New Oriental Education & Technology Group (NYSE:EDU – Get Rating) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Monday, The Fly reports.
EDU has been the topic of several other research reports. StockNews.com raised New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Daiwa Capital Markets upgraded New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a report on Wednesday, March 9th. CLSA upgraded shares of New Oriental Education & Technology Group from an “underperform” rating to an “outperform” rating in a report on Wednesday, April 27th. Finally, UBS Group raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a research note on Monday, June 6th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, New Oriental Education & Technology Group currently has a consensus rating of “Hold” and a consensus target price of $87.00.
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Shares of New Oriental Education & Technology Group stock traded up $0.89 during trading hours on Monday, hitting $17.10. 9,924,059 shares of the company’s stock traded hands, compared to its average volume of 3,979,563. New Oriental Education & Technology Group has a twelve month low of $8.40 and a twelve month high of $99.05. The stock has a 50 day simple moving average of $11.93 and a 200-day simple moving average of $14.81.
New Oriental Education & Technology Group (NYSE:EDU – Get Rating) last announced its quarterly earnings data 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 company had revenue of $614.09 million for the quarter, compared to analyst estimates of $642.75 million. On average, equities analysts expect that New Oriental Education & Technology Group will post 1.79 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of EDU. ProVise Management Group LLC bought a new stake in shares of New Oriental Education & Technology Group in the fourth quarter worth about $26,000. PDS Planning Inc bought a new stake in New Oriental Education & Technology Group during the 4th quarter worth approximately $29,000. HighTower Advisors LLC bought a new stake in New Oriental Education & Technology Group during the 3rd quarter worth approximately $31,000. Icapital Wealth LLC acquired a new stake in New Oriental Education & Technology Group during the 4th quarter worth approximately $35,000. Finally, Sequoia Financial Advisors LLC bought a new position in New Oriental Education & Technology Group in the fourth quarter valued at approximately $41,000.
About New Oriental Education & Technology Group (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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