Economy

New Oriental Education & Technology Group, Inc. (NYSE:EDU) Under Analyst Spotlight

New Oriental Education & Technology Group, Inc. (NYSE:EDU) Under Analyst Spotlight”

(NYSE:EDU) by 24.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. As per Wednesday, October 21, the company rating was upgraded by Brean Capital. New Oriental Education & now has $14.33B valuation.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Pillar Pacific Capital Management LLC grew its position in New Oriental Education & Technology Group by 0.6% in the second quarter. (NYSE:EDU). The stock saw a move of 0.93% during the latest trading session. First Trust Advisors LP raised its stake in shares of New Oriental Education & Technology Group by 49.0% in the 1st quarter. The stock rose 2.91% or $2.65 reaching $93.66 per share. New Oriental Education & Technology Group, Inc. Comerica Bank now owns 9,042 shares of the company's stock worth $588,000 after acquiring an additional 116 shares in the last quarter.

12Th Street Asset Management Company Llc holds 3.73% of its portfolio in Stoneridge, Inc. for 696,251 shares. Moreover, Netols Asset Management Inc. has 0.72% invested in the company for 854,438 shares. Hexavest Inc sold 60,913 shares as New Oriental Ed&Tech (EDU)'s stock rose 45.08%. "(EDU)" was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this news story on another site, it was illegally copied and reposted in violation of worldwide trademark & copyright legislation. (NYSE:EDU) opened at 91.86 on Thursday. In terms of the stock price in relation to its moving averages, company shares are 11.35% away from the 20-day moving average and 15.14% off of the 50-day average. The company has market cap of $14.67 billion.

New Oriental Education & Technology Group (NYSE:EDU) last issued its earnings results on Tuesday, July 25th. The stock of New Oriental Education & Tech Grp (ADR) (NYSE:EDU) earned "Outperform" rating by Credit Suisse on Thursday, January 14. The company reported $0.35 EPS for the quarter, missing the Zacks' consensus estimate of $0.38 by ($0.03). The firm had revenue of $486.40 million for the quarter, compared to analysts' expectations of $477.81 million. OppenheimerFunds has an ownership of 9,328,992 stocks of the firms shares valued $563,284,000 following purchasing an extra 134,050 stocks in the previous period. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, September 1st. This is an increase from New Oriental Education & Technology Group's previous special dividend of $0.40.

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of New Oriental Education & Technology Group, Inc. JP Morgan maintained it with "Overweight" rating and $27 target in Wednesday, September 9 report. UBS AG assumed coverage on shares of New Oriental Education & Technology Group in a research report on Tuesday, August 1st. The firm bought 448,045 shares of the company's stock, valued at approximately $31,583,000.

JPMorgan has downgraded New Oriental Education & Technology (NYSE:EDU) from Neutral to Underweight in a statement released on 9/14/2017. Jefferies reiterated a "buy" recommendation and given a $74.80 target price on the stock of New Oriental Education & Technology Group in a study report published on Fri, Jul 14th. Finally, BidaskClub cut shares of New Oriental Education & Technology Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, July 25th. The stock has "Buy" rating by Jefferies on Wednesday, October 21. 1 equities equity analyst has recommended the share with a sell recommendation, two have published a hold recommendation and nine has issued a buy recommendation to the firms shares. the share now has a average recommendation of "Buy" and an average price target of $79.32.

Investors are sharpening their focus on shares of New Oriental Education & Technology Group Inc. Delivering semiconductor system solutions with software and hardware reference designs, the Company enables original equipment manufacturers, original design manufacturers, consumer electronics manufacturers and service providers to develop new products. The Firm operates through seven divisions, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.



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