New Oriental Education & Tech Grp (NYSE:EDU) Rating Lowered to Hold at ValuEngine

ValuEngine downgraded shares of New Oriental Education & Tech Grp (NYSE:EDU) from a buy rating to a hold rating in a research note released on Thursday morning, ValuEngine reports.

Other research analysts also recently issued reports about the company. CICC Research upgraded New Oriental Education & Tech Grp from a hold rating to a buy rating and set a $92.97 target price for the company in a research note on Wednesday, April 24th. Zacks Investment Research downgraded New Oriental Education & Tech Grp from a strong-buy rating to a hold rating in a research note on Thursday, July 25th. Morgan Stanley lifted their target price on New Oriental Education & Tech Grp from $95.00 to $106.00 and gave the stock a positive rating in a research note on Friday, June 14th. Deutsche Bank upgraded New Oriental Education & Tech Grp from a hold rating to a buy rating in a research note on Tuesday, April 16th. Finally, Benchmark reiterated a buy rating and set a $105.00 target price (up from $90.00) on shares of New Oriental Education & Tech Grp in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $92.73.

EDU stock traded down $0.68 during mid-day trading on Thursday, reaching $103.17. The company had a trading volume of 1,185,380 shares, compared to its average volume of 1,242,357. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.73 and a quick ratio of 1.71. The stock’s 50 day moving average is $96.97. The company has a market capitalization of $14.87 billion, a P/E ratio of 68.78, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53. New Oriental Education & Tech Grp has a 52 week low of $50.30 and a 52 week high of $109.90.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.39). New Oriental Education & Tech Grp had a net margin of 7.69% and a return on equity of 12.97%. The company had revenue of $842.90 million during the quarter, compared to the consensus estimate of $833.78 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, equities analysts expect that New Oriental Education & Tech Grp will post 3.02 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group raised its holdings in New Oriental Education & Tech Grp by 145.7% in the 1st quarter. Rehmann Capital Advisory Group now owns 312 shares of the company’s stock valued at $28,000 after acquiring an additional 185 shares in the last quarter. Icon Wealth Partners LLC acquired a new position in shares of New Oriental Education & Tech Grp during the 1st quarter worth $31,000. Cornerstone Advisors Inc. raised its holdings in shares of New Oriental Education & Tech Grp by 96.5% during the 1st quarter. Cornerstone Advisors Inc. now owns 454 shares of the company’s stock worth $41,000 after buying an additional 223 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of New Oriental Education & Tech Grp during the 1st quarter worth $45,000. Finally, Advisory Services Network LLC raised its holdings in shares of New Oriental Education & Tech Grp by 31.1% during the 4th quarter. Advisory Services Network LLC now owns 876 shares of the company’s stock worth $48,000 after buying an additional 208 shares in the last quarter. Institutional investors and hedge funds own 85.67% of the company’s stock.

About New Oriental Education & Tech Grp

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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