New Oriental Education & Technology Group Inc. (NYSE:EDU) Receives $72.40 Consensus Price Target from Brokerages

New Oriental Education & Technology Group Inc. (NYSE:EDU) has been assigned a consensus rating of “Hold” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $61.20.

EDU has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $85.00 to $50.00 in a report on Wednesday, January 22nd. Morgan Stanley cut New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $83.00 to $52.00 in a research report on Wednesday, January 22nd. Macquarie cut New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and decreased their target price for the stock from $79.00 to $44.00 in a research report on Wednesday, January 22nd. 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 cut New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $83.00 to $50.00 in a research report on Friday, January 24th.

Institutional Trading of New Oriental Education & Technology Group

A number of institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in New Oriental Education & Technology Group by 14.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,658 shares of the company’s stock valued at $126,000 after purchasing an additional 206 shares during the last quarter. Profund Advisors LLC lifted its position in shares of New Oriental Education & Technology Group by 1.4% in the second quarter. Profund Advisors LLC now owns 17,293 shares of the company’s stock worth $1,344,000 after buying an additional 231 shares during the last quarter. Blue Trust Inc. lifted its position in shares of New Oriental Education & Technology Group by 37.8% in the fourth quarter. Blue Trust Inc. now owns 2,827 shares of the company’s stock worth $181,000 after buying an additional 775 shares during the last quarter. ABS Direct Equity Fund LLC lifted its position in shares of New Oriental Education & Technology Group by 17.5% in the third quarter. ABS Direct Equity Fund LLC now owns 7,400 shares of the company’s stock worth $561,000 after buying an additional 1,100 shares during the last quarter. Finally, Hancock Whitney Corp lifted its position in shares of New Oriental Education & Technology Group by 49.4% in the third quarter. Hancock Whitney Corp now owns 4,075 shares of the company’s stock worth $309,000 after buying an additional 1,348 shares during the last quarter.

New Oriental Education & Technology Group Stock Down 1.7 %

Shares of NYSE EDU opened at $47.42 on Wednesday. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 20.18 and a beta of 0.44. The stock’s fifty day simple moving average is $59.72 and its 200 day simple moving average is $64.08. New Oriental Education & Technology Group has a 52-week low of $44.46 and a 52-week high of $98.20.

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.