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

New Oriental Education & Technology Group Inc. (NYSE:EDUGet Free Report) 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.

Get Our Latest Stock Report on EDU

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

(Get Free Report

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.

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Analyst Recommendations for New Oriental Education & Technology Group (NYSE:EDU)

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