Brokerages Set New Oriental Education & Technology Group Inc. (NYSE:EDU) Target Price at $61.20

Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Get Free Report) have earned a consensus rating of "Hold" from the five brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $61.20.

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

Institutional Trading of New Oriental Education & Technology Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in New Oriental Education & Technology Group by 14.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,658 shares of the company's stock worth $126,000 after acquiring an additional 206 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of New Oriental Education & Technology Group by 1.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,457 shares of the company's stock worth $1,377,000 after purchasing an additional 247 shares during the period. Natixis grew its position in New Oriental Education & Technology Group by 39.2% during the fourth quarter. Natixis now owns 881 shares of the company's stock valued at $57,000 after purchasing an additional 248 shares in the last quarter. GeoWealth Management LLC grew its position in New Oriental Education & Technology Group by 258.5% during the fourth quarter. GeoWealth Management LLC now owns 441 shares of the company's stock valued at $28,000 after purchasing an additional 318 shares in the last quarter. Finally, Westpac Banking Corp acquired a new position in New Oriental Education & Technology Group in the 4th quarter valued at approximately $45,000.

New Oriental Education & Technology Group Price Performance

Shares of EDU stock traded down $0.36 during trading hours on Friday, reaching $53.59. The stock had a trading volume of 1,255,578 shares, compared to its average volume of 2,249,665. The firm has a market capitalization of $9.09 billion, a PE ratio of 22.80 and a beta of 0.42. The firm has a 50-day simple moving average of $56.73 and a 200-day simple moving average of $61.98. New Oriental Education & Technology Group has a twelve month low of $44.46 and a twelve month high of $98.20.

New Oriental Education & Technology Group Company Profile

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.