New Oriental Education & Technology Group Inc. (NYSE:EDU) rose 2.5% on Thursday . The company traded as high as $40.57 and last traded at $40.57, with a volume of 581,855 shares. The stock had previously closed at $39.59.

EDU has been the subject of a number of research analyst reports. Zacks Investment Research downgraded New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 2nd. T.H. Capital lifted their target price on New Oriental Education & Technology Group from $34.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. 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. Brean Capital reiterated a “buy” rating on shares of New Oriental Education & Technology Group in a report on Tuesday, August 2nd. Finally, Nomura raised their price objective on New Oriental Education & Technology Group from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, July 21st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $41.27.

The firm has a market cap of $6.29 billion and a price-to-earnings ratio of 28.02. The firm has a 50-day moving average of $42.57 and a 200-day moving average of $38.42.

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

An institutional investor recently bought a new position in New Oriental Education & Technology Group stock. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,500 shares of the company’s stock, valued at 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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