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

New Oriental Education & Technology Group Inc. (NYSE:EDU) has earned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $60.80.

A number of equities analysts recently issued reports on EDU shares. China Renaissance downgraded shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Wall Street Zen raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their price target on shares of New Oriental Education & Technology Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, April 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Siren L.L.C. grew its stake in shares of New Oriental Education & Technology Group by 16.1% during the 1st quarter. Siren L.L.C. now owns 79,500 shares of the company’s stock valued at $3,801,000 after purchasing an additional 11,000 shares during the period. First Beijing Investment Ltd boosted its holdings in shares of New Oriental Education & Technology Group by 1,997.8% in the first quarter. First Beijing Investment Ltd now owns 5,456,378 shares of the company’s stock worth $260,869,000 after buying an additional 5,196,281 shares during the last quarter. Serenity Capital Management PTE. LTD. grew its position in New Oriental Education & Technology Group by 635.4% during the first quarter. Serenity Capital Management PTE. LTD. now owns 245,498 shares of the company’s stock valued at $11,737,000 after buying an additional 212,116 shares during the period. Yiheng Capital Management L.P. grew its position in New Oriental Education & Technology Group by 15.4% during the first quarter. Yiheng Capital Management L.P. now owns 598,080 shares of the company’s stock valued at $28,594,000 after buying an additional 79,766 shares during the period. Finally, Trexquant Investment LP purchased a new stake in New Oriental Education & Technology Group during the first quarter valued at approximately $682,000.

New Oriental Education & Technology Group Stock Down 1.0%

Shares of NYSE:EDU opened at $46.47 on Tuesday. The stock has a market cap of $7.89 billion, a PE ratio of 19.77 and a beta of 0.25. The company’s fifty day moving average is $46.67 and its 200 day moving average is $52.54. New Oriental Education & Technology Group has a 52 week low of $40.66 and a 52 week high of $87.26.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.06). The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.24 billion. New Oriental Education & Technology Group had a net margin of 8.13% and a return on equity of 9.48%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 EPS. Sell-side analysts anticipate that New Oriental Education & Technology Group will post 2.75 EPS for the current year.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.