Citigroup Raises New Oriental Education & Technology Group (NYSE:EDU) Price Target to $127.00

New Oriental Education & Technology Group (NYSE:EDU) had its target price boosted by equities researchers at Citigroup from $66.00 to $127.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 52.53% from the stock’s current price.

Several other equities research analysts have also recently issued reports on EDU. StockNews.com cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Morgan Stanley raised their price objective on New Oriental Education & Technology Group from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.67.

New Oriental Education & Technology Group Price Performance

EDU opened at $83.26 on Thursday. The business has a 50 day simple moving average of $89.25 and a 200-day simple moving average of $78.82. The stock has a market capitalization of $14.13 billion, a P/E ratio of 44.76 and a beta of 0.49. New Oriental Education & Technology Group has a 12 month low of $35.70 and a 12 month high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). The firm had revenue of $869.60 million during the quarter, compared to analysts’ expectations of $814.01 million. New Oriental Education & Technology Group had a net margin of 7.72% and a return on equity of 8.20%. The business’s revenue for the quarter was up 36.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 earnings per share. Research analysts anticipate that New Oriental Education & Technology Group will post 2.02 EPS for the current year.

Institutional Trading of New Oriental Education & Technology Group

Several hedge funds and other institutional investors have recently bought and sold shares of EDU. Assetmark Inc. increased its holdings in New Oriental Education & Technology Group by 1,642.9% in the fourth quarter. Assetmark Inc. now owns 610 shares of the company’s stock valued at $45,000 after buying an additional 575 shares during the last quarter. Personal CFO Solutions LLC acquired a new stake in shares of New Oriental Education & Technology Group during the 3rd quarter worth approximately $200,000. AFG Fiduciary Services Limited Partnership acquired a new stake in shares of New Oriental Education & Technology Group during the 3rd quarter worth approximately $218,000. Yousif Capital Management LLC acquired a new stake in shares of New Oriental Education & Technology Group during the 1st quarter worth approximately $231,000. Finally, Jump Financial LLC acquired a new stake in shares of New Oriental Education & Technology Group during the 4th quarter worth approximately $235,000.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.