StockNews.com upgraded shares of New Oriental Education & Technology Group (NYSE:EDU - Free Report) from a hold rating to a buy rating in a research note issued to investors on Wednesday.
Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. downgraded New Oriental Education & Technology Group from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $85.00 to $50.00 in a report on Wednesday, January 22nd. Citigroup cut New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and cut their target price for the company from $83.00 to $50.00 in a research report on Friday, January 24th. Morgan Stanley lowered 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 report on Wednesday, January 22nd. Finally, Macquarie lowered 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 report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $61.20.
View Our Latest Report on New Oriental Education & Technology Group
New Oriental Education & Technology Group Price Performance
NYSE:EDU traded up $0.70 during trading hours on Wednesday, hitting $49.29. The company's stock had a trading volume of 743,257 shares, compared to its average volume of 2,164,815. The stock has a fifty day simple moving average of $53.39 and a 200-day simple moving average of $60.19. The company has a market capitalization of $8.36 billion, a P/E ratio of 20.97 and a beta of 0.47. New Oriental Education & Technology Group has a twelve month low of $44.46 and a twelve month high of $95.88.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in EDU. GeoWealth Management LLC increased its holdings in shares of 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 in the last quarter. Westpac Banking Corp bought a new stake in New Oriental Education & Technology Group during the fourth quarter valued at about $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 lifted its position in shares of New Oriental Education & Technology Group by 39.2% in the fourth quarter. Natixis now owns 881 shares of the company's stock valued at $57,000 after acquiring an additional 248 shares in the last quarter. Finally, BNP Paribas purchased a new position in shares of New Oriental Education & Technology Group in the fourth quarter valued at about $113,000.
New Oriental Education & Technology Group Company Profile
(
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.
Recommended Stories
Before you consider New Oriental Education & Technology Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New Oriental Education & Technology Group wasn't on the list.
While New Oriental Education & Technology Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
