New Oriental Education & Technology Group (NYSE:EDU) Raised to “Neutral” at JPMorgan Chase & Co.

New Oriental Education & Technology Group (NYSE:EDU – Get Rating) was upgraded by stock analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued on Monday, The Fly reports.

EDU has been the subject of several other research reports. Daiwa Capital Markets raised shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a report on Wednesday, March 9th. CLSA raised shares of New Oriental Education & Technology Group from an “underperform” rating to an “outperform” rating in a report on Wednesday, April 27th. Zacks Investment Research raised shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a report on Monday, March 14th. Finally, StockNews.com started coverage on shares of New Oriental Education & Technology Group in a research report on Thursday, March 31st. They set a “sell” rating on the stock. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, New Oriental Education & Technology Group currently has a consensus rating of “Hold” and a consensus price target of $134.00.

Shares of New Oriental Education & Technology Group stock opened at $12.87 on Monday. The company has a market capitalization of $2.18 billion, a P/E ratio of 6.21 and a beta of 0.95. The company has a fifty day moving average of $12.00 and a 200 day moving average of $16.77. New Oriental Education & Technology Group has a fifty-two week low of $8.40 and a fifty-two week high of $153.40.

Several large investors have recently modified their holdings of the company. Morgan Stanley increased its position in shares of New Oriental Education & Technology Group by 196.3% during the third quarter. Morgan Stanley now owns 54,714,708 shares of the company’s stock worth $112,165,000 after acquiring an additional 36,248,561 shares during the period. Bank of America Corp DE increased its position in shares of New Oriental Education & Technology Group by 37.9% during the fourth quarter. Bank of America Corp DE now owns 41,241,407 shares of the company’s stock worth $86,606,000 after acquiring an additional 11,340,959 shares during the period. Carmignac Gestion increased its position in shares of New Oriental Education & Technology Group by 294.9% during the third quarter. Carmignac Gestion now owns 39,165,819 shares of the company’s stock worth $80,212,000 after acquiring an additional 29,247,393 shares during the period. National Bank of Canada FI purchased a new position in shares of New Oriental Education & Technology Group during the fourth quarter worth approximately $74,058,000. Finally, Two Sigma Investments LP increased its position in shares of New Oriental Education & Technology Group by 626.4% during the third quarter. Two Sigma Investments LP now owns 30,108,015 shares of the company’s stock worth $61,721,000 after acquiring an additional 25,962,977 shares during the period.

About New Oriental Education & Technology Group (Get Rating)

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through K-12 AST, Test Preparation and Other Courses; Online Education; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English.

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