Shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $80.79.

Several equities analysts recently commented on EDU shares. Morgan Stanley started coverage on New Oriental Education & Technology Group in a research report on Friday, August 25th. They set an “overweight” rating and a $100.00 target price for the company. Benchmark Co. raised their target price on New Oriental Education & Technology Group from $75.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Zacks Investment Research upgraded New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and set a $74.80 target price on shares of New Oriental Education & Technology Group in a research report on Friday, July 14th. Finally, J P Morgan Chase & Co downgraded New Oriental Education & Technology Group from a “neutral” rating to an “underweight” rating and set a $82.00 target price for the company. in a research report on Thursday, September 14th.

A number of institutional investors and hedge funds have recently modified their holdings of the business. OppenheimerFunds Inc. raised its position in New Oriental Education & Technology Group by 1.5% in the 1st quarter. OppenheimerFunds Inc. now owns 9,328,992 shares of the company’s stock valued at $563,284,000 after purchasing an additional 134,050 shares during the last quarter. Baillie Gifford & Co. raised its position in New Oriental Education & Technology Group by 0.6% in the 2nd quarter. Baillie Gifford & Co. now owns 8,264,923 shares of the company’s stock valued at $582,594,000 after purchasing an additional 47,119 shares during the last quarter. BlackRock Inc. raised its position in New Oriental Education & Technology Group by 5,434.7% in the 1st quarter. BlackRock Inc. now owns 6,286,645 shares of the company’s stock valued at $379,587,000 after purchasing an additional 6,173,060 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in New Oriental Education & Technology Group by 130.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,854,260 shares of the company’s stock valued at $342,177,000 after purchasing an additional 2,747,727 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in New Oriental Education & Technology Group by 16.9% in the 1st quarter. Wellington Management Group LLP now owns 3,694,007 shares of the company’s stock valued at $223,045,000 after purchasing an additional 533,495 shares during the last quarter. Hedge funds and other institutional investors own 76.38% of the company’s stock.

New Oriental Education & Technology Group (NYSE EDU) opened at 85.93 on Wednesday. The company has a market capitalization of $13.55 billion, a P/E ratio of 49.39 and a beta of 1.37. New Oriental Education & Technology Group has a 52 week low of $37.16 and a 52 week high of $94.30. The company’s 50-day moving average price is $82.52 and its 200-day moving average price is $71.61.

New Oriental Education & Technology Group (NYSE:EDU) last posted its earnings results on Tuesday, July 25th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.03). The company had revenue of $486.40 million for the quarter, compared to the consensus estimate of $477.81 million. New Oriental Education & Technology Group had a return on equity of 17.02% and a net margin of 15.25%. New Oriental Education & Technology Group’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS. On average, equities analysts forecast that New Oriental Education & Technology Group will post $2.37 EPS for the current fiscal year.

The firm also recently disclosed a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Wednesday, September 6th will be given a $0.45 dividend. This is an increase from New Oriental Education & Technology Group’s previous special dividend of $0.40. The ex-dividend date of this dividend is Friday, September 1st.

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New Oriental Education & Technology Group 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 & Technology Group (NYSE:EDU)

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