New Oriental Education & Technology Group (NYSE:EDU – Get Rating) had its price target upped by analysts at Citigroup from $23.00 to $32.00 in a research note issued to investors on Friday, The Fly reports. Citigroup’s target price would indicate a potential upside of 45.32% from the company’s current price.
A number of other research firms also recently 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 research note on Monday, May 2nd. CLSA upgraded shares of New Oriental Education & Technology Group from an “underperform” rating to an “outperform” rating in a research note on Wednesday, April 27th. Finally, JPMorgan Chase & Co. upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to an “overweight” rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $59.50.
New Oriental Education & Technology Group stock opened at $22.02 on Friday. New Oriental Education & Technology Group has a 1 year low of $8.40 and a 1 year high of $88.10. The firm has a 50 day moving average price of $12.61 and a 200 day moving average price of $14.88. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 11.59 and a beta of 0.80.
New Oriental Education & Technology Group (NYSE:EDU – Get Rating) last released its earnings results 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 analysts’ expectations of $642.75 million. As a group, analysts anticipate that New Oriental Education & Technology Group will post 1.79 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. lifted its position in shares of New Oriental Education & Technology Group by 91.7% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 37,619 shares of the company’s stock worth $79,000 after purchasing an additional 17,998 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of New Oriental Education & Technology Group during the fourth quarter worth $74,058,000. ProVise Management Group LLC acquired a new position in shares of New Oriental Education & Technology Group during the fourth quarter worth $26,000. HighTower Advisors LLC acquired a new position in shares of New Oriental Education & Technology Group during the third quarter worth $31,000. Finally, PDS Planning Inc acquired a new position in shares of New Oriental Education & Technology Group during the fourth 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
