New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Thursday.
A number of other research firms also recently issued reports on EDU. Citigroup downgraded New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $83.00 to $50.00 in a research note on Friday, January 24th. Morgan Stanley downgraded New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $83.00 to $52.00 in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. downgraded New Oriental Education & Technology Group from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $85.00 to $50.00 in a research note on Wednesday, January 22nd. Finally, Macquarie downgraded New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and dropped their price target for the stock from $79.00 to $44.00 in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, New Oriental Education & Technology Group presently has an average rating of "Hold" and a consensus price target of $61.20.
Check Out Our Latest Stock Report on New Oriental Education & Technology Group
New Oriental Education & Technology Group Price Performance
EDU stock opened at $47.22 on Thursday. The company has a market cap of $8.01 billion, a P/E ratio of 20.09 and a beta of 0.47. New Oriental Education & Technology Group has a 1 year low of $44.46 and a 1 year high of $95.88. The stock's fifty day moving average price is $52.79 and its 200-day moving average price is $59.86.
Hedge Funds Weigh In On New Oriental Education & Technology Group
Institutional investors have recently bought and sold shares of the stock. GeoWealth Management LLC raised its holdings in New Oriental Education & Technology Group by 258.5% in the 4th quarter. GeoWealth Management LLC now owns 441 shares of the company's stock worth $28,000 after purchasing an additional 318 shares during the period. Westpac Banking Corp bought a new position in New Oriental Education & Technology Group in the 4th quarter worth $45,000. SBI Securities Co. Ltd. bought a new stake in New Oriental Education & Technology Group during the fourth quarter valued at about $51,000. Natixis raised its holdings 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 acquiring an additional 248 shares during the period. Finally, BNP Paribas bought a new stake in New Oriental Education & Technology Group during the fourth quarter valued at about $113,000.
About New Oriental Education & Technology Group
(
Get Free Report)
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.
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