New Oriental Education & Technology Group (NYSE:EDU) Sets New 1-Year Low – Time to Sell?

New Oriental Education & Technology Group Inc. (NYSE:EDU)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $57.20 and last traded at $57.86, with a volume of 143097 shares. The stock had previously closed at $61.87.

Analyst Upgrades and Downgrades

EDU has been the topic of a number of recent research reports. Morgan Stanley set a $83.00 price objective on shares of New Oriental Education & Technology Group in a report on Thursday, October 17th. StockNews.com raised New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Citigroup dropped their target price on New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $99.67.

New Oriental Education & Technology Group Trading Down 2.9 %

The company has a market capitalization of $10.20 billion, a price-to-earnings ratio of 26.46 and a beta of 0.49. The firm’s 50 day moving average price is $66.21 and its two-hundred day moving average price is $72.71.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.27. New Oriental Education & Technology Group had a return on equity of 9.43% and a net margin of 8.38%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. As a group, equities research analysts predict that New Oriental Education & Technology Group Inc. will post 2.85 EPS for the current year.

New Oriental Education & Technology Group Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were given a dividend of $0.58 per share. The ex-dividend date was Monday, September 9th.

Hedge Funds Weigh In On New Oriental Education & Technology Group

Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its holdings in New Oriental Education & Technology Group by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 3,175,554 shares of the company’s stock valued at $246,836,000 after buying an additional 164,600 shares in the last quarter. WT Asset Management Ltd raised its stake in New Oriental Education & Technology Group by 21.4% in the 2nd quarter. WT Asset Management Ltd now owns 1,730,772 shares of the company’s stock worth $134,533,000 after purchasing an additional 304,712 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in New Oriental Education & Technology Group by 3.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,480,400 shares of the company’s stock worth $115,071,000 after purchasing an additional 56,100 shares in the last quarter. Farallon Capital Management LLC boosted its holdings in New Oriental Education & Technology Group by 139.0% in the 2nd quarter. Farallon Capital Management LLC now owns 1,469,590 shares of the company’s stock valued at $114,231,000 after purchasing an additional 854,590 shares during the period. Finally, Point72 Hong Kong Ltd increased its holdings in shares of New Oriental Education & Technology Group by 16.6% during the second quarter. Point72 Hong Kong Ltd now owns 1,380,199 shares of the company’s stock worth $107,283,000 after purchasing an additional 196,133 shares during the period.

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.