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New Oriental Education & Tech Grp (NYSE:EDU) hit a new 52-week low on Thursday , American Banking & Market News reports. The company traded as low as $18.88 and last traded at $19.50, with a volume of 3,596,420 shares changing hands. The stock had previously closed at $20.53.

A number of research firms have recently commented on EDU. Analysts at Macquarie downgraded shares of New Oriental Education & Tech Grp from an “outperform” rating to a “neutral” rating in a research note on Thursday. They now have a $22.00 price target on the stock, down previously from $36.50. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of New Oriental Education & Tech Grp in a research note on Wednesday. They now have a $34.00 price target on the stock, down previously from $40.00. Finally, analysts at Oppenheimer downgraded shares of New Oriental Education & Tech Grp from an “outperform” rating to a “market perform” rating in a research note on Wednesday. They now have a $32.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $28.95.

The stock’s 50-day moving average is $25.48 and its 200-day moving average is $27.45. The company has a market cap of $3.042 billion and a P/E ratio of 14.99.

New Oriental Education & Tech Grp (NYSE:EDU) last announced its earnings results on Tuesday, July 22nd. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.06. The company had revenue of $287.50 million for the quarter, compared to the consensus estimate of $281.58 million. During the same quarter last year, the company posted $0.18 earnings per share. New Oriental Education & Tech Grp’s revenue was up 20.0% compared to the same quarter last year. On average, analysts predict that New Oriental Education & Tech Grp will post $1.34 earnings per share for the current fiscal year.

New Oriental Education & Technology Group Inc is a provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence.

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