Citigroup Increases New Oriental Education & Tech Grp (EDU) Price Target to $115.00

New Oriental Education & Tech Grp (NYSE:EDU) had its price target upped by Citigroup from $80.00 to $115.00 in a research note published on Thursday, The Fly reports. They currently have a buy rating on the stock.

Other research analysts have also issued reports about the stock. ValuEngine upgraded shares of New Oriental Education & Tech Grp from a hold rating to a buy rating in a research note on Wednesday, January 30th. Macquarie set a $75.00 price target on shares of New Oriental Education & Tech Grp and gave the stock a buy rating in a research note on Tuesday, January 15th. TheStreet lowered shares of New Oriental Education & Tech Grp from a b- rating to a c+ rating in a research note on Thursday, December 13th. Zacks Investment Research upgraded shares of New Oriental Education & Tech Grp from a sell rating to a hold rating in a research note on Thursday, December 27th. Finally, JPMorgan Chase & Co. lowered shares of New Oriental Education & Tech Grp from an overweight rating to a neutral rating and set a $76.64 price target on the stock. in a research note on Monday, February 11th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $85.42.

Shares of New Oriental Education & Tech Grp stock opened at $90.87 on Thursday. New Oriental Education & Tech Grp has a 52-week low of $50.30 and a 52-week high of $108.24. The stock has a market cap of $12.92 billion, a PE ratio of 48.59, a PEG ratio of 1.60 and a beta of 1.61.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its quarterly earnings results on Tuesday, January 22nd. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.11. New Oriental Education & Tech Grp had a net margin of 8.32% and a return on equity of 13.78%. The business had revenue of $597.07 million for the quarter, compared to analyst estimates of $578.50 million. During the same period in the previous year, the business posted $0.09 earnings per share. The business’s revenue was up 27.8% compared to the same quarter last year. Research analysts predict that New Oriental Education & Tech Grp will post 1.68 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc boosted its holdings in New Oriental Education & Tech Grp by 1.5% during the third quarter. Vanguard Group Inc now owns 4,799,521 shares of the company’s stock worth $355,212,000 after buying an additional 72,472 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of New Oriental Education & Tech Grp by 25.4% in the fourth quarter. M&T Bank Corp now owns 39,141 shares of the company’s stock valued at $2,145,000 after purchasing an additional 7,938 shares in the last quarter. Guinness Atkinson Asset Management Inc lifted its holdings in shares of New Oriental Education & Tech Grp by 9.0% in the fourth quarter. Guinness Atkinson Asset Management Inc now owns 132,340 shares of the company’s stock valued at $7,253,000 after purchasing an additional 10,940 shares in the last quarter. First Foundation Advisors lifted its holdings in shares of New Oriental Education & Tech Grp by 57.1% in the fourth quarter. First Foundation Advisors now owns 30,000 shares of the company’s stock valued at $1,644,000 after purchasing an additional 10,900 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of New Oriental Education & Tech Grp by 76.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,393,505 shares of the company’s stock valued at $76,372,000 after purchasing an additional 603,600 shares in the last quarter. 84.45% of the stock is currently owned by hedge funds and other institutional investors.

New Oriental Education & Tech Grp Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through Language Training and Test Preparation Courses, and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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