New Oriental Education & Technology Group (NYSE:EDU) PT Raised to $127.00

New Oriental Education & Technology Group (NYSE:EDU) had its target price upped by equities research analysts at Citigroup from $66.00 to $127.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 52.53% from the stock’s previous close.

A number of other research firms also recently commented on EDU. Morgan Stanley increased their target price on New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. StockNews.com downgraded New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.67.

New Oriental Education & Technology Group Price Performance

EDU stock opened at $83.26 on Thursday. New Oriental Education & Technology Group has a 1-year low of $35.70 and a 1-year high of $98.20. The company has a market capitalization of $14.13 billion, a price-to-earnings ratio of 44.76 and a beta of 0.49. The business has a 50 day simple moving average of $89.25 and a two-hundred day simple moving average of $78.82.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). New Oriental Education & Technology Group had a return on equity of 8.20% and a net margin of 7.72%. The business had revenue of $869.60 million during the quarter, compared to the consensus estimate of $814.01 million. During the same quarter in the previous year, the company earned $0.01 earnings per share. The company’s revenue for the quarter was up 36.3% compared to the same quarter last year. Sell-side analysts anticipate that New Oriental Education & Technology Group will post 2.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EDU. Yousif Capital Management LLC bought a new stake in New Oriental Education & Technology Group in the first quarter worth $231,000. Norden Group LLC bought a new stake in New Oriental Education & Technology Group in the first quarter worth $796,000. Claro Advisors LLC lifted its position in New Oriental Education & Technology Group by 5.3% in the first quarter. Claro Advisors LLC now owns 3,797 shares of the company’s stock worth $330,000 after buying an additional 191 shares during the last quarter. Matthews International Capital Management LLC lifted its position in New Oriental Education & Technology Group by 101.7% in the first quarter. Matthews International Capital Management LLC now owns 94,905 shares of the company’s stock worth $8,240,000 after buying an additional 47,862 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its position in New Oriental Education & Technology Group by 53.9% in the fourth quarter. Nomura Holdings Inc. now owns 225,539 shares of the company’s stock worth $16,527,000 after buying an additional 78,993 shares during the last quarter.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.