Brokerages Set New Oriental Education & Technology Group, Inc. (NYSE:EDU) Price Target at $59.53

by · The Cerbat Gem

Shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU – Get Free Report) have been given an average recommendation of “Hold” by the eleven analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $59.5333.

Several research analysts recently commented on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $60.00 target price on shares of New Oriental Education & Technology Group in a report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of New Oriental Education & Technology Group in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective on New Oriental Education & Technology Group from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Zacks Research upgraded New Oriental Education & Technology Group from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Bank of America raised their target price on New Oriental Education & Technology Group from $56.20 to $58.20 and gave the company a “buy” rating in a report on Monday, September 29th.

Get Our Latest Analysis on EDU

Institutional Trading of New Oriental Education & Technology Group

A number of hedge funds have recently bought and sold shares of EDU. TD Waterhouse Canada Inc. boosted its holdings in New Oriental Education & Technology Group by 2.5% during the third quarter. TD Waterhouse Canada Inc. now owns 9,108 shares of the company’s stock valued at $485,000 after purchasing an additional 218 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of New Oriental Education & Technology Group by 2.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 12,922 shares of the company’s stock worth $686,000 after buying an additional 300 shares in the last quarter. KBC Group NV lifted its position in shares of New Oriental Education & Technology Group by 11.3% during the 2nd quarter. KBC Group NV now owns 4,474 shares of the company’s stock worth $241,000 after buying an additional 454 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in New Oriental Education & Technology Group by 7,314.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock valued at $28,000 after buying an additional 512 shares in the last quarter. Finally, Fox Run Management L.L.C. boosted its stake in New Oriental Education & Technology Group by 5.7% in the 3rd quarter. Fox Run Management L.L.C. now owns 10,548 shares of the company’s stock valued at $560,000 after buying an additional 573 shares in the last quarter.

New Oriental Education & Technology Group Stock Down 0.5%

NYSE:EDU opened at $58.59 on Wednesday. The company’s 50 day moving average is $54.45 and its 200-day moving average is $52.40. New Oriental Education & Technology Group has a 12 month low of $40.66 and a 12 month high of $62.89. The firm has a market cap of $9.26 billion, a price-to-earnings ratio of 25.81, a P/E/G ratio of 1.39 and a beta of 0.29.

New Oriental Education & Technology Group Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th were paid a $0.60 dividend. The ex-dividend date was Tuesday, November 18th. New Oriental Education & Technology Group’s dividend payout ratio (DPR) is presently 25.55%.

New Oriental Education & Technology Group Company Profile

(Get Free Report)

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.

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