Citigroup Raises New Oriental Education & Technology Group (NYSE:EDU) Price Target to $127.00

New Oriental Education & Technology Group (NYSE:EDU) had its price target increased by Citigroup from $66.00 to $127.00 in a report published on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

EDU has been the subject of a number of other research reports. StockNews.com downgraded shares of New Oriental Education & Technology Group from a buy rating to a hold rating in a research note on Thursday, January 4th. Morgan Stanley boosted their target price on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an overweight rating in a report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $97.67.

New Oriental Education & Technology Group Stock Up 4.5 %

Shares of NYSE:EDU opened at $83.26 on Thursday. The business has a fifty day simple moving average of $89.12 and a 200-day simple moving average of $79.20. New Oriental Education & Technology Group has a 52 week low of $35.70 and a 52 week high of $98.20. The company has a market cap of $14.13 billion, a P/E ratio of 44.76 and a beta of 0.49.

Hedge Funds Weigh In On New Oriental Education & Technology Group

Several hedge funds and other institutional investors have recently made changes to their positions in EDU. Claro Advisors LLC raised its position in New Oriental Education & Technology Group by 5.3% in the first quarter. Claro Advisors LLC now owns 3,797 shares of the company’s stock valued at $330,000 after purchasing an additional 191 shares during the period. Profund Advisors LLC lifted its position in New Oriental Education & Technology Group by 2.6% during the 3rd quarter. Profund Advisors LLC now owns 17,541 shares of the company’s stock worth $1,027,000 after acquiring an additional 451 shares in the last quarter. Assetmark Inc. boosted its holdings in New Oriental Education & Technology Group by 1,642.9% in the 4th quarter. Assetmark Inc. now owns 610 shares of the company’s stock worth $45,000 after acquiring an additional 575 shares during the period. Deutsche Bank AG grew its position in New Oriental Education & Technology Group by 2.8% in the third quarter. Deutsche Bank AG now owns 22,572 shares of the company’s stock valued at $1,322,000 after acquiring an additional 605 shares in the last quarter. Finally, Dfpg Investments LLC raised its stake in shares of New Oriental Education & Technology Group by 7.3% during the fourth quarter. Dfpg Investments LLC now owns 11,674 shares of the company’s stock valued at $852,000 after purchasing an additional 793 shares during the period.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.