New Oriental Education & Technology Group, Inc. (NYSE:EDU) Receives Consensus Rating of “Moderate Buy” from Brokerages

New Oriental Education & Technology Group, Inc. (NYSE:EDU) has received an average rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $64.54.

EDU has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of New Oriental Education & Technology Group in a report on Tuesday, July 21st. Wall Street Zen cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. New Street Research set a $56.50 target price on New Oriental Education & Technology Group in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and lowered their price target for the company from $67.00 to $65.00 in a research note on Thursday, June 11th.

New Oriental Education & Technology Group Stock Performance

Shares of New Oriental Education & Technology Group stock opened at $56.42 on Thursday. The firm has a fifty day moving average of $50.83 and a two-hundred day moving average of $52.87. The stock has a market capitalization of $8.92 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 0.59 and a beta of 0.24. New Oriental Education & Technology Group has a 52 week low of $44.25 and a 52 week high of $64.97.

Insider Buying and Selling at New Oriental Education & Technology Group

In other news, Director Chenggang Zhou sold 56,948 shares of New Oriental Education & Technology Group stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $56.83, for a total transaction of $3,236,354.84. Following the transaction, the director owned 429,998 shares in the company, valued at $24,436,786.34. The trade was a 11.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Yue Zhuge sold 1,600 shares of New Oriental Education & Technology Group stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $59.55, for a total transaction of $95,280.00. Following the completion of the transaction, the director directly owned 2,000 shares in the company, valued at approximately $119,100. The trade was a 44.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 72,170 shares of company stock worth $4,100,348. Company insiders own 15.50% of the company’s stock.

Institutional Trading of New Oriental Education & Technology Group

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in New Oriental Education & Technology Group by 106.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock valued at $31,000 after acquiring an additional 279 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of New Oriental Education & Technology Group by 10.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,372 shares of the company’s stock valued at $186,000 after purchasing an additional 324 shares during the period. Vident Advisory LLC lifted its position in shares of New Oriental Education & Technology Group by 8.2% in the fourth quarter. Vident Advisory LLC now owns 5,939 shares of the company’s stock valued at $327,000 after buying an additional 449 shares during the last quarter. Ieq Capital LLC lifted its holdings in New Oriental Education & Technology Group by 11.5% during the 4th quarter. Ieq Capital LLC now owns 4,760 shares of the company’s stock valued at $262,000 after purchasing an additional 492 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of New Oriental Education & Technology Group by 7,314.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock worth $28,000 after buying an additional 512 shares during the last quarter.

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.