stake in New Oriental Education & Technology Group by 106.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock valued at $31,000 after buying an additional 279 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in New Oriental Education & Technology Group by 10.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,372 shares of the company’s stock valued at $186,000 after acquiring an additional 324 shares during the period. Vident Advisory LLC lifted its position in New Oriental Education & Technology Group by 8.2% during the fourth quarter. Vident Advisory LLC now owns 5,939 shares of the company’s stock worth $327,000 after acquiring an additional 449 shares during the last quarter. Ieq Capital LLC lifted its position in New Oriental Education & Technology Group by 11.5% during the fourth quarter. Ieq Capital LLC now owns 4,760 shares of the company’s stock worth $262,000 after acquiring an additional 492 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in New Oriental Education & Technology Group by 7,314.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock worth $28,000 after acquiring an additional 512 shares during the last quarter.

About New Oriental Education & Technology Group

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.