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

Shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) have earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $66.24.

Several equities research analysts have commented on EDU shares. Weiss Ratings reiterated a “hold (c)” rating on shares of New Oriental Education & Technology Group in a research report on Tuesday. New Street Research set a $65.00 price objective on shares of New Oriental Education & Technology Group in a research report on Thursday, June 11th. The Goldman Sachs Group raised shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $67.00 to $65.00 in a research note on Thursday, June 11th. Finally, Zacks Research downgraded shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th.

Institutional Investors Weigh In On New Oriental Education & Technology Group

Large investors have recently modified their holdings of the stock. Invesco Ltd. raised its position in shares of New Oriental Education & Technology Group by 5,697.3% during the fourth quarter. Invesco Ltd. now owns 4,610,905 shares of the company’s stock worth $253,738,000 after purchasing an additional 4,531,370 shares during the period. Discerene Group LP increased its stake in New Oriental Education & Technology Group by 23.7% in the 4th quarter. Discerene Group LP now owns 1,955,430 shares of the company’s stock worth $107,607,000 after purchasing an additional 374,916 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in New Oriental Education & Technology Group during the 4th quarter worth about $86,526,000. Orbis Allan Gray Ltd lifted its stake in New Oriental Education & Technology Group by 40.2% during the fourth quarter. Orbis Allan Gray Ltd now owns 837,551 shares of the company’s stock valued at $46,090,000 after buying an additional 240,053 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in New Oriental Education & Technology Group by 13,865.2% during the fourth quarter. Federated Hermes Inc. now owns 742,249 shares of the company’s stock valued at $40,846,000 after buying an additional 736,934 shares in the last quarter.

New Oriental Education & Technology Group Stock Performance

Shares of NYSE EDU opened at $49.30 on Friday. New Oriental Education & Technology Group has a 1 year low of $41.62 and a 1 year high of $64.97. The firm has a market cap of $7.79 billion, a P/E ratio of 18.89, a PEG ratio of 0.69 and a beta of 0.19. The stock has a fifty day moving average price of $47.29 and a two-hundred day moving average price of $53.23.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $0.10 EPS for the quarter. New Oriental Education & Technology Group had a return on equity of 11.67% and a net margin of 7.82%.The company had revenue of $1.42 billion for the quarter. On average, research analysts predict that New Oriental Education & Technology Group will post 3.14 earnings per share for the current fiscal year.

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.