New Oriental Education & Technology Group (NYSE:EDU) Shares Gap Up to $74.05

Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) gapped up before the market opened on Monday . The stock had previously closed at $74.05, but opened at $77.00. New Oriental Education & Technology Group shares last traded at $76.98, with a volume of 337,780 shares.

Wall Street Analysts Forecast Growth

EDU has been the subject of a number of research reports. Morgan Stanley increased their price target on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Citigroup boosted their price target 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. Finally, HSBC assumed coverage on New Oriental Education & Technology Group in a report on Wednesday, May 29th. They set a “buy” rating and a $110.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $100.75.

New Oriental Education & Technology Group Stock Performance

The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 39.99 and a beta of 0.44. The firm’s 50-day moving average price is $77.61 and its two-hundred day moving average price is $82.58.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). New Oriental Education & Technology Group had a net margin of 7.72% and a return on equity of 8.11%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.09 billion. As a group, equities research analysts anticipate that New Oriental Education & Technology Group Inc. will post 1.86 EPS for the current year.

Institutional Trading of New Oriental Education & Technology Group

Institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD acquired a new stake in shares of New Oriental Education & Technology Group during the first quarter worth approximately $103,392,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in New Oriental Education & Technology Group by 141.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,608,792 shares of the company’s stock valued at $117,892,000 after purchasing an additional 942,392 shares during the last quarter. Shah Capital Management acquired a new position in New Oriental Education & Technology Group in the fourth quarter worth $60,659,000. UBS Group AG grew its holdings in shares of New Oriental Education & Technology Group by 557.4% during the fourth quarter. UBS Group AG now owns 862,911 shares of the company’s stock worth $63,234,000 after purchasing an additional 731,652 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of New Oriental Education & Technology Group by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,374,408 shares of the company’s stock valued at $173,997,000 after buying an additional 646,122 shares in the last quarter.

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.