Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    FTC fines GoodRx for sharing consumer health data with advertisers

    February 2, 2023

    What we know about Milwaukee’s 2024 Republican convention

    February 2, 2023

    More and more business owners are turning to artificial intelligence to stay competitive

    February 2, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Zepp News
    • Business
    • Entertainment
    • Health
    • Politics
    • Sports
    • Technology
    Zepp News
    Technology

    New Oriental Education Technology Group Co., Ltd. (NYSE: EDU ) Receives Analyst Consensus Rating of “Moderate Buy”

    shivachetanbijjal@gmail.comBy shivachetanbijjal@gmail.comJanuary 22, 2023No Comments4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Logo of New Oriental Education Technology GroupShares 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

    (get rating)

    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.

    read more

    Analyst recommendation on New Oriental Education Technology Group (NYSE: EDU )

    This breaking news alert is powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate coverage. This story was reviewed by MarketBeat’s editorial team before publication. Please send any questions or comments about this story to contact@marketbeat.com.

    You’ll want to hear this before you consider New Oriental Education Technology Group.

    MarketBeat tracks Wall Street’s highest-rated and top-performing research analysts and the stocks they recommend to clients on a daily basis. MarketBeat has identified five stocks that top analysts are quietly telling their clients to buy now before the broader market rallies…and New Oriental Education Technology Group isn’t on the list.

    While New Oriental Education Technology Group currently has a “buy” rating among analysts, the top-rated analysts see these five stocks as better buys.

    Check out five stocks here

    The Beginner's Guide to Retirement Stock Covers

    Source link

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    shivachetanbijjal@gmail.com
    • Website

    Related Posts

    More and more business owners are turning to artificial intelligence to stay competitive

    February 2, 2023

    MACOM Technology Solutions Holdings Inc. fell 1.68% to $67.38 after better-than-expected earnings

    February 2, 2023

    Ex-tech company employee pleads guilty to stealing classified data and holding company to ransom | NASA-SDNY

    February 2, 2023

    Leave A Reply Cancel Reply

    Our Picks

    Noise-Cancelling Headphones For a Superb Music Experience

    January 15, 2020

    Harry Potter: 10 Things Dursleys That Make No Sense

    January 15, 2020

    Dubai-Based Yacht Company is Offering Socially-Distanced Luxury

    January 15, 2020

    The Courier – a New Song with Benedict Cumberbatch

    January 14, 2020
    About Us

    This website is all about Tech Health Fitness Business and many other topic that very helpfull for everyone.

    Thank You.

    Our Picks

    Noise-Cancelling Headphones For a Superb Music Experience

    January 15, 2020

    Harry Potter: 10 Things Dursleys That Make No Sense

    January 15, 2020

    Dubai-Based Yacht Company is Offering Socially-Distanced Luxury

    January 15, 2020

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Facebook Twitter Instagram Pinterest
    • Home
    • Buy Now
    © 2023 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.