New Oriental Education & Technology Group (NYSE:EDU – Get Rating) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Monday, The Fly reports.
Several other research analysts have also issued reports on EDU. Daiwa Capital Markets upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a report on Wednesday, March 9th. UBS Group upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a 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 report on Monday, May 2nd. Finally, CLSA upgraded shares of New Oriental Education & Technology Group from an “underperform” rating to an “outperform” rating in a report on Wednesday, April 27th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $87.00.
NYSE EDU traded up $3.06 during trading hours on Monday, reaching $20.16. The company’s stock had a trading volume of 280,209 shares, compared to its average volume of 3,368,762. The firm has a fifty day simple moving average of $12.02 and a 200-day simple moving average of $14.77. New Oriental Education & Technology Group has a 52 week low of $8.40 and a 52 week high of $99.05.
New Oriental Education & Technology Group (NYSE:EDU – Get Rating) last issued its quarterly earnings data on Tuesday, April 26th. The company reported ($0.73) earnings per share (EPS) 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. As a group, research analysts anticipate that New Oriental Education & Technology Group will post 1.79 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinnacle Wealth Planning Services Inc. grew its position in New Oriental Education & Technology Group by 91.7% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 37,619 shares of the company’s stock valued at $79,000 after purchasing an additional 17,998 shares during the period. National Bank of Canada FI acquired a new stake in New Oriental Education & Technology Group in the 4th quarter valued at $74,058,000. ProVise Management Group LLC purchased a new position in New Oriental Education & Technology Group during the 4th quarter worth $26,000. HighTower Advisors LLC purchased a new position in New Oriental Education & Technology Group during the 3rd quarter worth $31,000. Finally, PDS Planning Inc purchased a new position in New Oriental Education & Technology Group during the 4th quarter worth $29,000.
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
