New Oriental Education & Technology Group (NYSE:EDU) Stock Rating Upgraded by StockNews.com

New Oriental Education & Technology Group (NYSE:EDU) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other research firms have also recently weighed in on EDU. Morgan Stanley cut New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $83.00 to $52.00 in a research report on Wednesday, January 22nd. Citigroup lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $83.00 to $50.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. cut New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and cut their price target for the company from $85.00 to $50.00 in a report on Wednesday, January 22nd. Finally, Macquarie cut New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and lowered their price objective for the company from $79.00 to $44.00 in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $61.20.

New Oriental Education & Technology Group Price Performance

Shares of New Oriental Education & Technology Group stock opened at $48.59 on Wednesday. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 20.68 and a beta of 0.47. The stock has a 50-day simple moving average of $53.98 and a 200-day simple moving average of $60.47. New Oriental Education & Technology Group has a 52-week low of $44.46 and a 52-week high of $95.88.

Institutional Investors Weigh In On New Oriental Education & Technology Group

A number of institutional investors have recently made changes to their positions in the stock. Fiera Capital Corp boosted its stake in New Oriental Education & Technology Group by 19.8% during the 3rd quarter. Fiera Capital Corp now owns 51,371 shares of the company’s stock worth $3,896,000 after acquiring an additional 8,499 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in New Oriental Education & Technology Group by 192.2% during the third quarter. JPMorgan Chase & Co. now owns 826,783 shares of the company’s stock worth $62,703,000 after acquiring an additional 543,810 shares in the last quarter. Monolith Management Ltd acquired a new stake in shares of New Oriental Education & Technology Group in the 3rd quarter valued at about $15,168,000. Massachusetts Financial Services Co. MA raised its position in New Oriental Education & Technology Group by 12.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 99,858 shares of the company’s stock valued at $7,573,000 after buying an additional 11,423 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in New Oriental Education & Technology Group by 3.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 592,564 shares of the company’s stock worth $44,940,000 after acquiring an additional 19,401 shares during the last quarter.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.