New Oriental Education & Tech Grp (NYSE:EDU) Given New $155.00 Price Target at Benchmark

New Oriental Education & Tech Grp (NYSE:EDU) had its price target hoisted by Benchmark from $130.00 to $155.00 in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. The firm currently has a buy rating on the stock.

Other analysts have also issued reports about the company. ValuEngine upgraded New Oriental Education & Tech Grp from a strong sell rating to a sell rating in a report on Tuesday, December 3rd. Macquarie increased their price objective on New Oriental Education & Tech Grp from $150.00 to $155.00 and gave the stock an outperform rating in a report on Thursday, January 9th. Zacks Investment Research raised shares of New Oriental Education & Tech Grp from a hold rating to a buy rating and set a $147.00 price objective on the stock in a research report on Thursday, January 9th. JPMorgan Chase & Co. raised shares of New Oriental Education & Tech Grp from a neutral rating to an overweight rating and boosted their target price for the stock from $88.00 to $143.00 in a research report on Thursday, October 17th. Finally, Citigroup restated a buy rating and set a $130.00 price target (up previously from $115.00) on shares of New Oriental Education & Tech Grp in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. New Oriental Education & Tech Grp has a consensus rating of Buy and an average target price of $129.25.

NYSE:EDU traded up $1.29 during trading hours on Tuesday, hitting $133.47. 87,622 shares of the company’s stock traded hands, compared to its average volume of 797,807. The stock’s fifty day moving average price is $126.71 and its two-hundred day moving average price is $114.42. The firm has a market cap of $19.35 billion, a P/E ratio of 52.76 and a beta of 1.43. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.49 and a current ratio of 1.50. New Oriental Education & Tech Grp has a twelve month low of $69.11 and a twelve month high of $141.60.

New Oriental Education & Tech Grp (NYSE:EDU) last announced its quarterly earnings data on Monday, January 20th. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.16. New Oriental Education & Tech Grp had a return on equity of 16.81% and a net margin of 11.53%. The firm had revenue of $785.21 million during the quarter. During the same quarter in the previous year, the business posted $0.14 earnings per share. On average, equities research analysts predict that New Oriental Education & Tech Grp will post 3.14 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Nkcfo LLC acquired a new stake in New Oriental Education & Tech Grp in the 4th quarter valued at approximately $30,000. Carroll Financial Associates Inc. bought a new stake in shares of New Oriental Education & Tech Grp during the fourth quarter worth $32,000. Strategic Blueprint LLC bought a new stake in shares of New Oriental Education & Tech Grp during the third quarter worth $31,000. Quest Capital Management Inc. ADV acquired a new stake in shares of New Oriental Education & Tech Grp in the third quarter valued at $32,000. Finally, Stonebridge Capital Advisors LLC acquired a new stake in shares of New Oriental Education & Tech Grp in the second quarter valued at $29,000. Institutional investors and hedge funds own 86.82% of the company’s stock.

New Oriental Education & Tech Grp Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through Language Training and Test Preparation Courses, and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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Analyst Recommendations for New Oriental Education & Tech Grp (NYSE:EDU)

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