New Oriental Education & Technology Group, Inc. (NYSE:EDU) Stock Rating Reaffirmed by Jefferies Group LLC

Jefferies Group LLC reiterated their buy rating on shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) in a research report released on Friday, July 14th. They currently have a $74.80 price target on the stock.

A number of other research firms also recently weighed in on EDU. Benchmark Co. began coverage on shares of New Oriental Education & Technology Group in a research report on Tuesday, April 18th. They set a buy rating and a $75.00 target price for the company. Goldman Sachs Group, Inc. (The) raised shares of New Oriental Education & Technology Group from a neutral rating to a buy rating in a research report on Tuesday, May 16th. 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, April 26th. Finally, J P Morgan Chase & Co reaffirmed a neutral rating and set a $62.00 price objective on shares of New Oriental Education & Technology Group in a research report on Wednesday, May 17th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. New Oriental Education & Technology Group currently has an average rating of Buy and an average price target of $76.36.

Shares of New Oriental Education & Technology Group (NYSE:EDU) opened at 78.23 on Friday. The company’s 50-day moving average is $77.10 and its 200-day moving average is $64.81. New Oriental Education & Technology Group has a 12 month low of $37.16 and a 12 month high of $83.91. The stock has a market capitalization of $12.34 billion, a PE ratio of 44.96 and a beta of 1.40.

New Oriental Education & Technology Group (NYSE:EDU) last released its earnings results on Tuesday, July 25th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by $0.03. The firm had revenue of $486.40 million for the quarter, compared to analyst estimates of $477.81 million. New Oriental Education & Technology Group had a net margin of 15.25% and a return on equity of 17.02%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. Equities research analysts expect that New Oriental Education & Technology Group will post $2.37 earnings per share for the current fiscal year.

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The business also recently disclosed a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, September 1st. This is a boost from New Oriental Education & Technology Group’s previous special dividend of $0.40.

Several large investors have recently added to or reduced their stakes in EDU. First Trust Advisors LP boosted its stake in New Oriental Education & Technology Group by 49.0% in the first quarter. First Trust Advisors LP now owns 35,692 shares of the company’s stock worth $2,155,000 after buying an additional 11,735 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in New Oriental Education & Technology Group by 2.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 417,925 shares of the company’s stock worth $25,234,000 after buying an additional 10,124 shares during the last quarter. Seatown Holdings Pte. Ltd. acquired a new stake in New Oriental Education & Technology Group during the first quarter worth approximately $18,769,000. Guinness Asset Management Ltd boosted its stake in New Oriental Education & Technology Group by 13.5% in the first quarter. Guinness Asset Management Ltd now owns 56,080 shares of the company’s stock worth $3,386,000 after buying an additional 6,680 shares during the last quarter. Finally, Guinness Atkinson Asset Management Inc boosted its stake in New Oriental Education & Technology Group by 9.0% in the first quarter. Guinness Atkinson Asset Management Inc now owns 170,000 shares of the company’s stock worth $10,265,000 after buying an additional 14,100 shares during the last quarter. Institutional investors own 83.08% 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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