New Oriental Education & Technology Group, Inc. (NYSE:EDU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday.

According to Zacks, “New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of English and other foreign language training, test preparation courses for major 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. New Oriental’s ADSs, each of which represents four common shares, currently trade on the New York Stock Exchange under the symbol ”EDU.” “

Several other equities analysts have also recently issued reports on EDU. Vetr cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 price objective on the stock. in a research note on Wednesday, October 4th. Benchmark Co. raised their target price on New Oriental Education & Technology Group from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, October 6th. BidaskClub lowered New Oriental Education & Technology Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Bank of America Corporation raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Monday, September 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $74.80 target price on shares of New Oriental Education & Technology Group in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. New Oriental Education & Technology Group presently has an average rating of “Buy” and a consensus target price of $89.76.

Shares of New Oriental Education & Technology Group (NYSE:EDU) opened at $85.53 on Friday. New Oriental Education & Technology Group has a 1 year low of $37.16 and a 1 year high of $94.63. The stock has a market cap of $13,486.97, a P/E ratio of 46.23, a price-to-earnings-growth ratio of 1.33 and a beta of 1.31.

New Oriental Education & Technology Group (NYSE:EDU) last released its earnings results on Tuesday, October 24th. The company reported $1.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.04). The business had revenue of $661.20 million for the quarter, compared to analysts’ expectations of $643.90 million. New Oriental Education & Technology Group had a net margin of 15.15% and a return on equity of 17.32%. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 earnings per share. research analysts predict that New Oriental Education & Technology Group will post 2.03 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/11/12/zacks-investment-research-upgrades-new-oriental-education-technology-group-inc-edu-to-hold.html.

A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in New Oriental Education & Technology Group by 2.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock valued at $107,000 after buying an additional 35 shares in the last quarter. Pillar Pacific Capital Management LLC boosted its stake in New Oriental Education & Technology Group by 0.6% in the second quarter. Pillar Pacific Capital Management LLC now owns 8,415 shares of the company’s stock worth $594,000 after purchasing an additional 50 shares in the last quarter. Financial Counselors Inc. boosted its stake in New Oriental Education & Technology Group by 1.0% in the second quarter. Financial Counselors Inc. now owns 7,417 shares of the company’s stock worth $523,000 after purchasing an additional 76 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in New Oriental Education & Technology Group by 1.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 9,574 shares of the company’s stock worth $2,509,000 after purchasing an additional 95 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in New Oriental Education & Technology Group by 5.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 3,585 shares of the company’s stock worth $253,000 after purchasing an additional 182 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

Analyst Recommendations for New Oriental Education & Technology Group (NYSE:EDU)

Receive News & Ratings for New Oriental Education & Technology Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Oriental Education & Technology Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.