Zacks Investment Research upgraded shares of New Oriental Education & Tech Grp (NYSE:EDU) from a hold rating to a buy rating in a research note published on Monday, Zacks.com reports. They currently have $104.00 price target on the stock.
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.” “
Several other research analysts have also commented on EDU. TheStreet lowered shares of Trinity Industries from a b rating to a c rating in a research note on Thursday, April 25th. Deutsche Bank assumed coverage on shares of Carter’s in a research note on Tuesday, April 16th. They set a hold rating and a $99.00 price target on the stock. CICC Research upgraded shares of from a hold rating to a buy rating in a research note on Wednesday, April 24th. Citigroup upped their price target on shares of Vistra Energy from $32.00 to $36.00 and gave the company a buy rating in a research note on Thursday, April 11th. Finally, Nomura upped their price target on shares of New Oriental Education & Tech Grp from $100.00 to $105.00 and gave the company a buy rating in a research note on Friday, April 12th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $92.73.
NYSE:EDU opened at $95.87 on Monday. New Oriental Education & Tech Grp has a one year low of $50.30 and a one year high of $101.46. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.63. The company has a market cap of $13.75 billion, a price-to-earnings ratio of 50.74, a P/E/G ratio of 0.92 and a beta of 1.61. The firm has a 50-day simple moving average of $92.22.
New Oriental Education & Tech Grp (NYSE:EDU) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. The business had revenue of $796.70 million during the quarter, compared to analyst estimates of $788.52 million. New Oriental Education & Tech Grp had a net margin of 8.80% and a return on equity of 14.88%. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. Sell-side analysts expect that New Oriental Education & Tech Grp will post 1.71 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in EDU. Genesis Asset Managers LLP acquired a new position in New Oriental Education & Tech Grp during the first quarter worth $455,291,000. Norges Bank acquired a new position in New Oriental Education & Tech Grp during the fourth quarter worth $111,765,000. BlackRock Inc. raised its position in New Oriental Education & Tech Grp by 19.7% during the first quarter. BlackRock Inc. now owns 8,709,087 shares of the company’s stock worth $784,601,000 after acquiring an additional 1,435,806 shares during the period. Two Sigma Advisers LP raised its position in New Oriental Education & Tech Grp by 322.9% during the fourth quarter. Two Sigma Advisers LP now owns 1,627,600 shares of the company’s stock worth $89,209,000 after acquiring an additional 1,242,700 shares during the period. Finally, Two Sigma Investments LP raised its position in New Oriental Education & Tech Grp by 149.5% during the fourth quarter. Two Sigma Investments LP now owns 1,411,096 shares of the company’s stock worth $77,342,000 after acquiring an additional 845,415 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.
New Oriental Education & Tech Grp Company Profile
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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