Shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU – Get Free Report) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $61.9250.
A number of analysts recently issued reports on EDU shares. The Goldman Sachs Group upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $67.00 to $65.00 in a report on Thursday, June 11th. Weiss Ratings restated a “hold (c)” rating on shares of New Oriental Education & Technology Group in a research note on Tuesday, July 21st. New Street Research set a $56.50 price objective on shares of New Oriental Education & Technology Group in a report on Thursday, July 30th. Finally, Wall Street Zen cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st.
Insider Activity
Institutional Trading of New Oriental Education & Technology Group
Several large investors have recently made changes to their positions in the company. WINTON GROUP Ltd purchased a new stake in shares of New Oriental Education & Technology Group in the 2nd quarter valued at approximately $376,000. Carmignac Gestion raised its stake in New Oriental Education & Technology Group by 0.8% during the 2nd quarter. Carmignac Gestion now owns 368,392 shares of the company’s stock worth $16,921,000 after acquiring an additional 3,006 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of New Oriental Education & Technology Group by 10.9% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 15,869 shares of the company’s stock worth $729,000 after buying an additional 1,555 shares during the period. Public Employees Retirement System of Ohio acquired a new position in New Oriental Education & Technology Group during the 2nd quarter worth approximately $585,000. Finally, Amundi boosted its position in shares of New Oriental Education & Technology Group by 14.4% in the 1st quarter. Amundi now owns 507,774 shares of the company’s stock worth $28,755,000 after buying an additional 63,845 shares in the last quarter.
New Oriental Education & Technology Group Stock Up 0.0%
Shares of EDU opened at $55.55 on Monday. The business has a 50-day simple moving average of $54.86 and a two-hundred day simple moving average of $52.60. New Oriental Education & Technology Group has a 12-month low of $44.25 and a 12-month high of $64.97. The stock has a market cap of $8.78 billion, a PE ratio of 18.77, a PEG ratio of 0.59 and a beta of 0.23.
About New Oriental Education & Technology Group
New Oriental Education & Technology Group Inc is a China-based education services provider that offers learning programs through online platforms and physical schools and learning centers. The company serves students, families and adult learners with services covering language training, test preparation, educational consulting and other academic programs.
Its offerings have historically included preparation for overseas admissions and examinations such as TOEFL, IELTS, SAT, GRE and GMAT, as well as overseas study consulting, domestic examination preparation, primary and secondary education services, and educational materials and software.
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