New Oriental Education & Technology Group, Inc. (NYSE:EDU) Receives Average Recommendation of “Hold” from Analysts

Shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) have earned an average rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $59.5333.

A number of research firms recently commented on EDU. Citigroup decreased their target price on New Oriental Education & Technology Group from $77.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, September 9th. Bank of America lifted their price objective on shares of New Oriental Education & Technology Group from $56.20 to $58.20 and gave the company a “buy” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. upped their price objective on shares of New Oriental Education & Technology Group from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Zacks Research cut shares of New Oriental Education & Technology Group from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $60.00 target price on shares of New Oriental Education & Technology Group in a research report on Wednesday, October 29th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EDU. TD Waterhouse Canada Inc. lifted its holdings in New Oriental Education & Technology Group by 2.5% in the third quarter. TD Waterhouse Canada Inc. now owns 9,108 shares of the company’s stock valued at $485,000 after acquiring an additional 218 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of New Oriental Education & Technology Group by 2.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 12,922 shares of the company’s stock valued at $686,000 after purchasing an additional 300 shares in the last quarter. KBC Group NV lifted its stake in shares of New Oriental Education & Technology Group by 11.3% in the 2nd quarter. KBC Group NV now owns 4,474 shares of the company’s stock valued at $241,000 after purchasing an additional 454 shares during the period. Caitong International Asset Management Co. Ltd grew its position in New Oriental Education & Technology Group by 7,314.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock valued at $28,000 after buying an additional 512 shares during the period. Finally, Fox Run Management L.L.C. boosted its stake in shares of New Oriental Education & Technology Group by 5.7% during the 3rd quarter. Fox Run Management L.L.C. now owns 10,548 shares of the company’s stock worth $560,000 after acquiring an additional 573 shares in the last quarter.

New Oriental Education & Technology Group Stock Performance

New Oriental Education & Technology Group stock opened at $53.93 on Friday. The business’s 50-day simple moving average is $54.70 and its two-hundred day simple moving average is $51.19. The company has a market cap of $8.52 billion, a PE ratio of 23.76, a PEG ratio of 1.24 and a beta of 0.32. New Oriental Education & Technology Group has a fifty-two week low of $40.66 and a fifty-two week high of $64.38.

New Oriental Education & Technology Group Announces Dividend

The business also recently disclosed a special dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. New Oriental Education & Technology Group’s payout ratio is 25.55%.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.