New Oriental Education & Technology Group (NYSE:EDU) Stock Rating Lowered by Wall Street Zen

New Oriental Education & Technology Group (NYSE:EDU) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of New Oriental Education & Technology Group in a report on Tuesday, July 21st. The Goldman Sachs Group raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $67.00 to $65.00 in a research report on Thursday, June 11th. Finally, New Street Research set a $56.50 price objective on New Oriental Education & Technology Group in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, New Oriental Education & Technology Group has a consensus rating of “Moderate Buy” and an average target price of $64.54.

New Oriental Education & Technology Group Stock Down 0.0%

Shares of NYSE:EDU opened at $58.89 on Friday. New Oriental Education & Technology Group has a 12 month low of $43.27 and a 12 month high of $64.97. The company’s fifty day simple moving average is $47.87 and its 200 day simple moving average is $53.09. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 0.62 and a beta of 0.24.

Institutional Trading of New Oriental Education & Technology Group

A number of large investors have recently added to or reduced their stakes in EDU. Amundi grew its position in shares of New Oriental Education & Technology Group by 14.4% in the 1st quarter. Amundi now owns 507,774 shares of the company’s stock valued at $28,755,000 after acquiring an additional 63,845 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of 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 purchasing an additional 279 shares during the period. Quantinno Capital Management LP raised its holdings in shares of New Oriental Education & Technology Group by 27.9% in the 1st quarter. Quantinno Capital Management LP now owns 48,862 shares of the company’s stock valued at $2,767,000 after purchasing an additional 10,669 shares during the period. Lazard Asset Management LLC acquired a new stake in New Oriental Education & Technology Group in the 1st quarter valued at about $18,528,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in New Oriental Education & Technology Group during the first quarter worth about $209,000.

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.