Citigroup Cuts New Oriental Education & Technology Group (NYSE:EDU) Price Target to $75.00

New Oriental Education & Technology Group (NYSE:EDU) had its price target cut by stock analysts at Citigroup from $77.00 to $75.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 44.02% from the company’s current price.

Several other research analysts also recently commented on the company. The Goldman Sachs Group downgraded New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $58.00 to $50.00 in a report on Wednesday, August 6th. HSBC cut shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Hsbc Global Res upgraded shares of New Oriental Education & Technology Group to a “hold” rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $48.00 to $62.00 in a research report on Tuesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $56.60.

New Oriental Education & Technology Group Stock Up 3.9%

Shares of EDU traded up $1.98 on Tuesday, hitting $52.08. The company’s stock had a trading volume of 451,352 shares, compared to its average volume of 1,454,667. New Oriental Education & Technology Group has a fifty-two week low of $40.66 and a fifty-two week high of $87.26. The company has a 50 day moving average price of $48.29 and a 200 day moving average price of $47.86.

New Oriental Education & Technology Group (NYSE:EDU) last announced its earnings results on Wednesday, July 30th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.24 by $0.37. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.19 billion. New Oriental Education & Technology Group had a return on equity of 11.32% and a net margin of 7.59%.New Oriental Education & Technology Group’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS. New Oriental Education & Technology Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, sell-side analysts predict that New Oriental Education & Technology Group will post 2.75 EPS for the current fiscal year.

Institutional Trading of New Oriental Education & Technology Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Aspex Management HK Ltd raised its position in shares of New Oriental Education & Technology Group by 18.8% during the 2nd quarter. Aspex Management HK Ltd now owns 6,981,188 shares of the company’s stock valued at $376,635,000 after acquiring an additional 1,106,716 shares during the last quarter. First Beijing Investment Ltd raised its position in shares of New Oriental Education & Technology Group by 1,997.8% during the 1st quarter. First Beijing Investment Ltd now owns 5,456,378 shares of the company’s stock valued at $260,869,000 after acquiring an additional 5,196,281 shares during the last quarter. Alkeon Capital Management LLC raised its position in shares of New Oriental Education & Technology Group by 101.3% during the 2nd quarter. Alkeon Capital Management LLC now owns 2,193,486 shares of the company’s stock valued at $118,339,000 after acquiring an additional 1,104,000 shares during the last quarter. Discerene Group LP bought a new stake in shares of New Oriental Education & Technology Group during the 1st quarter valued at $75,564,000. Finally, Greenwoods Asset Management Hong Kong Ltd. raised its position in shares of New Oriental Education & Technology Group by 13.7% during the 1st quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 1,396,039 shares of the company’s stock valued at $66,745,000 after acquiring an additional 167,721 shares during the last quarter.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.