New Oriental Education & Tech Grp (NYSE:EDU) Downgraded by ValuEngine

New Oriental Education & Tech Grp (NYSE:EDU) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, April 1st, ValuEngine reports.

EDU has been the topic of several other research reports. Morgan Stanley raised shares of New Oriental Education & Tech Grp from an “equal weight” rating to an “overweight” rating and set a $81.75 target price on the stock in a research note on Monday, March 25th. JPMorgan Chase & Co. lowered shares of New Oriental Education & Tech Grp from an “overweight” rating to a “neutral” rating and set a $76.64 target price on the stock. in a research note on Monday, February 11th. Zacks Investment Research raised shares of New Oriental Education & Tech Grp from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. TheStreet lowered shares of New Oriental Education & Tech Grp from a “b-” rating to a “c+” rating in a research note on Thursday, December 13th. Finally, Macquarie set a $75.00 price objective on shares of New Oriental Education & Tech Grp and gave the stock a “buy” rating in a research note on Tuesday, January 15th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $89.04.

Shares of EDU stock traded down $2.63 during mid-day trading on Monday, reaching $90.34. The company’s stock had a trading volume of 1,433,037 shares, compared to its average volume of 1,547,085. New Oriental Education & Tech Grp has a 1-year low of $50.30 and a 1-year high of $108.24. The stock has a market cap of $12.83 billion, a price-to-earnings ratio of 48.31, a P/E/G ratio of 1.59 and a beta of 1.61.

New Oriental Education & Tech Grp (NYSE:EDU) last announced its earnings results on Tuesday, April 23rd. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The business had revenue of $796.70 million during the quarter, compared to analysts’ expectations of $788.52 million. New Oriental Education & Tech Grp had a net margin of 8.32% and a return on equity of 13.78%. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter last year, the company posted $0.57 EPS. On average, research analysts forecast that New Oriental Education & Tech Grp will post 1.68 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Shine Investment Advisory Services Inc. acquired a new stake in shares of New Oriental Education & Tech Grp in the first quarter valued at approximately $45,000. Advisory Services Network LLC increased its holdings in New Oriental Education & Tech Grp by 31.1% during the fourth quarter. Advisory Services Network LLC now owns 876 shares of the company’s stock worth $48,000 after buying an additional 208 shares during the last quarter. Federated Investors Inc. PA acquired a new position in New Oriental Education & Tech Grp during the third quarter worth $81,000. Quadrant Capital Group LLC increased its holdings in New Oriental Education & Tech Grp by 1,292.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,351 shares of the company’s stock worth $73,000 after buying an additional 1,254 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new position in New Oriental Education & Tech Grp during the fourth quarter worth $123,000. Institutional investors own 84.45% 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. It operates through Language Training and Test Preparation Courses, 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 achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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Analyst Recommendations for New Oriental Education & Tech Grp (NYSE:EDU)

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