New Oriental Education & Tech Grp (EDU) Receives Consensus Rating of “Buy” from Brokerages

Shares of New Oriental Education & Tech Grp (NYSE:EDU) have been assigned an average recommendation of “Buy” from the nine research firms that are covering the stock. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $55.83.

Several equities analysts have issued reports on EDU shares. Zacks Investment Research lowered New Oriental Education & Tech Grp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 29th. Bank of America Corp started coverage on New Oriental Education & Tech Grp in a research note on Tuesday, January 24th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. upgraded New Oriental Education & Tech Grp from a “neutral” rating to an “overweight” rating and set a $62.00 target price on the stock in a research note on Wednesday, January 18th. Nomura upgraded New Oriental Education & Tech Grp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $46.00 to $58.00 in a research note on Friday, January 6th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $60.00 price target on shares of New Oriental Education & Tech Grp in a report on Tuesday, December 6th.

A number of large investors have recently modified their holdings of the company. Creative Planning increased its stake in shares of New Oriental Education & Tech Grp by 56.7% in the third quarter. Creative Planning now owns 2,956 shares of the company’s stock valued at $137,000 after buying an additional 1,069 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of New Oriental Education & Tech Grp by 40.1% in the third quarter. PNC Financial Services Group Inc. now owns 3,237 shares of the company’s stock valued at $149,000 after buying an additional 926 shares in the last quarter. Dumac Inc. acquired a new stake in shares of New Oriental Education & Tech Grp during the fourth quarter valued at $173,000. Oxford Asset Management acquired a new stake in shares of New Oriental Education & Tech Grp during the fourth quarter valued at $258,000. Finally, Eqis Capital Management Inc. acquired a new stake in shares of New Oriental Education & Tech Grp during the third quarter valued at $313,000. 76.14% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “New Oriental Education & Tech Grp (EDU) Receives Consensus Rating of “Buy” from Brokerages” was reported by Mideast Time and is owned by of Mideast Time. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.mideasttime.com/new-oriental-education-tech-grp-edu-receives-consensus-rating-of-buy-from-brokerages/1589476.html.

New Oriental Education & Tech Grp (NYSE:EDU) traded down 0.90% during midday trading on Monday, reaching $58.42. 543,403 shares of the company traded hands. The stock has a market capitalization of $9.20 billion, a P/E ratio of 38.16 and a beta of 1.29. New Oriental Education & Tech Grp has a 1-year low of $33.47 and a 1-year high of $59.84. The firm has a 50-day moving average of $51.36 and a 200-day moving average of $48.15.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its earnings results on Tuesday, January 17th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.01. New Oriental Education & Tech Grp had a net margin of 14.96% and a return on equity of 16.46%. The company earned $341.20 million during the quarter, compared to analysts’ expectations of $330.98 million. During the same quarter last year, the firm earned $0.04 EPS. New Oriental Education & Tech Grp’s revenue for the quarter was up 22.7% on a year-over-year basis. On average, analysts predict that New Oriental Education & Tech Grp will post $1.76 earnings per share for the current year.

New Oriental Education & Tech Grp 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.

5 Day Chart for NYSE:EDU

Receive News & Ratings for New Oriental Education & Tech Grp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Oriental Education & Tech Grp and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.