New Oriental Education & Technology Group Inc. (NYSE:EDU) traded up 1.7% during mid-day trading on Friday . The company traded as high as $42.98 and last traded at $42.80, with a volume of 1,136,672 shares traded. The stock had previously closed at $42.10.

A number of equities research analysts have issued reports on EDU shares. T.H. Capital upped their price target 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. Jefferies Group restated a “buy” rating and set a $50.00 price target on shares of New Oriental Education & Technology Group in a report on Friday, July 8th. Zacks Investment Research upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Friday, July 22nd. Brean Capital started coverage on shares of New Oriental Education & Technology Group in a report on Thursday, July 21st. They set a “buy” rating and a $52.00 price target for the company. Finally, Nomura upped their price target on shares of New Oriental Education & Technology Group from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, July 21st. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. New Oriental Education & Technology Group has a consensus rating of “Buy” and an average target price of $41.27.

The stock has a 50-day moving average of $42.69 and a 200-day moving average of $38.16. The firm has a market capitalization of $6.72 billion and a PE ratio of 29.94.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The business earned $394.90 million during the quarter, compared to analyst estimates of $389.98 million. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. On average, equities research analysts expect that New Oriental Education & Technology Group Inc. will post $1.80 EPS for the current fiscal year.

Other large investors have modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of New Oriental Education & Technology Group during the fourth quarter valued at about $5,076,000. BNP Paribas Arbitrage SA increased its position in shares of New Oriental Education & Technology Group by 182.1% in the fourth quarter. BNP Paribas Arbitrage SA now owns 179,938 shares of the company’s stock worth $5,645,000 after buying an additional 116,148 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in shares of New Oriental Education & Technology Group during the fourth quarter worth approximately $1,020,000.

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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