New Oriental Education & Tech Grp (EDU) PT Raised to $72.00

New Oriental Education & Tech Grp (NYSE:EDU) had its price objective hoisted by JPMorgan Chase & Co. from $70.00 to $72.00 in a research note issued on Wednesday. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential downside of 23.74% from the stock’s previous close.

A number of other research analysts also recently commented on the company. CLSA raised New Oriental Education & Tech Grp from an “underperform” rating to an “outperform” rating in a report on Wednesday, December 20th. Zacks Investment Research downgraded New Oriental Education & Tech Grp from a “hold” rating to a “sell” rating in a report on Monday, November 27th. Deutsche Bank initiated coverage on New Oriental Education & Tech Grp in a report on Thursday, January 4th. They set a “buy” rating and a $116.00 target price on the stock. Jefferies Group reaffirmed a “buy” rating and set a $109.00 target price on shares of New Oriental Education & Tech Grp in a report on Thursday, October 26th. Finally, Vetr downgraded New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating and set a $94.84 target price on the stock. in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $98.95.

Shares of New Oriental Education & Tech Grp (EDU) traded up $2.41 on Wednesday, reaching $94.41. The company had a trading volume of 2,914,301 shares, compared to its average volume of 1,760,000. The stock has a market capitalization of $14,930.00, a P/E ratio of 51.31, a P/E/G ratio of 1.52 and a beta of 1.31. New Oriental Education & Tech Grp has a 1 year low of $46.35 and a 1 year high of $108.40.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $0.09 EPS 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 analysts’ expectations of $456.93 million. During the same period in the prior year, the company posted $0.08 EPS. The company’s revenue for the quarter was up 36.9% on a year-over-year basis. equities research analysts expect that New Oriental Education & Tech Grp will post 1.91 EPS for the current year.

Several institutional investors have recently made changes to their positions in EDU. PNC Financial Services Group Inc. raised its position in shares of New Oriental Education & Tech Grp by 2.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock worth $107,000 after purchasing an additional 35 shares during the period. Advisor Group Inc. raised its position in shares of New Oriental Education & Tech Grp by 182.5% during the 2nd quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock worth $123,000 after purchasing an additional 1,126 shares during the period. Envestnet Asset Management Inc. raised its position in shares of New Oriental Education & Tech Grp by 88.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,628 shares of the company’s stock worth $144,000 after purchasing an additional 766 shares during the period. Stevens Capital Management LP acquired a new stake in shares of New Oriental Education & Tech Grp during the 2nd quarter worth approximately $207,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of New Oriental Education & Tech Grp during the 3rd quarter worth approximately $227,000. Institutional investors and hedge funds 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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