Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $69.63, but opened at $67.18. New Oriental Education & Technology Group shares last traded at $68.82, with a volume of 146,251 shares trading hands.
Wall Street Analysts Forecast Growth
EDU has been the subject of several analyst reports. Citigroup lowered their price target on shares of New Oriental Education & Technology Group from $127.00 to $106.00 and set a "buy" rating for the company in a report on Friday, August 2nd. HSBC initiated coverage on shares of New Oriental Education & Technology Group in a report on Wednesday, May 29th. They set a "buy" rating and a $110.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $103.67.
Get Our Latest Analysis on EDU
New Oriental Education & Technology Group Trading Down 1.3 %
The firm's fifty day moving average price is $73.91 and its 200-day moving average price is $81.79. The firm has a market cap of $11.66 billion, a price-to-earnings ratio of 36.96 and a beta of 0.44.
Institutional Trading of New Oriental Education & Technology Group
Institutional investors and hedge funds have recently bought and sold shares of the business. Ridgewood Investments LLC purchased a new position in New Oriental Education & Technology Group during the 2nd quarter worth $43,000. Assetmark Inc. raised its position in New Oriental Education & Technology Group by 1,642.9% during the 4th quarter. Assetmark Inc. now owns 610 shares of the company's stock worth $45,000 after buying an additional 575 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in New Oriental Education & Technology Group during the 2nd quarter worth $50,000. Blue Trust Inc. raised its position in New Oriental Education & Technology Group by 782.4% during the 2nd quarter. Blue Trust Inc. now owns 803 shares of the company's stock worth $62,000 after buying an additional 712 shares during the last quarter. Finally, Hancock Whitney Corp purchased a new position in New Oriental Education & Technology Group during the 2nd quarter worth $212,000.
New Oriental Education & Technology Group Company Profile
(
Get Free Report)
New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.
Further Reading
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 "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
