New Oriental Education & Technology Group Inc. (NYSE:EDU) Given Consensus Rating of “Hold” by Analysts

Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) have been given a consensus recommendation of “Hold” by the five research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $61.20.

A number of analysts have commented on the stock. Morgan Stanley lowered shares of New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $83.00 to $52.00 in a research note on Wednesday, January 22nd. Macquarie lowered shares of New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and reduced their price target for the stock from $79.00 to $44.00 in a research report on Wednesday, January 22nd. StockNews.com lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. Citigroup lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $83.00 to $50.00 in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. lowered shares of New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $85.00 to $50.00 in a research report on Wednesday, January 22nd.

Hedge Funds Weigh In On New Oriental Education & Technology Group

Hedge funds have recently added to or reduced their stakes in the company. GeoWealth Management LLC increased its holdings in New Oriental Education & Technology Group by 258.5% in the fourth quarter. GeoWealth Management LLC now owns 441 shares of the company’s stock worth $28,000 after buying an additional 318 shares during the last quarter. Westpac Banking Corp acquired a new position in New Oriental Education & Technology Group during the fourth quarter valued at approximately $45,000. SBI Securities Co. Ltd. acquired a new position in New Oriental Education & Technology Group during the fourth quarter valued at approximately $51,000. Natixis grew its holdings in New Oriental Education & Technology Group by 39.2% during the fourth quarter. Natixis now owns 881 shares of the company’s stock valued at $57,000 after purchasing an additional 248 shares during the last quarter. Finally, BNP Paribas acquired a new position in New Oriental Education & Technology Group during the fourth quarter valued at approximately $113,000.

New Oriental Education & Technology Group Trading Up 0.1 %

EDU stock opened at $50.79 on Thursday. New Oriental Education & Technology Group has a one year low of $44.46 and a one year high of $95.88. The firm has a market capitalization of $8.62 billion, a PE ratio of 21.61 and a beta of 0.47. The firm has a 50-day moving average of $51.71 and a two-hundred day moving average of $59.45.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.