New Oriental Education & Technology Group, Inc. (NYSE:EDU) had its target price raised by equities research analysts at Benchmark Co. from $94.00 to $100.00 in a note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Benchmark Co.’s target price points to a potential upside of 11.26% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Tuesday, September 26th. Bank of America Corporation raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Monday, September 25th. BidaskClub downgraded New Oriental Education & Technology Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $74.80 price objective on shares of New Oriental Education & Technology Group in a research report on Friday, July 14th. Finally, UBS AG initiated coverage on New Oriental Education & Technology Group in a research report on Tuesday, August 1st. They issued a “buy” rating and a $96.75 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $86.34.

Shares of New Oriental Education & Technology Group (NYSE EDU) opened at 89.88 on Friday. The company has a 50-day moving average price of $85.19 and a 200-day moving average price of $74.34. New Oriental Education & Technology Group has a 52 week low of $37.16 and a 52 week high of $94.30. The stock has a market cap of $14.21 billion, a price-to-earnings ratio of 51.66 and a beta of 1.33.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data 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 business had revenue of $486.40 million during the quarter, compared to the consensus estimate of $477.81 million. New Oriental Education & Technology Group had a net margin of 15.25% and a return on equity of 17.02%. The business’s revenue was up 23.2% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. Equities analysts anticipate that New Oriental Education & Technology Group will post $2.38 EPS for the current year.

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Several institutional investors and hedge funds have recently bought and sold shares of EDU. BlackRock Inc. grew its position in shares of New Oriental Education & Technology Group by 5,434.7% during the 1st quarter. BlackRock Inc. now owns 6,286,645 shares of the company’s stock worth $379,587,000 after buying an additional 6,173,060 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of New Oriental Education & Technology Group by 633.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,377,489 shares of the company’s stock worth $238,074,000 after buying an additional 2,917,183 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in shares of New Oriental Education & Technology Group by 130.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,854,260 shares of the company’s stock worth $342,177,000 after buying an additional 2,747,727 shares in the last quarter. Greenwoods Asset Management Ltd grew its position in shares of New Oriental Education & Technology Group by 39.8% during the 2nd quarter. Greenwoods Asset Management Ltd now owns 2,845,660 shares of the company’s stock worth $200,591,000 after buying an additional 809,660 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. bought a new position in shares of New Oriental Education & Technology Group during the 1st quarter worth $44,198,000. 76.38% of the stock is currently owned by institutional investors and hedge funds.

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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