New Oriental Education & Technology Group, Inc. (NYSE:EDU) had its target price upped by Benchmark Co. from $75.00 to $94.00 in a report released on Wednesday morning, MarketBeat.com reports. Benchmark Co. currently has a buy rating on the stock.

EDU has been the topic of several other reports. Jefferies Group LLC reaffirmed a buy rating and set a $74.80 target price on shares of New Oriental Education & Technology Group in a research note on Friday, July 14th. J P Morgan Chase & Co reaffirmed a neutral rating and set a $62.00 target price on shares of New Oriental Education & Technology Group in a research note on Wednesday, May 17th. Zacks Investment Research raised shares of New Oriental Education & Technology Group from a hold rating to a buy rating and set a $70.00 target price on the stock in a research note on Tuesday, April 25th. BidaskClub downgraded shares of New Oriental Education & Technology Group from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Finally, Goldman Sachs Group, Inc. (The) raised shares of New Oriental Education & Technology Group from a neutral rating to a buy rating in a research note on Tuesday, May 16th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. New Oriental Education & Technology Group currently has an average rating of Buy and an average price target of $72.97.

New Oriental Education & Technology Group (NYSE:EDU) opened at 79.84 on Wednesday. The company has a market capitalization of $12.59 billion, a P/E ratio of 45.89 and a beta of 1.36. The stock’s 50 day moving average is $75.55 and its 200-day moving average is $62.73. New Oriental Education & Technology Group has a 1-year low of $37.16 and a 1-year high of $83.91.

New Oriental Education & Technology Group (NYSE:EDU) last announced its earnings results on Tuesday, July 25th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.03. New Oriental Education & Technology Group had a return on equity of 17.02% and a net margin of 15.25%. The business had revenue of $486.40 million for the quarter, compared to analysts’ expectations of $477.81 million. During the same period in the previous year, the company earned $0.29 earnings per share. New Oriental Education & Technology Group’s quarterly revenue was up 23.2% on a year-over-year basis. On average, analysts expect that New Oriental Education & Technology Group will post $2.41 earnings per share for the current fiscal year.

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The company also recently declared a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, September 1st. This is a boost from New Oriental Education & Technology Group’s previous special dividend of $0.40.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in New Oriental Education & Technology Group by 64.0% in the first quarter. Tower Research Capital LLC TRC now owns 2,319 shares of the company’s stock valued at $140,000 after buying an additional 905 shares during the period. Advisors Preferred LLC purchased a new position in New Oriental Education & Technology Group during the first quarter valued at approximately $147,000. Raymond James Financial Services Advisors Inc. purchased a new position in New Oriental Education & Technology Group during the first quarter valued at approximately $205,000. Timber Hill LLC purchased a new position in New Oriental Education & Technology Group during the first quarter valued at approximately $220,000. Finally, Atria Investments LLC purchased a new position in New Oriental Education & Technology Group during the second quarter valued at approximately $240,000. Institutional investors own 83.43% of the company’s stock.

About New Oriental Education & Technology Group

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 & Technology Group (NYSE:EDU)

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