New Oriental Education & Technology Group, Inc. (EDU) Downgraded by Vetr Inc. to Hold

New Oriental Education & Technology Group, Inc. (NYSE:EDU) was downgraded by Vetr from a “buy” rating to a “hold” rating in a report issued on Tuesday. They presently have a $94.84 price objective on the stock. Vetr‘s price target suggests a potential upside of 3.49% from the company’s current price.

Other equities analysts have also issued reports about the stock. Bank of America Corporation upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Monday, September 25th. UBS AG started coverage on shares of New Oriental Education & Technology Group in a report on Tuesday, August 1st. They issued a “buy” rating and a $96.75 price objective for the company. Zacks Investment Research lowered shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub lowered shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $74.80 target price on shares of New Oriental Education & Technology Group in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. New Oriental Education & Technology Group currently has a consensus rating of “Buy” and a consensus price target of $86.34.

Shares of New Oriental Education & Technology Group (NYSE:EDU) opened at 91.64 on Tuesday. New Oriental Education & Technology Group has a 12-month low of $37.16 and a 12-month high of $94.30. The firm has a market capitalization of $14.49 billion, a price-to-earnings ratio of 52.67 and a beta of 1.33. The company has a 50-day moving average price of $85.88 and a 200 day moving average price of $75.07.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). New Oriental Education & Technology Group had a return on equity of 17.02% and a net margin of 15.25%. The firm had revenue of $486.40 million during the quarter, compared to analysts’ expectations of $477.81 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. New Oriental Education & Technology Group’s revenue was up 23.2% on a year-over-year basis. Equities research analysts expect that New Oriental Education & Technology Group will post $2.38 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/10/new-oriental-education-technology-group-inc-edu-downgraded-by-vetr-inc-to-hold.html.

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in shares of New Oriental Education & Technology Group by 2.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock valued at $107,000 after acquiring an additional 35 shares during the period. Nippon Life Insurance Co. bought a new stake in shares of New Oriental Education & Technology Group during the 2nd quarter valued at $111,000. Advisor Group Inc. grew its position in shares of New Oriental Education & Technology Group by 182.5% during the 2nd quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock valued at $123,000 after acquiring an additional 1,126 shares during the period. Tower Research Capital LLC TRC grew its position in shares of New Oriental Education & Technology Group by 64.0% during the 1st quarter. Tower Research Capital LLC TRC now owns

Other equities analysts have also issued reports about the stock. Bank of America Corporation upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Monday, September 25th. UBS AG started coverage on shares of New Oriental Education & Technology Group in a report on Tuesday, August 1st. They issued a “buy” rating and a $96.75 price objective for the company. Zacks Investment Research lowered shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub lowered shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $74.80 target price on shares of New Oriental Education & Technology Group in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. New Oriental Education & Technology Group currently has a consensus rating of “Buy” and a consensus price target of $86.34.

Shares of New Oriental Education & Technology Group (NYSE:EDU) opened at 91.64 on Tuesday. New Oriental Education & Technology Group has a 12-month low of $37.16 and a 12-month high of $94.30. The firm has a market capitalization of $14.49 billion, a price-to-earnings ratio of 52.67 and a beta of 1.33. The company has a 50-day moving average price of $85.88 and a 200 day moving average price of $75.07.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). New Oriental Education & Technology Group had a return on equity of 17.02% and a net margin of 15.25%. The firm had revenue of $486.40 million during the quarter, compared to analysts’ expectations of $477.81 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. New Oriental Education & Technology Group’s revenue was up 23.2% on a year-over-year basis. Equities research analysts expect that New Oriental Education & Technology Group will post $2.38 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/10/new-oriental-education-technology-group-inc-edu-downgraded-by-vetr-inc-to-hold.html.

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in shares of New Oriental Education & Technology Group by 2.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock valued at $107,000 after acquiring an additional 35 shares during the period. Nippon Life Insurance Co. bought a new stake in shares of New Oriental Education & Technology Group during the 2nd quarter valued at $111,000. Advisor Group Inc. grew its position in shares of New Oriental Education & Technology Group by 182.5% during the 2nd quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock valued at $123,000 after acquiring an additional 1,126 shares during the period. Tower Research Capital LLC TRC grew its position in shares of New Oriental Education & Technology Group by 64.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,319 shares of the company’s stock valued at $140,000 after acquiring an additional 905 shares during the period. Finally, Stevens Capital Management LP bought a new stake in shares of New Oriental Education & Technology Group during the 2nd quarter valued at $207,000. Institutional investors and hedge funds own 76.05% of the company’s stock.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, 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.

Analyst Recommendations for New Oriental Education & Technology Group (NYSE:EDU)

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