Benchmark Increases New Oriental Education & Tech Grp (EDU) Price Target to $105.00

New Oriental Education & Tech Grp (NYSE:EDU) had its target price raised by stock analysts at Benchmark from $100.00 to $105.00 in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Benchmark’s price target would indicate a potential upside of 11.22% from the company’s current price.

EDU has been the topic of a number of other reports. Zacks Investment Research raised shares of New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Tuesday, September 26th. Vetr lowered shares of New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating and set a $94.84 price objective on the stock. in a research note on Wednesday, October 4th. CLSA lowered shares of New Oriental Education & Tech Grp from an “outperform” rating to an “underperform” rating in a research note on Tuesday, October 24th. Deutsche Bank began coverage on shares of New Oriental Education & Tech Grp in a research note on Thursday, January 4th. They issued a “buy” rating and a $116.00 price objective on the stock. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $109.00 price objective on shares of New Oriental Education & Tech Grp in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $98.95.

New Oriental Education & Tech Grp (EDU) traded up $2.41 during trading on Wednesday, hitting $94.41. 2,914,301 shares of the company’s stock were exchanged, compared to its average volume of 1,830,000. New Oriental Education & Tech Grp has a 12-month low of $46.35 and a 12-month high of $108.40. The company has a market capitalization of $14,930.00, a price-to-earnings ratio of 51.31, a price-to-earnings-growth ratio of 1.52 and a beta of 1.31.

New Oriental Education & Tech Grp (NYSE:EDU) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). New Oriental Education & Tech Grp had a net margin of 13.92% and a return on equity of 16.19%. The business had revenue of $467.20 million during the quarter, compared to the consensus estimate of $456.93 million. During the same period last year, the business posted $0.08 earnings per share. The firm’s quarterly revenue was up 36.9% on a year-over-year basis. analysts predict that New Oriental Education & Tech Grp will post 1.91 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Greenwoods Asset Management Ltd raised its holdings in shares of New Oriental Education & Tech Grp by 35.8% in the third quarter. Greenwoods Asset Management Ltd now owns 3,863,060 shares of the company’s stock valued at $340,954,000 after purchasing an additional 1,017,400 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of New Oriental Education & Tech Grp by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 3,396,790 shares of the company’s stock valued at $299,804,000 after purchasing an additional 19,301 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of New Oriental Education & Tech Grp by 18.9% in the second quarter. Goldman Sachs Group Inc. now owns 2,333,593 shares of the company’s stock valued at $164,495,000 after purchasing an additional 370,597 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of New Oriental Education & Tech Grp by 769.8% in the third quarter. JPMorgan Chase & Co. now owns 2,017,034 shares of the company’s stock valued at $176,955,000 after purchasing an additional 1,785,142 shares during the last quarter. Finally, Tairen Capital Ltd raised its holdings in shares of New Oriental Education & Tech Grp by 8.3% in the second quarter. Tairen Capital Ltd now owns 1,890,988 shares of the company’s stock valued at $133,296,000 after purchasing an additional 145,192 shares during the last quarter. Institutional investors own 77.15% of the company’s stock.

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About New Oriental Education & Tech Grp

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 & Tech Grp (NYSE:EDU)

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