New Oriental Education & Technology Group Inc. (NYSE:EDU)’s share price reached a new 52-week high on Thursday . The stock traded as high as $45.37 and last traded at $45.24, with a volume of 947,065 shares trading hands. The stock had previously closed at $44.31.

Several research firms have weighed in on EDU. T.H. Capital boosted their target price on shares of New Oriental Education & Technology Group from $34.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, July 21st. Zacks Investment Research upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, April 19th. Jefferies Group reiterated a “buy” rating and issued a $50.00 target price on shares of New Oriental Education & Technology Group in a report on Friday, July 8th. Morgan Stanley began coverage on shares of New Oriental Education & Technology Group in a report on Thursday, April 14th. They issued an “overweight” rating and a $43.00 target price on the stock. Finally, Brean Capital assumed coverage on shares of New Oriental Education & Technology Group in a report on Thursday, July 21st. They issued a “buy” rating and a $52.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $41.27.

The firm has a market cap of $7.07 billion and a P/E ratio of 31.55. The stock has a 50 day moving average price of $41.53 and a 200-day moving average price of $36.68.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $394.90 million for the quarter, compared to analysts’ expectations of $389.98 million. During the same quarter last year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. Equities research analysts predict that New Oriental Education & Technology Group Inc. will post $1.81 earnings per share for the current year.

Several large investors have recently modified their holdings of EDU. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth approximately $1,020,000. GSA Capital Partners LLP increased its stake in shares of 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. purchased a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth approximately $1,033,000. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of 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. purchased a new stake in shares of 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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