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New Oriental Education & Tech Grp (NYSE:EDU) was downgraded by equities research analysts at TheStreet to a “hold” rating in a research note issued to investors on Tuesday.

EDU has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of New Oriental Education & Tech Grp from a “neutral” rating to an “underperform” rating in a research note on Friday, July 25th. They now have a $18.40 price target on the stock. Separately, 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, July 24th. They now have a $22.00 price target on the stock, down previously from $36.50. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of New Oriental Education & Tech Grp in a research note on Wednesday, July 23rd. They now have a $34.00 price target on the stock, down previously from $40.00. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.93.

New Oriental Education & Tech Grp (NYSE:EDU) traded up 4.66% during mid-day trading on Tuesday, hitting $20.4501. The stock had a trading volume of 2,119,632 shares. New Oriental Education & Tech Grp has a 52-week low of $18.74 and a 52-week high of $34.50. The stock’s 50-day moving average is $23.08 and its 200-day moving average is $26.28. The company has a market cap of $3.208 billion and a P/E ratio of 14.26.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis.

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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