New Oriental Education & Technology Group Inc. (NYSE:EDU) Receives $61.20 Average PT from Analysts

Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Get Free Report) have received a consensus recommendation of "Hold" from the six research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $61.20.

EDU has been the subject of a number of research reports. China Renaissance downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Morgan Stanley lowered 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. Citigroup cut New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and lowered their target price for the company from $83.00 to $50.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. downgraded New Oriental Education & Technology Group from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $85.00 to $50.00 in a report on Wednesday, January 22nd. Finally, Macquarie lowered New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and lowered their price objective for the company from $79.00 to $44.00 in a research report on Wednesday, January 22nd.

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New Oriental Education & Technology Group Price Performance

New Oriental Education & Technology Group stock traded up $0.40 during mid-day trading on Monday, reaching $42.97. 2,567,233 shares of the company traded hands, compared to its average volume of 1,893,702. The firm's 50 day moving average price is $48.51 and its 200 day moving average price is $57.35. New Oriental Education & Technology Group has a 52-week low of $40.66 and a 52-week high of $91.04. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 18.28 and a beta of 0.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of New Oriental Education & Technology Group by 192.2% in the third quarter. JPMorgan Chase & Co. now owns 826,783 shares of the company's stock worth $62,703,000 after acquiring an additional 543,810 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in New Oriental Education & Technology Group during the 3rd quarter valued at about $27,425,000. Green Court Capital Management Ltd purchased a new stake in New Oriental Education & Technology Group during the 4th quarter valued at about $21,152,000. Panview Capital Ltd bought a new stake in New Oriental Education & Technology Group during the 4th quarter valued at about $27,358,000. Finally, Erste Asset Management GmbH purchased a new position in New Oriental Education & Technology Group in the fourth quarter worth about $1,264,000.

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.