New Oriental Education & Technology Group Inc. (NYSE:EDU)’s share price rose 1.9% during trading on Tuesday . The company traded as high as $42.03 and last traded at $41.87, with a volume of 1,885,333 shares. The stock had previously closed at $41.09.

A number of equities research analysts recently weighed in on EDU shares. Morgan Stanley started coverage on shares of New Oriental Education & Technology Group in a report on Thursday, April 14th. They set an “overweight” rating and a $43.00 price objective for the company. Brean Capital reiterated 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 report on Wednesday, April 20th. Zacks Investment Research upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Wednesday, June 22nd. Finally, Jefferies Group reiterated a “buy” rating and set a $50.00 price objective on shares of New Oriental Education & Technology Group in a report on Friday, July 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $38.90.

The company has a 50-day moving average of $41.06 and a 200-day moving average of $35.95. The stock has a market capitalization of $6.56 billion and a PE ratio of 30.09.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Tuesday, April 19th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.06. The firm earned $346.90 million during the quarter, compared to analysts’ expectations of $335.96 million. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. Equities research analysts forecast that New Oriental Education & Technology Group Inc. will post $1.44 earnings per share for the current year.

Several hedge funds and institutional investors have bought and sold shares of the stock. Schroder Investment Management Group raised its position in 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. Boston Partners raised its position in 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. California Public Employees Retirement System raised its position in New Oriental Education & Technology Group by 19.4% in the fourth quarter. California Public Employees Retirement System now owns 400,800 shares of the company’s stock valued at $12,573,000 after buying an additional 65,100 shares during the last quarter. Morgan Stanley raised its position in New Oriental Education & Technology Group by 63.8% in the fourth quarter. Morgan Stanley now owns 282,997 shares of the company’s stock valued at $8,878,000 after buying an additional 110,265 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new position in New Oriental Education & Technology Group during the fourth quarter valued at approximately $7,940,000.

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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