New Oriental Education & Tech Grp (NYSE:EDU) Lifted to “Sell” at ValuEngine

ValuEngine upgraded shares of New Oriental Education & Tech Grp (NYSE:EDU) from a strong sell rating to a sell rating in a research note released on Tuesday, ValuEngine reports.

EDU has been the subject of a number of other reports. Benchmark boosted their price objective on shares of New Oriental Education & Tech Grp from $128.00 to $130.00 and gave the stock a buy rating in a report on Wednesday, October 23rd. Citigroup reaffirmed a buy rating and issued a $130.00 price objective (up from $115.00) on shares of New Oriental Education & Tech Grp in a research report on Thursday, October 10th. Zacks Investment Research upgraded New Oriental Education & Tech Grp from a hold rating to a strong-buy rating and set a $129.00 target price on the stock in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised New Oriental Education & Tech Grp from a neutral rating to an overweight rating and lifted their target price for the stock from $88.00 to $143.00 in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $113.87.

Shares of EDU stock opened at $120.01 on Tuesday. The company has a market capitalization of $17.26 billion, a price-to-earnings ratio of 80.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.47. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.49 and a current ratio of 1.50. New Oriental Education & Tech Grp has a one year low of $50.30 and a one year high of $124.78. The company’s 50-day moving average is $119.45 and its 200 day moving average is $105.20.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its earnings results on Tuesday, October 22nd. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. New Oriental Education & Tech Grp had a net margin of 9.79% and a return on equity of 14.22%. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.16 earnings per share. As a group, research analysts predict that New Oriental Education & Tech Grp will post 3.08 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC purchased a new stake in New Oriental Education & Tech Grp during the 2nd quarter valued at $448,000. Deltec Asset Management LLC boosted its stake in shares of New Oriental Education & Tech Grp by 180.5% in the 2nd quarter. Deltec Asset Management LLC now owns 20,620 shares of the company’s stock worth $1,991,000 after buying an additional 13,270 shares during the last quarter. Pillar Pacific Capital Management LLC grew its holdings in shares of New Oriental Education & Tech Grp by 4.2% in the second quarter. Pillar Pacific Capital Management LLC now owns 8,855 shares of the company’s stock worth $856,000 after acquiring an additional 360 shares during the period. BlackRock Inc. grew its holdings in shares of New Oriental Education & Tech Grp by 1.3% in the second quarter. BlackRock Inc. now owns 8,823,842 shares of the company’s stock worth $852,207,000 after acquiring an additional 114,755 shares during the period. Finally, Railway Pension Investments Ltd purchased a new stake in New Oriental Education & Tech Grp during the third quarter valued at $2,026,000. Hedge funds and other institutional investors own 90.04% of the company’s stock.

About New Oriental Education & Tech Grp

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through Language Training and Test Preparation Courses, and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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Analyst Recommendations for New Oriental Education & Tech Grp (NYSE:EDU)

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