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

New Oriental Education & Technology Group, Inc. (NYSE:EDU) has been assigned a consensus rating of “Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $65.84.

EDU has been the topic of several recent analyst reports. New Street Research set a $68.00 price objective on shares of New Oriental Education & Technology Group in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of New Oriental Education & Technology Group in a research note on Monday, December 29th. China Renaissance upgraded New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 29th. Zacks Research raised New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, HSBC raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th.

New Oriental Education & Technology Group Trading Down 3.3%

NYSE EDU opened at $54.97 on Monday. New Oriental Education & Technology Group has a 12 month low of $40.66 and a 12 month high of $64.97. The stock has a 50 day moving average of $57.29 and a 200-day moving average of $55.43. The company has a market cap of $8.69 billion, a PE ratio of 23.29, a PEG ratio of 0.94 and a beta of 0.28.

New Oriental Education & Technology Group (NYSE:EDU) last issued its earnings results on Wednesday, January 28th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. New Oriental Education & Technology Group had a net margin of 7.40% and a return on equity of 11.19%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 earnings per share. As a group, sell-side analysts predict that New Oriental Education & Technology Group will post 2.75 EPS for the current fiscal year.

Hedge Funds Weigh In On New Oriental Education & Technology Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. raised its position in shares of New Oriental Education & Technology Group by 2.5% in the third quarter. TD Waterhouse Canada Inc. now owns 9,108 shares of the company’s stock valued at $485,000 after purchasing an additional 218 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of New Oriental Education & Technology Group by 2.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 12,922 shares of the company’s stock worth $686,000 after buying an additional 300 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of New Oriental Education & Technology Group by 10.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,372 shares of the company’s stock worth $186,000 after buying an additional 324 shares during the period. Vident Advisory LLC grew its stake in New Oriental Education & Technology Group by 8.2% in the 4th quarter. Vident Advisory LLC now owns 5,939 shares of the company’s stock valued at $327,000 after buying an additional 449 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in New Oriental Education & Technology Group by 11.5% in the 4th quarter. Ieq Capital LLC now owns 4,760 shares of the company’s stock valued at $262,000 after acquiring an additional 492 shares during the period.

New Oriental Education & Technology Group Company Profile

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.