New Oriental Education & Technology Group (NYSE:EDU) PT Raised to $127.00

New Oriental Education & Technology Group (NYSE:EDU) had its target price boosted by equities researchers at Citigroup from $66.00 to $127.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 59.43% from the stock’s current price.

A number of other equities analysts have also recently commented on EDU. Morgan Stanley raised their target price on New Oriental Education & Technology Group from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. StockNews.com cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, New Oriental Education & Technology Group currently has an average rating of “Moderate Buy” and an average price target of $97.67.

New Oriental Education & Technology Group Trading Up 3.3 %

EDU traded up $2.58 during trading on Thursday, hitting $79.66. 5,062,345 shares of the company’s stock traded hands, compared to its average volume of 1,800,991. The stock has a market capitalization of $13.52 billion, a price-to-earnings ratio of 43.77 and a beta of 0.49. New Oriental Education & Technology Group has a 12-month low of $35.70 and a 12-month high of $98.20. The company’s 50 day simple moving average is $89.48 and its two-hundred day simple moving average is $78.82.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results on Wednesday, January 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). The firm had revenue of $869.60 million during the quarter, compared to analysts’ expectations of $814.01 million. New Oriental Education & Technology Group had a return on equity of 7.97% and a net margin of 8.54%. The business’s quarterly revenue was up 36.3% on a year-over-year basis. During the same quarter last year, the business earned $0.01 earnings per share. On average, equities analysts expect that New Oriental Education & Technology Group will post 2.02 EPS for the current year.

Hedge Funds Weigh In On New Oriental Education & Technology Group

Several hedge funds have recently made changes to their positions in EDU. Tobam acquired a new stake in New Oriental Education & Technology Group during the 4th quarter worth about $3,979,000. FengHe Fund Management Pte. Ltd. acquired a new stake in shares of New Oriental Education & Technology Group during the 4th quarter valued at about $2,037,000. Ariose Capital Management Ltd acquired a new stake in shares of New Oriental Education & Technology Group during the 4th quarter valued at about $30,631,000. Clearbridge Investments LLC grew its position in shares of New Oriental Education & Technology Group by 14.7% during the 3rd quarter. Clearbridge Investments LLC now owns 65,002 shares of the company’s stock valued at $3,806,000 after acquiring an additional 8,306 shares during the period. Finally, XY Capital Ltd grew its position in shares of New Oriental Education & Technology Group by 376.4% during the 3rd quarter. XY Capital Ltd now owns 102,903 shares of the company’s stock valued at $6,025,000 after acquiring an additional 81,303 shares during the period.

About New Oriental Education & Technology Group

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.