New Oriental Education & Technology Group Inc. (NYSE:EDU)’s share price fell 1.5% during mid-day trading on Tuesday . The company traded as low as $41.03 and last traded at $41.20, with a volume of 520,407 shares changing hands. The stock had previously closed at $41.84.

A number of brokerages have issued reports on EDU. Jefferies Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of New Oriental Education & Technology Group in a research report on Friday. Zacks Investment Research upgraded New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Tuesday, April 19th. Morgan Stanley began coverage on New Oriental Education & Technology Group in a report on Thursday, April 14th. They issued an “overweight” rating and a $43.00 price target for the company. Brean Capital reiterated a “buy” rating and issued a $49.00 price target (up from $41.00) on shares of New Oriental Education & Technology Group in a report on Wednesday, April 20th. Finally, JPMorgan Chase & Co. downgraded New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $38.00 to $36.00 in a report on Friday, March 18th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $38.90.

The company has a 50-day moving average price of $41.17 and a 200 day moving average price of $35.64. The company has a market capitalization of $6.42 billion and a PE ratio of 29.45.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings data on Tuesday, April 19th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The firm earned $346.90 million during the quarter, compared to analysts’ expectations of $335.96 million. The firm’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. Analysts anticipate that New Oriental Education & Technology Group Inc. will post $1.43 earnings per share for the current year.

Other hedge funds recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. bought a new stake in New Oriental Education & Technology Group during the fourth quarter worth approximately $1,020,000. GSA Capital Partners LLP boosted its stake in New Oriental Education & Technology Group by 40.0% in the fourth quarter. GSA Capital Partners LLP now owns 32,930 shares of the company’s stock worth $1,033,000 after buying an additional 9,406 shares during the period. Shell Asset Management Co. bought a new stake in New Oriental Education & Technology Group during the fourth quarter worth approximately $1,033,000. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in New Oriental Education & Technology Group by 8.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 43,500 shares of the company’s stock worth $1,365,000 after buying an additional 3,500 shares during the period. Finally, Dai Ichi Life Insurance CO. LTD. bought a new stake in New Oriental Education & Technology Group during the fourth quarter worth approximately $1,600,000.

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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