New Oriental Education & Technology Group (NYSE:EDU) Price Target Raised to $58.20 at Bank of America

New Oriental Education & Technology Group (NYSE:EDU) had its price target increased by Bank of America from $56.20 to $58.20 in a report issued on Monday,Benzinga reports. Bank of America currently has a buy rating on the stock.

EDU has been the subject of a number of other research reports. The Goldman Sachs Group cut New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $58.00 to $50.00 in a research note on Wednesday, August 6th. JPMorgan Chase & Co. upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $48.00 to $62.00 in a research note on Tuesday, June 24th. Citigroup cut their price objective on shares of New Oriental Education & Technology Group from $77.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, September 9th. Hsbc Global Res raised shares of New Oriental Education & Technology Group to a “hold” rating in a report on Wednesday, July 30th. Finally, HSBC cut shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $56.87.

New Oriental Education & Technology Group Price Performance

NYSE:EDU opened at $53.62 on Monday. New Oriental Education & Technology Group has a one year low of $40.66 and a one year high of $87.26. The company’s 50-day simple moving average is $48.75 and its 200 day simple moving average is $48.35.

New Oriental Education & Technology Group (NYSE:EDU) last released its earnings results on Wednesday, July 30th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.37. New Oriental Education & Technology Group had a net margin of 7.59% and a return on equity of 11.32%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the business earned $0.22 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. New Oriental Education & Technology Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities research analysts anticipate that New Oriental Education & Technology Group will post 2.75 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. bought a new stake in New Oriental Education & Technology Group in the 2nd quarter worth approximately $37,000. Hantz Financial Services Inc. boosted its stake in shares of New Oriental Education & Technology Group by 738.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 905 shares of the company’s stock worth $49,000 after buying an additional 797 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of New Oriental Education & Technology Group in the first quarter worth $54,000. Brooklyn Investment Group increased its position in New Oriental Education & Technology Group by 3,700.0% during the first quarter. Brooklyn Investment Group now owns 1,330 shares of the company’s stock valued at $64,000 after acquiring an additional 1,295 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in New Oriental Education & Technology Group in the first quarter valued at about $72,000.

About New Oriental Education & Technology Group

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.