Benchmark Boosts New Oriental Education & Tech Grp (NYSE:EDU) Price Target to $155.00

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New Oriental Education & Tech Grp (NYSE:EDU) had its price objective hoisted by research analysts at Benchmark from $130.00 to $155.00 in a report released on Tuesday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s target price suggests a potential upside of 16.94% from the stock’s previous close.

Several other research firms have also recently commented on EDU. Macquarie upped their price target on New Oriental Education & Tech Grp from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Zacks Investment Research upgraded New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a research note on Thursday, January 9th. JPMorgan Chase & Co. upgraded New Oriental Education & Tech Grp from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $88.00 to $143.00 in a research note on Thursday, October 17th. ValuEngine upgraded New Oriental Education & Tech Grp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 3rd. Finally, Citigroup restated a “buy” rating and set a $130.00 price target (up previously from $115.00) on shares of New Oriental Education & Tech Grp in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $129.25.

Shares of New Oriental Education & Tech Grp stock traded down $3.20 during trading hours on Tuesday, hitting $132.55. 2,194,869 shares of the company were exchanged, compared to its average volume of 838,476. New Oriental Education & Tech Grp has a 1 year low of $63.51 and a 1 year high of $141.60. The company has a current ratio of 1.50, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average of $126.43 and a 200-day moving average of $114.22. The stock has a market capitalization of $18.74 billion, a price-to-earnings ratio of 65.30 and a beta of 1.43.

New Oriental Education & Tech Grp (NYSE:EDU) last released its quarterly earnings results on Monday, January 20th. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.16. New Oriental Education & Tech Grp had a return on equity of 14.22% and a net margin of 9.79%. The business had revenue of $785.21 million during the quarter. During the same quarter last year, the company earned $0.14 EPS. As a group, research analysts anticipate that New Oriental Education & Tech Grp will post 3.08 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Colony Group LLC lifted its position in shares of New Oriental Education & Tech Grp by 0.9% during the 3rd quarter. Colony Group LLC now owns 16,292 shares of the company’s stock valued at $1,805,000 after acquiring an additional 138 shares during the period. Vestmark Advisory Solutions Inc. lifted its position in shares of New Oriental Education & Tech Grp by 5.0% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 3,384 shares of the company’s stock valued at $375,000 after acquiring an additional 162 shares during the period. Quadrant Capital Group LLC lifted its position in shares of New Oriental Education & Tech Grp by 9.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,118 shares of the company’s stock valued at $233,000 after acquiring an additional 190 shares during the period. Wetherby Asset Management Inc. lifted its position in shares of New Oriental Education & Tech Grp by 4.8% during the 3rd quarter. Wetherby Asset Management Inc. now owns 4,254 shares of the company’s stock valued at $471,000 after acquiring an additional 195 shares during the period. Finally, Coastal Investment Advisors Inc. lifted its position in shares of New Oriental Education & Tech Grp by 80.0% during the 3rd quarter. Coastal Investment Advisors Inc. now owns 450 shares of the company’s stock valued at $50,000 after acquiring an additional 200 shares during the period. Institutional investors own 86.82% 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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Analyst Recommendations for New Oriental Education & Tech Grp (NYSE:EDU)

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