Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) traded up 1.3% during trading on Tuesday . The stock traded as high as $42.92 and last traded at $42.60, with a volume of 3,629,897 shares traded. The stock had previously closed at $42.06.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, April 19th. Morgan Stanley assumed coverage on shares of New Oriental Education & Technology Group in a research report on Thursday, April 14th. They set an “overweight” rating and a $43.00 price objective for the company. Brean Capital reaffirmed a “buy” rating and set a $49.00 price objective (up previously from $41.00) on shares of New Oriental Education & Technology Group in a research report on Wednesday, April 20th. Finally, JPMorgan Chase & Co. downgraded shares of New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $38.00 to $36.00 in a research report on Friday, March 18th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $37.10.

The stock has a market cap of $6.50 billion and a P/E ratio of 29.82. The stock has a 50-day moving average price of $41.06 and a 200 day moving average price of $35.42.

New Oriental Education & Technology Group (NYSE:EDU) last released its earnings results on Tuesday, April 19th. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.06. The firm earned $346.90 million during the quarter, compared to the consensus estimate of $335.96 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. On average, equities analysts predict that New Oriental Education & Technology Group Inc. will post $1.43 earnings per share for the current year.

A number of hedge funds recently made changes to their positions in EDU. Shell Asset Management Co. bought a new stake in shares of New Oriental Education & Technology Group during the fourth quarter valued at $1,033,000. Boston Partners increased its stake in shares of New Oriental Education & Technology Group by 5.8% in the fourth quarter. Boston Partners now owns 2,753,245 shares of the company’s stock valued at $86,369,000 after buying an additional 151,546 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. bought a new stake in shares of New Oriental Education & Technology Group during the fourth quarter valued at $1,637,000. Dai Ichi Life Insurance CO. LTD. bought a new stake in shares of New Oriental Education & Technology Group during the fourth quarter valued at $1,600,000. Finally, Schroder Investment Management Group increased its stake in shares of New Oriental Education & Technology Group by 69.0% in the fourth quarter. Schroder Investment Management Group now owns 4,379,953 shares of the company’s stock valued at $137,399,000 after buying an additional 1,788,518 shares during the last quarter.

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company offers a range of educational programs, services and products, consisting primarily of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education.

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