New Oriental Education & Technology Group, Inc. (NYSE:EDU) Receives Average Rating of “Moderate Buy” from Brokerages

New Oriental Education & Technology Group, Inc. (NYSE:EDU) has been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $65.84.

Several equities analysts have recently issued reports on the company. Zacks Research cut New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings cut New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th.

New Oriental Education & Technology Group Stock Performance

Shares of EDU stock opened at $45.85 on Friday. New Oriental Education & Technology Group has a 1 year low of $41.62 and a 1 year high of $64.97. The stock has a market cap of $7.25 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 0.64 and a beta of 0.17. The business’s fifty day moving average is $52.78 and its 200-day moving average is $54.81.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings results on Tuesday, April 14th. The company reported $0.10 earnings per share (EPS) for the quarter. New Oriental Education & Technology Group had a return on equity of 11.67% and a net margin of 7.82%.The company had revenue of $1.42 billion for the quarter. Equities research analysts predict that New Oriental Education & Technology Group will post 3.19 earnings per share for the current year.

Hedge Funds Weigh In On New Oriental Education & Technology Group

A number of hedge funds have recently modified their holdings of EDU. Caitong International Asset Management Co. Ltd grew its holdings in shares of New Oriental Education & Technology Group by 7,314.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock worth $28,000 after acquiring an additional 512 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of New Oriental Education & Technology Group by 106.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock worth $31,000 after acquiring an additional 279 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of New Oriental Education & Technology Group in the 4th quarter worth $72,000. Raymond James Financial Inc. acquired a new position in shares of New Oriental Education & Technology Group in the 2nd quarter worth $111,000. Finally, Leonteq Securities AG acquired a new position in shares of New Oriental Education & Technology Group in the 4th quarter worth $155,000.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group (NYSE: EDU) is one of China’s leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company’s offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental’s curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources.

Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.