Shares of New Oriental Education Technology Group Inc. (NYSE: EDU – Get Rating ) have received a consensus rating of “Moderate Buy” from the nine analysts covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have given the company a buy rating. The average one-year price target for brokerages who updated stock coverage in the last year is $36.60.
Several equity research analysts have recently published reports on the company. StockNews.com began coverage on New Oriental Education Technology Group in a report on Wednesday, October 12th. They have a “hold” rating on the company. TheStreet downgraded New Oriental Education Technology Group from a ‘c-‘ rating to a ‘d’ rating in a research report on Monday, November 21st.
New Oriental Education Technology Group shares fell 1.1%
Shares of NYSE EDU opened Friday at $44.19. The company’s 50-day simple moving average is $33.87 and its 200-day simple moving average is $28.06. New Oriental Education Technology Group had a 12-month low of $8.40 and a 12-month high of $46.63.
New Oriental Education Technology Group (NYSE: EDU – Get Rating ) last reported its quarterly earnings data on Tuesday, January 17. The company reported earnings per share (EPS) of $0.10 for the quarter, missing the consensus estimate of $0.22 ($0.12). The company’s revenue for the quarter was $638.20 million, beating analysts’ expectations of $614.16 million. The company’s quarterly revenue fell 3.0% year-over-year. In the same period last year, the company reported earnings of $1.00 per share. Equity research analysts predict that New Oriental Education Technology Group will report EPS of 0.7 this year.
Institutional inflows and outflows
Many hedge funds have recently changed their positions in EDU. JPMorgan Chase increased its stake in New Oriental Education Technology Group by 22.4% in the first quarter. JPMorgan now owns 3,182,422 shares of the company worth $3,659,000 after acquiring an additional 582,351 shares in the previous quarter. Bank of New York Mellon Corp increased its holdings in New Oriental Education Technology Group by 10.1% in the first quarter. Bank of New York Mellon Corp now owns 1,739,685 shares of the company worth $2,000,000 after purchasing an additional 158,968 shares last quarter. American Century Companies Inc. increased its holdings in New Oriental Education Technology Group by 1.0% in the first quarter. American Century Companies Inc. now owns 483,904 shares of the company worth $556,000 after buying an additional 4,888 shares last quarter. Acadian Asset Management LLC increased its holdings of New Oriental Education Technology Group by 186.1% in the first quarter. Acadian Asset Management LLC now owns 193,107 shares of the company worth $221,000 after buying an additional 125,599 shares last quarter. Finally, BlackRock increased its stake in New Oriental Education Technology Group by 2.4% in the first quarter. BlackRock Inc. now owns 64,329,110 shares of the company worth $73,977,000 after purchasing an additional 1,492,990 shares last quarter. Institutional investors and hedge funds own 67.55% of the company.
About New Oriental Education Technology Group
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New Oriental Education Technology Group Co., Ltd. provides private education services under the New Oriental brand in the People’s Republic of China. The company operates through Educational Services and Test Preparation Programs; Online Education and Other Services; Study Abroad Consulting Services; and Other segments.
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