Analysts Set New Oriental Education & Technology Group, Inc. (NYSE:EDU) PT at $66.24

New Oriental Education & Technology Group, Inc. (NYSE:EDU) has been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $64.54.

Several equities analysts have recently commented on EDU shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of New Oriental Education & Technology Group in a research report on Tuesday, July 21st. Wall Street Zen lowered New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Saturday. New Street Research set a $56.50 price objective on New Oriental Education & Technology Group in a report on Thursday. Finally, The Goldman Sachs Group upgraded New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and cut their price objective for the company from $67.00 to $65.00 in a research note on Thursday, June 11th.

Institutional Investors Weigh In On New Oriental Education & Technology Group

Institutional investors have recently made changes to their positions in the company. Amundi lifted its stake in New Oriental Education & Technology Group by 14.4% during the first quarter. Amundi now owns 507,774 shares of the company’s stock worth $28,755,000 after purchasing an additional 63,845 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in New Oriental Education & Technology Group by 106.9% in the first quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock worth $31,000 after purchasing an additional 279 shares during the period. Quantinno Capital Management LP increased its stake in New Oriental Education & Technology Group by 27.9% during the first quarter. Quantinno Capital Management LP now owns 48,862 shares of the company’s stock valued at $2,767,000 after purchasing an additional 10,669 shares during the last quarter. Lazard Asset Management LLC bought a new stake in New Oriental Education & Technology Group during the first quarter valued at $18,528,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of New Oriental Education & Technology Group during the first quarter worth $209,000.

New Oriental Education & Technology Group Price Performance

Shares of EDU stock opened at $58.89 on Friday. The firm has a fifty day moving average of $47.87 and a two-hundred day moving average of $53.14. The firm has a market cap of $9.31 billion, a P/E ratio of 19.89, a P/E/G ratio of 0.62 and a beta of 0.19. New Oriental Education & Technology Group has a 1-year low of $43.27 and a 1-year high of $64.97.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group (NYSE: EDU) is one of China’s leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company’s offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental’s curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources.

Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.