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

Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) have been assigned a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $61.20.

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

New Oriental Education & Technology Group Stock Performance

Shares of EDU opened at $55.27 on Friday. The company has a 50-day simple moving average of $57.18 and a 200-day simple moving average of $62.07. The firm has a market capitalization of $9.38 billion, a P/E ratio of 23.52 and a beta of 0.42. New Oriental Education & Technology Group has a 52 week low of $44.46 and a 52 week high of $98.20.

Institutional Trading of New Oriental Education & Technology Group

Several large investors have recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd bought a new stake in New Oriental Education & Technology Group during the fourth quarter worth about $1,014,000. Northern Trust Corp grew its stake in New Oriental Education & Technology Group by 265.2% during the fourth quarter. Northern Trust Corp now owns 124,469 shares of the company’s stock worth $7,988,000 after buying an additional 90,384 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in New Oriental Education & Technology Group during the fourth quarter worth about $2,369,000. Price T Rowe Associates Inc. MD grew its stake in New Oriental Education & Technology Group by 61.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,894,541 shares of the company’s stock worth $249,952,000 after buying an additional 1,480,391 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in New Oriental Education & Technology Group by 31.7% during the fourth quarter. Hsbc Holdings PLC now owns 525,101 shares of the company’s stock worth $33,404,000 after buying an additional 126,255 shares during the last quarter.

About New Oriental Education & Technology Group

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.