Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $48.04, but opened at $51.14. New Oriental Education & Technology Group shares last traded at $50.50, with a volume of 355,338 shares traded.
Analyst Ratings Changes
A number of research analysts have recently commented on EDU shares. StockNews.com lowered New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Thursday. JPMorgan Chase & Co. lowered New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $85.00 to $50.00 in a report on Wednesday, January 22nd. Macquarie lowered New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and cut their price target for the stock from $79.00 to $44.00 in a report on Wednesday, January 22nd. Morgan Stanley lowered New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $83.00 to $52.00 in a report on Wednesday, January 22nd. Finally, Citigroup lowered New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $83.00 to $50.00 in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.20.
New Oriental Education & Technology Group Stock Up 5.6 %
Institutional Trading of New Oriental Education & Technology Group
A number of institutional investors and hedge funds have recently modified their holdings of EDU. Oppenheimer Asset Management Inc. bought a new stake in New Oriental Education & Technology Group in the third quarter valued at $297,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in New Oriental Education & Technology Group in the third quarter valued at $316,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in New Oriental Education & Technology Group in the third quarter valued at $1,609,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in New Oriental Education & Technology Group by 3.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 592,564 shares of the company’s stock valued at $44,940,000 after acquiring an additional 19,401 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in New Oriental Education & Technology Group by 12.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 99,858 shares of the company’s stock valued at $7,573,000 after acquiring an additional 11,423 shares during the period.
About New Oriental Education & Technology Group
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.
See Also
- Five stocks we like better than New Oriental Education & Technology Group
- How to Evaluate a Stock Before Buying
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- What is a Stock Market Index and How Do You Use Them?
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for New Oriental Education & Technology Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Oriental Education & Technology Group and related companies with MarketBeat.com's FREE daily email newsletter.