New Oriental Education & Technology Group Inc. (NYSE:EDU) Given Average Rating of “Hold” by Analysts

New Oriental Education & Technology Group Inc. (NYSE:EDU) has been assigned a consensus rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $61.20.

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Citigroup cut shares of New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $83.00 to $50.00 in a report on Friday, January 24th. JPMorgan Chase & Co. cut shares of New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $85.00 to $50.00 in a report on Wednesday, January 22nd. Macquarie cut shares of New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and decreased their price objective for the stock from $79.00 to $44.00 in a report on Wednesday, January 22nd. Finally, Morgan Stanley cut shares of New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $83.00 to $52.00 in a report on Wednesday, January 22nd.

Institutional Investors Weigh In On New Oriental Education & Technology Group

A number of large investors have recently bought and sold shares of the business. BlueCrest Capital Management Ltd bought a new stake in New Oriental Education & Technology Group during the fourth quarter valued at about $1,014,000. Northern Trust Corp boosted its holdings in New Oriental Education & Technology Group by 265.2% during the fourth quarter. Northern Trust Corp now owns 124,469 shares of the company’s stock valued at $7,988,000 after acquiring an additional 90,384 shares during the period. Boothbay Fund Management LLC bought a new stake in New Oriental Education & Technology Group during the fourth quarter valued at about $2,369,000. Price T Rowe Associates Inc. MD boosted its holdings in New Oriental Education & Technology Group by 61.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,894,541 shares of the company’s stock valued at $249,952,000 after acquiring an additional 1,480,391 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in New Oriental Education & Technology Group by 31.7% during the fourth quarter. Hsbc Holdings PLC now owns 525,101 shares of the company’s stock valued at $33,404,000 after acquiring an additional 126,255 shares during the period.

New Oriental Education & Technology Group Stock Up 3.4 %

New Oriental Education & Technology Group stock opened at $55.27 on Friday. The company’s fifty day simple moving average is $57.18 and its 200-day simple moving average is $62.07. New Oriental Education & Technology Group has a 12 month low of $44.46 and a 12 month high of $98.20. The stock has a market cap of $9.38 billion, a P/E ratio of 23.52 and a beta of 0.42.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.