New Oriental Education & Technology Group Inc. (NYSE:EDU) Receives Average Rating of “Hold” from Analysts

New Oriental Education & Technology Group Inc. (NYSE:EDU) has received a consensus rating of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $61.20.

A number of research analysts have commented on the stock. Morgan Stanley lowered shares of New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $83.00 to $52.00 in a research note on Wednesday, January 22nd. StockNews.com lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Thursday. Macquarie downgraded shares of New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and lowered their target price for the company from $79.00 to $44.00 in a report on Wednesday, January 22nd. JPMorgan Chase & Co. downgraded shares of New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $85.00 to $50.00 in a report on Wednesday, January 22nd. Finally, Citigroup downgraded shares of New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $83.00 to $50.00 in a report on Friday, January 24th.

New Oriental Education & Technology Group Stock Performance

NYSE EDU opened at $47.22 on Thursday. The firm has a market cap of $8.01 billion, a PE ratio of 20.09 and a beta of 0.47. New Oriental Education & Technology Group has a one year low of $44.46 and a one year high of $95.88. The firm’s fifty day moving average is $52.79 and its two-hundred day moving average is $59.86.

Institutional Trading of New Oriental Education & Technology Group

A number of institutional investors have recently added to or reduced their stakes in EDU. GeoWealth Management LLC boosted its holdings in 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 buying an additional 318 shares in the last quarter. Westpac Banking Corp purchased a new stake in New Oriental Education & Technology Group during the fourth quarter worth about $45,000. SBI Securities Co. Ltd. purchased a new stake in New Oriental Education & Technology Group during the fourth quarter worth about $51,000. Natixis boosted its holdings in New Oriental Education & Technology Group by 39.2% during the fourth quarter. Natixis now owns 881 shares of the company’s stock worth $57,000 after buying an additional 248 shares in the last quarter. Finally, BNP Paribas purchased a new stake in New Oriental Education & Technology Group during the fourth quarter worth about $113,000.

New Oriental Education & Technology Group Company Profile

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.