New Oriental Education & Technology Group, Inc. (NYSE:EDU) Earns Buy Rating from Analysts at UBS AG

UBS AG started coverage on shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) in a research report sent to investors on Tuesday, August 1st, www.flashratings.com reports. The firm issued a buy rating and a $96.75 target price on the stock.

A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of New Oriental Education & Technology Group from a strong-buy rating to a hold rating in a research report on Friday, July 28th. Benchmark Co. raised their price target on shares of New Oriental Education & Technology Group from $75.00 to $94.00 and gave the stock a buy rating in a research report on Wednesday, July 26th. BidaskClub lowered shares of New Oriental Education & Technology Group from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a buy rating and set a $74.80 price target on shares of New Oriental Education & Technology Group in a research report on Friday, July 14th. Finally, J P Morgan Chase & Co reissued a neutral rating and issued a $62.00 target price on shares of New Oriental Education & Technology Group in a report on Wednesday, May 17th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $76.36.

New Oriental Education & Technology Group (NYSE:EDU) traded up 0.89% on Tuesday, hitting $78.23. 1,133,462 shares of the stock traded hands. New Oriental Education & Technology Group has a 52 week low of $37.16 and a 52 week high of $83.91. The firm’s 50 day moving average is $77.10 and its 200 day moving average is $64.81. The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 44.96 and a beta of 1.40.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The company had revenue of $486.40 million during the quarter, compared to the consensus estimate of $477.81 million. New Oriental Education & Technology Group had a net margin of 15.25% and a return on equity of 17.02%. New Oriental Education & Technology Group’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. Equities analysts anticipate that New Oriental Education & Technology Group will post $2.37 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “New Oriental Education & Technology Group, Inc. (NYSE:EDU) Earns Buy Rating from Analysts at UBS AG” was originally published by Stock Observer and is the sole property of of Stock Observer. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.thestockobserver.com/2017/08/12/new-oriental-education-technology-group-inc-nyseedu-earns-buy-rating-from-analysts-at-ubs-ag-updated.html.

The company also recently declared a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.45 per share. This is a positive change from New Oriental Education & Technology Group’s previous special dividend of $0.40. The ex-dividend date is Friday, September 1st.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in New Oriental Education & Technology Group by 2.4% in the second quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock valued at $107,000 after buying an additional 35 shares during the last quarter. Nippon Life Insurance Co. bought a new stake in New Oriental Education & Technology Group during the second quarter valued at $111,000. Advisor Group Inc. raised its stake in New Oriental Education & Technology Group by 182.5% in the second quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock valued at $123,000 after buying an additional 1,126 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in New Oriental Education & Technology Group by 64.0% in the first quarter. Tower Research Capital LLC TRC now owns 2,319 shares of the company’s stock valued at $140,000 after buying an additional 905 shares in the last quarter. Finally, Advisors Preferred LLC bought a new stake in New Oriental Education & Technology Group during the first quarter valued at $147,000. Hedge funds and other institutional investors own 83.08% of the company’s stock.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

Analyst Recommendations for New Oriental Education & Technology Group (NYSE:EDU)

Receive News & Ratings for New Oriental Education & Technology Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Oriental Education & Technology Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply