New Oriental Education & Technology Group (NYSE:EDU – Free Report) had its price target upped by Morgan Stanley from $85.00 to $95.00 in a research note released on Thursday, Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.
Separately, StockNews.com lowered shares of New Oriental Education & Technology Group from a buy rating to a hold rating in a research report on Thursday, January 4th.
View Our Latest Analysis on EDU
New Oriental Education & Technology Group Stock Up 1.0 %
NYSE:EDU opened at $86.82 on Thursday. The company has a market cap of $14.73 billion, a P/E ratio of 47.70 and a beta of 0.50. New Oriental Education & Technology Group has a fifty-two week low of $35.70 and a fifty-two week high of $98.20. The firm’s 50 day moving average is $87.32 and its two-hundred day moving average is $74.91.
New Oriental Education & Technology Group (NYSE:EDU – Get Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). The company had revenue of $869.60 million for the quarter, compared to analysts’ expectations of $814.01 million. New Oriental Education & Technology Group had a return on equity of 7.97% and a net margin of 8.54%. The business’s revenue for the quarter was up 36.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 EPS. Research analysts forecast that New Oriental Education & Technology Group will post 2 earnings per share for the current fiscal year.
Institutional Investors Weigh In On New Oriental Education & Technology Group
Large investors have recently added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in New Oriental Education & Technology Group by 1,642.9% during the 4th quarter. Assetmark Inc. now owns 610 shares of the company’s stock valued at $45,000 after purchasing an additional 575 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in New Oriental Education & Technology Group during the 1st quarter valued at $46,000. Atlas Capital Advisors LLC acquired a new stake in New Oriental Education & Technology Group during the 1st quarter valued at $51,000. 1832 Asset Management L.P. acquired a new stake in New Oriental Education & Technology Group during the 4th quarter valued at $59,000. Finally, Ronald Blue Trust Inc. grew its holdings in New Oriental Education & Technology Group by 16.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 2,211 shares of the company’s stock valued at $129,000 after purchasing an additional 306 shares in the last quarter.
New Oriental Education & Technology Group Company Profile
New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People’s Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.
Read More
Receive News & Ratings for New Oriental Education & Technology Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for New Oriental Education & Technology Group and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
