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

Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) have been given a consensus recommendation of “Reduce” by the five ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $48.50.

EDU has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of New Oriental Education & Technology Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Wall Street Zen upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research report on Monday, May 5th. Finally, China Renaissance downgraded shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Monday, March 24th.

Institutional Trading of New Oriental Education & Technology Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GeoWealth Management LLC raised its stake in shares of New Oriental Education & Technology Group by 258.5% during the fourth quarter. GeoWealth Management LLC now owns 441 shares of the company’s stock worth $28,000 after acquiring an additional 318 shares in the last quarter. Westpac Banking Corp bought a new position in shares of New Oriental Education & Technology Group during the 4th quarter valued at $45,000. SBI Securities Co. Ltd. purchased a new position in New Oriental Education & Technology Group in the 4th quarter worth $51,000. Banque Cantonale Vaudoise bought a new stake in New Oriental Education & Technology Group in the first quarter worth $54,000. Finally, Natixis lifted its stake in New Oriental Education & Technology Group by 39.2% in the fourth quarter. Natixis now owns 881 shares of the company’s stock worth $57,000 after purchasing an additional 248 shares during the last quarter.

New Oriental Education & Technology Group Stock Performance

NYSE:EDU opened at $45.71 on Tuesday. New Oriental Education & Technology Group has a 52-week low of $40.66 and a 52-week high of $87.26. The stock has a fifty day moving average of $46.54 and a 200 day moving average of $52.21. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 19.45 and a beta of 0.25.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results 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). New Oriental Education & Technology Group had a net margin of 8.13% and a return on equity of 9.48%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the business earned $0.63 EPS. The business’s revenue was down 2.0% on a year-over-year basis. Equities analysts forecast that New Oriental Education & Technology Group will post 2.75 earnings per share for the current fiscal year.

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.