New Oriental Education & Technology Group, Inc. (NYSE:EDU) Receives $66.24 Average PT from Analysts

New Oriental Education & Technology Group, Inc. (NYSE:EDU) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $66.24.

Several equities analysts have commented on EDU shares. New Street Research set a $65.00 price objective on New Oriental Education & Technology Group in a research report on Thursday, June 11th. Zacks Research lowered shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Weiss Ratings cut 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. Finally, The Goldman Sachs Group raised shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $67.00 to $65.00 in a research note on Thursday, June 11th.

New Oriental Education & Technology Group Stock Performance

New Oriental Education & Technology Group stock opened at $47.93 on Wednesday. The stock’s 50 day simple moving average is $48.38 and its two-hundred day simple moving average is $53.82. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 0.68 and a beta of 0.19. New Oriental Education & Technology Group has a fifty-two week low of $41.62 and a fifty-two week high of $64.97.

New Oriental Education & Technology Group (NYSE:EDU) last announced its 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 return on equity of 11.67% and a net margin of 7.82%.The firm had revenue of $1.42 billion during the quarter. On average, analysts predict that New Oriental Education & Technology Group will post 3.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its holdings in New Oriental Education & Technology Group by 7,314.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock worth $28,000 after acquiring an additional 512 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in New Oriental Education & Technology Group by 106.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock valued at $31,000 after purchasing an additional 279 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in New Oriental Education & Technology Group during the 4th quarter valued at about $72,000. Raymond James Financial Inc. bought a new stake in New Oriental Education & Technology Group during the 2nd quarter valued at about $111,000. Finally, Leonteq Securities AG bought a new stake in New Oriental Education & Technology Group during the 4th quarter valued at about $155,000.

About New Oriental Education & Technology Group

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.