New Oriental Education & Technology Group, Inc. (NYSE:EDU – Get Free Report) has received a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $60.75.
EDU has been the subject of a number of research reports. New Street Research set a $56.50 price target on shares of New Oriental Education & Technology Group in a research note on Thursday, July 30th. Weiss Ratings cut New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Finally, Wall Street Zen raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st.
Get Our Latest Research Report on EDU
Hedge Funds Weigh In On New Oriental Education & Technology Group
Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of New Oriental Education & Technology Group by 106.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock valued at $31,000 after buying an additional 279 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of New Oriental Education & Technology Group by 38.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,472 shares of the company’s stock worth $193,000 after buying an additional 957 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of New Oriental Education & Technology Group in the 1st quarter worth about $209,000. First Command Advisory Services Inc. increased its stake in shares of New Oriental Education & Technology Group by 190.6% in the 3rd quarter. First Command Advisory Services Inc. now owns 3,749 shares of the company’s stock worth $208,000 after acquiring an additional 2,459 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of New Oriental Education & Technology Group by 14.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company’s stock worth $219,000 after acquiring an additional 500 shares in the last quarter.
New Oriental Education & Technology Group Trading Down 2.4%
NYSE:EDU opened at $53.65 on Tuesday. The company has a 50-day moving average price of $56.25 and a 200-day moving average price of $54.14. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 0.55 and a beta of 0.24. New Oriental Education & Technology Group has a 12 month low of $44.25 and a 12 month high of $64.97.
New Oriental Education & Technology Group Dividend Announcement
The company also recently declared a special dividend, which will be paid on Friday, December 4th. Investors of record on Wednesday, November 18th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, November 18th. New Oriental Education & Technology Group’s payout ratio is currently 36.25%.
About New Oriental Education & Technology Group
New Oriental Education & Technology Group is a China-based education company that provides language training, test preparation, tutoring and other learning services. Its offerings have included preparation for overseas exams, domestic entrance examinations and English-language study, as well as study-abroad consulting and educational materials.
Founded in Beijing in 1993 by educator Michael Yu (Yu Minhong), the company has expanded its services across China and developed online learning products alongside in-person instruction.
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