New Oriental Education & Technology Group Inc. (NYSE:EDU … – MarketBeat

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Shares of New Oriental Education & Technology Group Inc. (NYSE:EDUGet Rating) have received a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $36.60.
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Several equities research analysts recently issued reports on the company. StockNews.com started coverage on New Oriental Education & Technology Group in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet downgraded New Oriental Education & Technology Group from a “c-” rating to a “d” rating in a research note on Monday, November 21st.

New Oriental Education & Technology Group Stock Down 1.1 %

Shares of NYSE EDU opened at $44.19 on Friday. The business has a fifty day simple moving average of $33.87 and a 200-day simple moving average of $28.06. New Oriental Education & Technology Group has a 12 month low of $8.40 and a 12 month high of $46.63.
New Oriental Education & Technology Group (NYSE:EDUGet Rating) last announced its quarterly earnings data on Tuesday, January 17th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.12). The company had revenue of $638.20 million during the quarter, compared to analysts’ expectations of $614.16 million. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 earnings per share. Equities research analysts forecast that New Oriental Education & Technology Group will post 0.7 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EDU. JPMorgan Chase & Co. increased its holdings in shares of New Oriental Education & Technology Group by 22.4% during the 1st quarter. JPMorgan Chase & Co. now owns 3,182,422 shares of the company’s stock valued at $3,659,000 after acquiring an additional 582,351 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in New Oriental Education & Technology Group by 10.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,739,685 shares of the company’s stock valued at $2,000,000 after buying an additional 158,968 shares during the last quarter. American Century Companies Inc. grew its holdings in New Oriental Education & Technology Group by 1.0% in the 1st quarter. American Century Companies Inc. now owns 483,904 shares of the company’s stock valued at $556,000 after buying an additional 4,888 shares during the last quarter. Acadian Asset Management LLC grew its holdings in New Oriental Education & Technology Group by 186.1% in the 1st quarter. Acadian Asset Management LLC now owns 193,107 shares of the company’s stock valued at $221,000 after buying an additional 125,599 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in New Oriental Education & Technology Group by 2.4% in the 1st quarter. BlackRock Inc. now owns 64,329,110 shares of the company’s stock valued at $73,977,000 after buying an additional 1,492,990 shares during the last quarter. Institutional investors and hedge funds own 67.55% of the company’s stock.

About New Oriental Education & Technology Group

(Get Rating)
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 Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Others segments.

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Analyst Recommendations for New Oriental Education & Technology Group (NYSE:EDU)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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