New Oriental Education & Technology Group, Inc. (NYSE:EDU) Given Buy Rating at Jefferies Group LLC

Jefferies Group LLC reaffirmed their buy rating on shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) in a report published on Friday. Jefferies Group LLC currently has a $74.80 price target on the stock.

Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded New Oriental Education & Technology Group from a hold rating to a buy rating and set a $70.00 price target on the stock in a research note on Tuesday, April 25th. Benchmark Co. initiated coverage on New Oriental Education & Technology Group in a research note on Tuesday, April 18th. They set a buy rating and a $75.00 price target on the stock. Goldman Sachs Group, Inc. (The) upgraded New Oriental Education & Technology Group from a neutral rating to a buy rating in a research note on Tuesday, May 16th. Finally, J P Morgan Chase & Co restated a neutral rating and set a $62.00 price target on shares of New Oriental Education & Technology Group in a research note on Wednesday, May 17th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $64.54.

Shares of New Oriental Education & Technology Group (EDU) traded up 0.03% during mid-day trading on Friday, reaching $79.80. The company had a trading volume of 967,345 shares. New Oriental Education & Technology Group has a 1-year low of $37.16 and a 1-year high of $83.21. The stock’s 50-day moving average price is $73.02 and its 200 day moving average price is $57.96. The company has a market capitalization of $12.58 billion, a PE ratio of 48.10 and a beta of 1.36.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results on Monday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $437.90 million for the quarter, compared to the consensus estimate of $418.67 million. New Oriental Education & Technology Group had a return on equity of 16.94% and a net margin of 15.28%. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS. Equities analysts expect that New Oriental Education & Technology Group will post $1.85 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in shares of New Oriental Education & Technology Group by 64.0% in the first quarter. Tower Research Capital LLC TRC now owns 2,319 shares of the company’s stock valued at $140,000 after buying an additional 905 shares during the period. Advisors Preferred LLC bought a new position in shares of New Oriental Education & Technology Group during the first quarter valued at $147,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of New Oriental Education & Technology Group during the first quarter valued at $205,000. Timber Hill LLC bought a new position in shares of New Oriental Education & Technology Group during the first quarter valued at $220,000. Finally, Atria Investments LLC bought a new position in shares of New Oriental Education & Technology Group during the second quarter valued at $240,000. Institutional investors own 83.36% 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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