New Oriental Education & Technology Group (NYSE:EDU – Get Rating) was upgraded by research analysts at CICC Research from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, The Fly reports.
A number of other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. raised shares of New Oriental Education & Technology Group from a “neutral” rating to an “overweight” rating in a research note on Monday, June 13th. Macquarie cut shares of New Oriental Education & Technology Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 23rd. 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. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, New Oriental Education & Technology Group has an average rating of “Moderate Buy”.
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Shares of EDU opened at $22.47 on Thursday. The company’s fifty day moving average is $16.30 and its two-hundred day moving average is $14.87. New Oriental Education & Technology Group has a 1 year low of $8.40 and a 1 year high of $70.50.
New Oriental Education & Technology Group (NYSE:EDU – Get Rating) last posted its quarterly 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 firm had revenue of $614.09 million for the quarter, compared to analyst estimates of $642.75 million. As a group, equities research analysts expect that New Oriental Education & Technology Group will post 1.79 EPS for the current year.
Large investors have recently modified their holdings of the business. Eaton Vance Management grew its position in New Oriental Education & Technology Group by 306.7% in the first quarter. Eaton Vance Management now owns 22,543 shares of the company’s stock valued at $26,000 after acquiring an additional 17,000 shares in the last quarter. PDS Planning Inc acquired a new stake in New Oriental Education & Technology Group in the fourth quarter valued at approximately $29,000. Icapital Wealth LLC acquired a new stake in New Oriental Education & Technology Group in the fourth quarter valued at approximately $35,000. DGS Capital Management LLC acquired a new stake in New Oriental Education & Technology Group in the fourth quarter valued at approximately $46,000. Finally, Royal Bank of Canada grew its position in New Oriental Education & Technology Group by 13.6% in the first quarter. Royal Bank of Canada now owns 44,215 shares of the company’s stock valued at $51,000 after acquiring an additional 5,299 shares in the last quarter.
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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