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

Shares of New Oriental Education & Technology Group Inc. (NYSE:EDUGet Rating) have received an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $87.00.

A number of brokerages have recently commented on EDU. Zacks Investment Research cut shares of New Oriental Education & Technology Group from a “hold” rating to a “sell” rating in a report on Monday, May 9th. StockNews.com upgraded shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Daiwa Capital Markets upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a report on Wednesday, March 9th. JPMorgan Chase & Co. upgraded shares of New Oriental Education & Technology Group from an “underweight” rating to a “neutral” rating in a report on Monday, May 2nd. Finally, CLSA upgraded shares of New Oriental Education & Technology Group from an “underperform” rating to an “outperform” rating in a report on Wednesday, April 27th.

Several institutional investors and hedge funds have recently bought and sold shares of EDU. Wellington Management Group LLP raised its position in New Oriental Education & Technology Group by 11.4% in the 1st quarter. Wellington Management Group LLP now owns 9,078,131 shares of the company’s stock worth $10,441,000 after buying an additional 932,613 shares during the last quarter. Invesco Ltd. raised its position in New Oriental Education & Technology Group by 40.8% in the 1st quarter. Invesco Ltd. now owns 3,539,420 shares of the company’s stock worth $4,070,000 after buying an additional 1,026,448 shares during the last quarter. Renaissance Technologies LLC raised its position in New Oriental Education & Technology Group by 130.8% in the 1st quarter. Renaissance Technologies LLC now owns 37,490,100 shares of the company’s stock worth $43,114,000 after buying an additional 21,246,644 shares during the last quarter. Verition Fund Management LLC raised its position in New Oriental Education & Technology Group by 158.8% in the 1st quarter. Verition Fund Management LLC now owns 5,000,000 shares of the company’s stock worth $5,750,000 after buying an additional 3,067,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in New Oriental Education & Technology Group by 4.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,865,913 shares of the company’s stock worth $2,146,000 after buying an additional 77,679 shares during the last quarter.

NYSE:EDU opened at $11.09 on Tuesday. The stock has a market cap of $1.88 billion, a P/E ratio of 5.49 and a beta of 0.80. The firm’s fifty day simple moving average is $11.56 and its 200 day simple moving average is $16.02. New Oriental Education & Technology Group has a twelve month low of $8.40 and a twelve month high of $125.10.

New Oriental Education & Technology Group (NYSE:EDUGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of $0.71 by ($1.44). The company had revenue of $614.09 million for the quarter, compared to analyst estimates of $642.75 million. Analysts predict that New Oriental Education & Technology Group will post 1.79 earnings per share for the current fiscal year.

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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Analyst Recommendations for New Oriental Education & Technology Group (NYSE:EDU)

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