New Oriental Education & Tech Grp (EDU) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of New Oriental Education & Tech Grp (NYSE:EDU) from a buy rating to a sell rating in a research report report published on Wednesday, July 25th.

According to Zacks, “New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of English and other foreign language training, test preparation courses for major admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. New Oriental’s ADSs, each of which represents four common shares, currently trade on the New York Stock Exchange under the symbol ”EDU.” “

Several other equities analysts have also recently issued reports on the company. ValuEngine cut New Oriental Education & Tech Grp from a buy rating to a hold rating in a research note on Thursday, May 31st. JPMorgan Chase & Co. boosted their target price on New Oriental Education & Tech Grp from $90.00 to $102.00 and gave the company a neutral rating in a research note on Tuesday, May 29th. Finally, CLSA cut New Oriental Education & Tech Grp from an outperform rating to an underperform rating in a research note on Thursday, May 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. New Oriental Education & Tech Grp has an average rating of Hold and a consensus target price of $104.86.

New Oriental Education & Tech Grp opened at $86.99 on Wednesday, according to Marketbeat Ratings. New Oriental Education & Tech Grp has a 52-week low of $74.66 and a 52-week high of $108.40. The company has a market cap of $12.38 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 1.16 and a beta of 1.28.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its earnings results on Tuesday, July 24th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. New Oriental Education & Tech Grp had a return on equity of 14.79% and a net margin of 12.10%. The firm had revenue of $701.00 million for the quarter, compared to analysts’ expectations of $672.44 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The business’s revenue was up 44.1% compared to the same quarter last year. sell-side analysts anticipate that New Oriental Education & Tech Grp will post 2.58 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EDU. Geode Capital Management LLC boosted its position in shares of New Oriental Education & Tech Grp by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 222,548 shares of the company’s stock valued at $20,783,000 after purchasing an additional 4,876 shares in the last quarter. Advisor Group Inc. boosted its position in shares of New Oriental Education & Tech Grp by 96.5% during the fourth quarter. Advisor Group Inc. now owns 4,510 shares of the company’s stock valued at $424,000 after purchasing an additional 2,215 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of New Oriental Education & Tech Grp by 1.8% during the fourth quarter. Teachers Advisors LLC now owns 61,044 shares of the company’s stock valued at $5,738,000 after purchasing an additional 1,100 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in New Oriental Education & Tech Grp by 0.8% in the fourth quarter. TIAA CREF Investment Management LLC now owns 134,998 shares of the company’s stock worth $12,690,000 after acquiring an additional 1,100 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in New Oriental Education & Tech Grp by 96.1% in the fourth quarter. LPL Financial LLC now owns 6,185 shares of the company’s stock worth $581,000 after acquiring an additional 3,031 shares in the last quarter. Institutional investors own 86.39% of the company’s stock.

New Oriental Education & Tech Grp 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 Language Training and Test Preparation, Primary and Secondary School Education, Online Education, Content Development and Distribution, Pre-School Education, Overseas Study Consulting Services, and Study Tour segments.

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