New Oriental Education & Tech Grp (NYSE:EDU) has earned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $93.05.

Several brokerages recently issued reports on EDU. Zacks Investment Research downgraded New Oriental Education & Tech Grp from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 29th. TheStreet upgraded New Oriental Education & Tech Grp from a “c+” rating to a “b” rating in a research report on Thursday, April 25th. Benchmark restated a “buy” rating and set a $105.00 price objective (up from $90.00) on shares of New Oriental Education & Tech Grp in a research report on Wednesday, April 24th. CICC Research upgraded New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $92.97 price objective for the company in a research report on Wednesday, April 24th. Finally, Deutsche Bank upgraded New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th.

Shares of NYSE:EDU traded up $0.86 during trading on Monday, hitting $86.46. 19,911 shares of the stock were exchanged, compared to its average volume of 1,542,274. The firm has a market capitalization of $11.68 billion, a price-to-earnings ratio of 46.32, a price-to-earnings-growth ratio of 1.50 and a beta of 1.59. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.63 and a quick ratio of 1.61. New Oriental Education & Tech Grp has a 12-month low of $50.30 and a 12-month high of $108.24.

New Oriental Education & Tech Grp (NYSE:EDU) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.14. The business had revenue of $796.70 million for the quarter, compared to analyst estimates of $788.52 million. New Oriental Education & Tech Grp had a return on equity of 14.88% and a net margin of 8.80%. The company’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 EPS. On average, equities analysts anticipate that New Oriental Education & Tech Grp will post 1.7 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Icon Wealth Partners LLC acquired a new position in New Oriental Education & Tech Grp in the 1st quarter valued at $31,000. Cornerstone Advisors Inc. raised its holdings in New Oriental Education & Tech Grp by 96.5% in the 1st quarter. Cornerstone Advisors Inc. now owns 454 shares of the company’s stock valued at $41,000 after acquiring an additional 223 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in New Oriental Education & Tech Grp in the 1st quarter valued at $45,000. Advisory Services Network LLC raised its holdings in New Oriental Education & Tech Grp by 31.1% in the 4th quarter. Advisory Services Network LLC now owns 876 shares of the company’s stock valued at $48,000 after acquiring an additional 208 shares during the last quarter. Finally, FTB Advisors Inc. acquired a new position in New Oriental Education & Tech Grp in the 1st quarter valued at $57,000. Institutional investors own 87.63% of the company’s stock.

About New Oriental Education & Tech Grp

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through Language Training and Test Preparation Courses, and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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Analyst Recommendations for New Oriental Education & Tech Grp (NYSE:EDU)

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