New Oriental Education & Technology Group Inc. (NYSE:EDU) Receives $36.60 Consensus Price Target from Brokerages

Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU – Get Rating) have received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $36.60.

EDU has been the topic of a number of analyst reports. TheStreet downgraded shares of New Oriental Education & Technology Group from a “c-” rating to a “d” rating in a research report on Monday, November 21st. StockNews.com initiated coverage on shares of New Oriental Education & Technology Group in a report on Thursday. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. OLD Mission Capital LLC acquired a new stake in New Oriental Education & Technology Group in the 4th quarter valued at $1,594,000. Alliancebernstein L.P. bought a new stake in shares of New Oriental Education & Technology Group during the 4th quarter worth $1,528,000. Blue Creek Capital Management Ltd bought a new stake in shares of New Oriental Education & Technology Group during the 4th quarter worth $32,783,000. Franchise Capital Ltd bought a new stake in New Oriental Education & Technology Group in the 4th quarter valued at about $17,054,000. Finally, 1832 Asset Management L.P. bought a new stake in shares of New Oriental Education & Technology Group during the fourth quarter valued at about $59,000. Institutional investors own 67.55% of the company’s stock.

New Oriental Education & Technology Group Price Performance

Shares of New Oriental Education & Technology Group stock opened at $35.47 on Thursday. The company’s fifty day moving average price is $41.27 and its two-hundred day moving average price is $32.62. New Oriental Education & Technology Group has a 52-week low of $9.29 and a 52-week high of $46.63.

New Oriental Education & Technology Group (NYSE:EDU – Get Rating) last posted its earnings results on Tuesday, January 17th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.12). New Oriental Education & Technology Group had a negative return on equity of 6.32% and a negative net margin of 9.72%. The firm had revenue of $638.20 million during the quarter, compared to the consensus estimate of $614.16 million. During the same period in the previous year, the company posted $1.00 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, research analysts anticipate that New Oriental Education & Technology Group will post 0.68 EPS for the current year.

About New Oriental Education & Technology Group

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New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Others.