Brokerages Set New Oriental Education & Technology Group, Inc. (NYSE:EDU) Target Price at $65.84

New Oriental Education & Technology Group, Inc. (NYSE:EDU) has earned an average rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $65.84.

Several analysts recently issued reports on EDU shares. China Renaissance raised shares of New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. Weiss Ratings downgraded shares of New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. HSBC raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. Wall Street Zen raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, New Street Research set a $68.00 price target on shares of New Oriental Education & Technology Group in a research report on Wednesday, January 28th.

New Oriental Education & Technology Group Trading Up 0.5%

NYSE EDU opened at $51.13 on Tuesday. The company has a fifty day simple moving average of $54.87 and a 200 day simple moving average of $55.71. New Oriental Education & Technology Group has a 12-month low of $41.62 and a 12-month high of $64.97. The company has a market cap of $8.08 billion, a P/E ratio of 19.59, a PEG ratio of 0.86 and a beta of 0.24.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $0.10 earnings per share (EPS) for the quarter. New Oriental Education & Technology Group had a net margin of 7.82% and a return on equity of 11.67%. The business had revenue of $1.42 billion during the quarter. Sell-side analysts predict that New Oriental Education & Technology Group will post 3.19 EPS for the current year.

Hedge Funds Weigh In On New Oriental Education & Technology Group

A number of hedge funds have recently bought and sold shares of EDU. Invesco Ltd. boosted its holdings in New Oriental Education & Technology Group by 5,697.3% during the 4th quarter. Invesco Ltd. now owns 4,610,905 shares of the company’s stock worth $253,738,000 after acquiring an additional 4,531,370 shares during the last quarter. First Beijing Investment Ltd boosted its holdings in New Oriental Education & Technology Group by 31.4% during the 3rd quarter. First Beijing Investment Ltd now owns 9,346,501 shares of the company’s stock worth $496,019,000 after acquiring an additional 2,231,169 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in New Oriental Education & Technology Group during the 4th quarter worth $86,526,000. Federated Hermes Inc. boosted its holdings in New Oriental Education & Technology Group by 13,865.2% during the 4th quarter. Federated Hermes Inc. now owns 742,249 shares of the company’s stock worth $40,846,000 after acquiring an additional 736,934 shares during the last quarter. Finally, Tiger Pacific Capital LP purchased a new position in New Oriental Education & Technology Group during the 2nd quarter worth $38,056,000.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group (NYSE: EDU) is one of China’s leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company’s offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental’s curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources.

Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.