Shares of New Oriental Education & Tech Grp (NYSE:EDU) have been assigned an average rating of “Buy” from the twelve research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $100.45.

Several analysts recently commented on EDU shares. CLSA upgraded New Oriental Education & Tech Grp from an “underperform” rating to an “outperform” rating in a research report on Wednesday, December 20th. Zacks Investment Research cut New Oriental Education & Tech Grp from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. Jefferies Group reiterated a “buy” rating and set a $109.00 price target on shares of New Oriental Education & Tech Grp in a research report on Thursday, October 26th. Deutsche Bank started coverage on New Oriental Education & Tech Grp in a research report on Thursday, January 4th. They set a “buy” rating and a $116.00 price target for the company. Finally, Vetr cut New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating and set a $94.84 price target for the company. in a research report on Tuesday, October 10th.

Shares of New Oriental Education & Tech Grp (NYSE:EDU) opened at $98.94 on Tuesday. The company has a market capitalization of $15,640.00, a P/E ratio of 53.77, a PEG ratio of 1.58 and a beta of 1.31. New Oriental Education & Tech Grp has a 12-month low of $46.35 and a 12-month high of $108.40.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.00 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.04). The business had revenue of $661.20 million during the quarter, compared to analysts’ expectations of $643.90 million. New Oriental Education & Tech Grp had a net margin of 15.15% and a return on equity of 17.32%. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. analysts forecast that New Oriental Education & Tech Grp will post 2.03 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its stake in 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 buying an additional 35 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in New Oriental Education & Tech Grp by 5.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 3,585 shares of the company’s stock worth $253,000 after buying an additional 182 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in 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 buying an additional 766 shares during the last quarter. Advisor Group Inc. boosted its stake in 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 buying an additional 1,126 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in New Oriental Education & Tech Grp by 33.1% during the fourth quarter. Bank of Montreal Can now owns 6,621 shares of the company’s stock worth $622,000 after buying an additional 1,646 shares during the last quarter. 77.15% of the stock is currently owned by institutional investors.

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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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