New Oriental Education & Technology Group (NYSE:EDU) Now Covered by HSBC

HSBC began coverage on shares of New Oriental Education & Technology Group (NYSE:EDU) in a report issued on Wednesday morning, StockNewsAPI reports. The firm issued a buy rating and a $110.00 price objective on the stock.

Several other analysts have also recently issued reports on the company. Morgan Stanley increased their price objective on New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an overweight rating in a research note on Thursday, March 28th. Citigroup increased their price objective on New Oriental Education & Technology Group from $66.00 to $127.00 and gave the company a buy rating in a research note on Thursday, April 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, New Oriental Education & Technology Group has a consensus rating of Moderate Buy and an average target price of $100.75.

New Oriental Education & Technology Group Stock Down 4.6 %

EDU opened at $79.93 on Wednesday. New Oriental Education & Technology Group has a 52 week low of $36.22 and a 52 week high of $98.20. The business has a fifty day simple moving average of $84.08 and a 200-day simple moving average of $82.13. The firm has a market cap of $13.56 billion, a P/E ratio of 42.97 and a beta of 0.52.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.06). The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.09 billion. New Oriental Education & Technology Group had a return on equity of 8.11% and a net margin of 7.72%. Sell-side analysts expect that New Oriental Education & Technology Group will post 1.86 earnings per share for the current year.

Institutional Trading of New Oriental Education & Technology Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. raised its stake in New Oriental Education & Technology Group by 1,642.9% in the fourth quarter. Assetmark Inc. now owns 610 shares of the company’s stock valued at $45,000 after buying an additional 575 shares in the last quarter. Yousif Capital Management LLC acquired a new stake in New Oriental Education & Technology Group in the first quarter valued at $231,000. Jump Financial LLC acquired a new stake in New Oriental Education & Technology Group in the fourth quarter valued at $235,000. Panagora Asset Management Inc. acquired a new stake in New Oriental Education & Technology Group in the fourth quarter valued at $240,000. Finally, Personal CFO Solutions LLC acquired a new stake in New Oriental Education & Technology Group in the third quarter valued at $200,000.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.