Posted by Defense World Staff on Jun 2nd, 2024 New Oriental Education & Technology Group Inc. (NYSE:EDU – Get Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $83.78, but opened at $81.98. New Oriental Education & Technology Group shares last traded at $80.68, with a volume of 109,112 shares changing hands.
EDU has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Citigroup lifted their target price on shares of New Oriental Education & Technology Group from $66.00 to $127.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, HSBC initiated coverage on shares of New Oriental Education & Technology Group in a report on Wednesday. They issued a “buy” rating and a $110.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.75.
Check Out Our Latest Research Report on New Oriental Education & Technology Group
The business’s 50-day moving average is $84.08 and its two-hundred day moving average is $82.13. The stock has a market capitalization of $13.56 billion, a PE ratio of 42.97 and a beta of 0.52.
New Oriental Education & Technology Group (NYSE:EDU – Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). New Oriental Education & Technology Group had a net margin of 7.72% and a return on equity of 8.11%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Equities analysts forecast that New Oriental Education & Technology Group Inc. will post 1.86 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Assetmark Inc. boosted its position in shares of New Oriental Education & Technology Group by 1,642.9% during the 4th quarter. Assetmark Inc. now owns 610 shares of the company’s stock worth $45,000 after purchasing an additional 575 shares in the last quarter. Yousif Capital Management LLC purchased a new stake in shares of New Oriental Education & Technology Group during the 1st quarter worth $231,000. Jump Financial LLC purchased a new stake in shares of New Oriental Education & Technology Group during the 4th quarter worth $235,000. Panagora Asset Management Inc. purchased a new stake in shares of New Oriental Education & Technology Group in the 4th quarter worth about $240,000. Finally, Personal CFO Solutions LLC purchased a new stake in shares of New Oriental Education & Technology Group in the 3rd quarter worth about $200,000.
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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 four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.
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