New Oriental Education & Technology Group Inc. (NYSE:EDU) had its price target increased by stock analysts at Brean Capital to $60.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Brean Capital’s price target would suggest a potential upside of 16.26% from the stock’s previous close.

A number of other research analysts also recently issued reports on EDU. T.H. Capital boosted their target price on shares of New Oriental Education & Technology Group from $34.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Jefferies Group reiterated a “buy” rating and set a $50.00 target price on shares of New Oriental Education & Technology Group in a research report on Friday, July 8th. Zacks Investment Research downgraded shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 7th. Daiwa Capital Markets assumed coverage on shares of New Oriental Education & Technology Group in a report on Monday, October 10th. They set a “buy” rating on the stock. Finally, Nomura upped their price objective on shares of New Oriental Education & Technology Group from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, July 21st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $43.80.

Analyst Recommendations for New Oriental Education & Technology Group (NYSE:EDU)

New Oriental Education & Technology Group (NYSE:EDU) traded down 0.98% on Wednesday, reaching $51.61. 1,428,072 shares of the company were exchanged. New Oriental Education & Technology Group has a 12-month low of $27.10 and a 12-month high of $53.38. The stock has a market capitalization of $8.13 billion, a P/E ratio of 34.34 and a beta of 1.60. The company’s 50-day moving average price is $46.91 and its 200-day moving average price is $42.52.

New Oriental Education & Technology Group (NYSE:EDU) last released its earnings results on Tuesday, October 25th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.09. New Oriental Education & Technology Group had a net margin of 15.28% and a return on equity of 17.54%. The company had revenue of $534.10 million for the quarter, compared to analyst estimates of $521.77 million. During the same quarter in the previous year, the firm earned $0.84 EPS. The firm’s revenue was up 16.5% on a year-over-year basis. Equities research analysts anticipate that New Oriental Education & Technology Group will post $1.80 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Navellier & Associates Inc raised its stake in New Oriental Education & Technology Group by 0.6% in the third quarter. Navellier & Associates Inc now owns 7,107 shares of the company’s stock valued at $329,000 after buying an additional 42 shares during the last quarter. Invictus RG raised its position in New Oriental Education & Technology Group by 2.7% in the second quarter. Invictus RG now owns 5,674 shares of the company’s stock valued at $238,000 after buying an additional 149 shares during the last quarter. Fis Group Inc. raised its position in New Oriental Education & Technology Group by 0.5% in the third quarter. Fis Group Inc. now owns 33,261 shares of the company’s stock valued at $1,539,000 after buying an additional 181 shares during the last quarter. BARING ASSET MANAGEMENT Ltd raised its position in New Oriental Education & Technology Group by 3.1% in the third quarter. BARING ASSET MANAGEMENT Ltd now owns 7,250 shares of the company’s stock valued at $336,000 after buying an additional 215 shares during the last quarter. Finally, AMP Capital Investors Ltd raised its position in New Oriental Education & Technology Group by 1.0% in the first quarter. AMP Capital Investors Ltd now owns 39,000 shares of the company’s stock valued at $1,400,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

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