Analysts Set New Oriental Education & Technology Group Inc. (NYSE:EDU) Price Target at $61.20

New Oriental Education & Technology Group Inc. (NYSE:EDU) has earned a consensus rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $61.20.

EDU has been the subject of several research reports. Macquarie cut New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and reduced their price objective for the company from $79.00 to $44.00 in a research report on Wednesday, January 22nd. Citigroup cut New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $83.00 to $50.00 in a research report on Friday, January 24th. Morgan Stanley cut New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $83.00 to $52.00 in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. cut New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $85.00 to $50.00 in a research report on Wednesday, January 22nd. Finally, StockNews.com cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th.

New Oriental Education & Technology Group Stock Up 0.1 %

Shares of EDU stock opened at $50.79 on Thursday. New Oriental Education & Technology Group has a 12 month low of $44.46 and a 12 month high of $95.88. The business’s 50 day moving average is $51.71 and its two-hundred day moving average is $59.45. The company has a market cap of $8.62 billion, a PE ratio of 21.61 and a beta of 0.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GeoWealth Management LLC lifted its holdings in shares of New Oriental Education & Technology Group by 258.5% during the fourth quarter. GeoWealth Management LLC now owns 441 shares of the company’s stock valued at $28,000 after acquiring an additional 318 shares during the period. Westpac Banking Corp bought a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at $45,000. SBI Securities Co. Ltd. bought a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at $51,000. Natixis lifted its holdings in shares of New Oriental Education & Technology Group by 39.2% during the fourth quarter. Natixis now owns 881 shares of the company’s stock valued at $57,000 after acquiring an additional 248 shares during the period. Finally, BNP Paribas bought a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at $113,000.

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.