New Oriental Education & Technology Group, Inc. (NYSE:EDU) Receives $65.84 Average PT from Analysts

New Oriental Education & Technology Group, Inc. (NYSE:EDU) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $66.24.

Several equities analysts have recently weighed in on EDU shares. The Goldman Sachs Group raised shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $67.00 to $65.00 in a research report on Thursday. Zacks Research lowered shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. New Street Research set a $65.00 price objective on shares of New Oriental Education & Technology Group in a research report on Thursday. Finally, Weiss Ratings lowered shares of New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th.

Hedge Funds Weigh In On New Oriental Education & Technology Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Amundi grew its stake in shares of New Oriental Education & Technology Group by 14.4% in the first quarter. Amundi now owns 507,774 shares of the company’s stock valued at $28,755,000 after acquiring an additional 63,845 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of New Oriental Education & Technology Group by 106.9% in the first quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock valued at $31,000 after acquiring an additional 279 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of New Oriental Education & Technology Group by 27.9% in the first quarter. Quantinno Capital Management LP now owns 48,862 shares of the company’s stock valued at $2,767,000 after acquiring an additional 10,669 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of New Oriental Education & Technology Group in the first quarter valued at about $18,528,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of New Oriental Education & Technology Group in the first quarter valued at about $209,000.

New Oriental Education & Technology Group Price Performance

Shares of EDU opened at $46.77 on Friday. The firm has a market capitalization of $7.39 billion, a PE ratio of 17.92, a PEG ratio of 0.63 and a beta of 0.17. The company’s 50-day moving average is $51.78 and its 200-day moving average is $54.57. New Oriental Education & Technology Group has a fifty-two week low of $41.62 and a fifty-two week high of $64.97.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings data on Tuesday, April 14th. The company reported $0.10 earnings per share for the quarter. The company had revenue of $1.42 billion for the quarter. New Oriental Education & Technology Group had a net margin of 7.82% and a return on equity of 11.67%. Analysts predict that New Oriental Education & Technology Group will post 3.19 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.