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

New Oriental Education & Technology Group, Inc. (NYSE:EDU) has earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $59.5333.

Several research analysts recently issued reports on EDU shares. Weiss Ratings reissued a “hold (c+)” rating on shares of New Oriental Education & Technology Group in a report on Monday, December 29th. JPMorgan Chase & Co. boosted their target price on New Oriental Education & Technology Group from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Zacks Research raised New Oriental Education & Technology Group from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. The Goldman Sachs Group reissued a “neutral” rating and issued a $60.00 price target on shares of New Oriental Education & Technology Group in a report on Wednesday, October 29th. Finally, Bank of America upped their price objective on New Oriental Education & Technology Group from $56.20 to $58.20 and gave the stock a “buy” rating in a report on Monday, September 29th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EDU. TD Waterhouse Canada Inc. boosted its position in New Oriental Education & Technology Group by 2.5% during the third quarter. TD Waterhouse Canada Inc. now owns 9,108 shares of the company’s stock worth $485,000 after purchasing an additional 218 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of New Oriental Education & Technology Group by 2.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 12,922 shares of the company’s stock valued at $686,000 after buying an additional 300 shares in the last quarter. KBC Group NV raised its stake in shares of New Oriental Education & Technology Group by 11.3% during the 2nd quarter. KBC Group NV now owns 4,474 shares of the company’s stock worth $241,000 after buying an additional 454 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of New Oriental Education & Technology Group by 7,314.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock worth $28,000 after buying an additional 512 shares in the last quarter. Finally, Fox Run Management L.L.C. boosted its position in shares of New Oriental Education & Technology Group by 5.7% in the 3rd quarter. Fox Run Management L.L.C. now owns 10,548 shares of the company’s stock worth $560,000 after buying an additional 573 shares in the last quarter.

New Oriental Education & Technology Group Stock Performance

Shares of New Oriental Education & Technology Group stock opened at $56.69 on Wednesday. New Oriental Education & Technology Group has a one year low of $40.66 and a one year high of $64.38. The company has a market cap of $8.96 billion, a P/E ratio of 24.97, a PEG ratio of 1.34 and a beta of 0.29. The firm has a fifty day moving average of $54.51 and a two-hundred day moving average of $52.26.

New Oriental Education & Technology Group Announces Dividend

The business also recently disclosed a special dividend, which was paid on Friday, December 5th. Investors of record on Tuesday, November 18th were paid a $0.60 dividend. The ex-dividend date was Tuesday, November 18th. New Oriental Education & Technology Group’s dividend payout ratio (DPR) is 25.55%.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group (NYSE: EDU) is one of China’s leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company’s offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental’s curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources.

Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.