New Oriental Education & Technology Group Inc. (NYSE:EDU) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of English and other foreign language training, test preparation courses for major admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. New Oriental’s ADSs, each of which represents four common shares, currently trade on the New York Stock Exchange under the symbol ”EDU.” “

Other equities analysts have also recently issued research reports about the company. Brean Capital lifted their price target on New Oriental Education & Technology Group to $60.00 and gave the stock a “buy” rating in a report on Wednesday, October 26th. Daiwa Capital Markets initiated coverage on New Oriental Education & Technology Group in a report on Monday, October 10th. They set a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. New Oriental Education & Technology Group presently has a consensus rating of “Buy” and a consensus price target of $44.30.

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

New Oriental Education & Technology Group (NYSE:EDU) traded down 0.46% during trading on Tuesday, reaching $50.19. The company’s stock had a trading volume of 752,557 shares. New Oriental Education & Technology Group has a 52-week low of $27.40 and a 52-week high of $53.38. The stock has a market cap of $7.90 billion, a P/E ratio of 33.39 and a beta of 1.32. The firm’s 50-day moving average is $49.42 and its 200-day moving average is $44.40.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by $0.09. New Oriental Education & Technology Group had a return on equity of 16.87% and a net margin of 15.28%. The business had revenue of $534.10 million for the quarter, compared to the consensus estimate of $521.77 million. During the same quarter in the previous year, the business posted $0.84 EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. Equities research analysts forecast that New Oriental Education & Technology Group will post $1.76 EPS for the current year.

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Several large investors have recently modified their holdings of EDU. Price T Rowe Associates Inc. MD bought a new stake in shares of New Oriental Education & Technology Group during the third quarter valued at about $209,000. Credit Suisse AG boosted its stake in shares of New Oriental Education & Technology Group by 15.0% in the third quarter. Credit Suisse AG now owns 918,565 shares of the company’s stock valued at $42,583,000 after buying an additional 119,574 shares during the period. Verition Fund Management LLC bought a new stake in shares of New Oriental Education & Technology Group during the third quarter valued at about $484,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of New Oriental Education & Technology Group by 7.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 241,213 shares of the company’s stock valued at $11,183,000 after buying an additional 16,188 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in shares of New Oriental Education & Technology Group during the third quarter valued at about $746,000. Institutional investors and hedge funds own 77.43% 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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