New Oriental Education & Technology Group Inc. (NYSE:EDU) Receives $61.20 Consensus Target Price from Analysts

New Oriental Education & Technology Group Inc. (NYSE:EDU) has been assigned an average recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $61.20.

A number of analysts recently weighed in on EDU shares. Citigroup downgraded New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $83.00 to $50.00 in a research note on Friday, January 24th. Morgan Stanley downgraded New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $83.00 to $52.00 in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. downgraded New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $85.00 to $50.00 in a research note on Wednesday, January 22nd. Macquarie cut New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and lowered their price target for the stock from $79.00 to $44.00 in a report on Wednesday, January 22nd. Finally, StockNews.com cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Thursday.

New Oriental Education & Technology Group Stock Performance

NYSE:EDU opened at $50.74 on Thursday. New Oriental Education & Technology Group has a fifty-two week low of $44.46 and a fifty-two week high of $95.88. The stock has a market capitalization of $8.61 billion, a P/E ratio of 21.59 and a beta of 0.47. The company has a 50 day moving average price of $51.94 and a 200 day moving average price of $59.55.

Institutional Investors Weigh In On New Oriental Education & Technology Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Amiral Gestion purchased a new stake in shares of New Oriental Education & Technology Group in the fourth quarter valued at $1,027,000. GF Fund Management CO. LTD. purchased a new position in New Oriental Education & Technology Group in the 4th quarter valued at about $2,176,000. Vise Technologies Inc. purchased a new position in New Oriental Education & Technology Group in the 4th quarter valued at about $228,000. Point72 Asset Management L.P. purchased a new position in New Oriental Education & Technology Group in the 4th quarter valued at about $3,690,000. Finally, Point72 Hong Kong Ltd purchased a new position in New Oriental Education & Technology Group in the 4th quarter valued at about $22,139,000.

About New Oriental Education & Technology Group

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.