4. QUALITY EDUCATION

JPMorgan Chase & Co. Upgrades New Oriental Education & Technology Group (NYSE:EDU) to Overweight – Defense World

Written by Amanda

New Oriental Education & Technology Group (NYSE:EDUGet Rating) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Monday, The Fly reports.

A number of other research firms have also commented on EDU. UBS Group upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a research report on Monday, June 6th. StockNews.com upgraded shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. Daiwa Capital Markets upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 9th. Finally, CLSA upgraded shares of New Oriental Education & Technology Group from an “underperform” rating to an “outperform” rating in a research report on Wednesday, April 27th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, New Oriental Education & Technology Group presently has an average rating of “Hold” and a consensus target price of $87.00.

Shares of NYSE:EDU opened at $16.21 on Monday. New Oriental Education & Technology Group has a twelve month low of $8.40 and a twelve month high of $99.30. The company has a 50-day moving average price of $11.93 and a two-hundred day moving average price of $14.81.

New Oriental Education & Technology Group (NYSE:EDUGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($1.44). The business had revenue of $614.09 million for the quarter, compared to analysts’ expectations of $642.75 million. Analysts predict that New Oriental Education & Technology Group will post 1.79 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. ProVise Management Group LLC purchased a new stake in New Oriental Education & Technology Group in the fourth quarter valued at approximately $26,000. Eaton Vance Management raised its stake in shares of New Oriental Education & Technology Group by 306.7% during the first quarter. Eaton Vance Management now owns 22,543 shares of the company’s stock worth $26,000 after acquiring an additional 17,000 shares in the last quarter. PDS Planning Inc purchased a new position in shares of New Oriental Education & Technology Group during the fourth quarter worth approximately $29,000. HighTower Advisors LLC purchased a new position in shares of New Oriental Education & Technology Group during the third quarter worth approximately $31,000. Finally, Icapital Wealth LLC purchased a new position in shares of New Oriental Education & Technology Group during the fourth quarter worth approximately $35,000.

New Oriental Education & Technology Group Company Profile (Get Rating)

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People’s Republic of China. It operates through K-12 AST, Test Preparation and Other Courses; Online Education; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People’s Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English.

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Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai