New Oriental Education & Technology Group, Inc. (NYSE:EDU) Receives $59.53 Consensus Target Price from Analysts

Shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) have been given an average rating of “Hold” by the eleven brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $59.5333.

Several research firms recently commented on EDU. Weiss Ratings reissued a “hold (c+)” rating on shares of New Oriental Education & Technology Group in a research report on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on shares of New Oriental Education & Technology Group from $60.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Zacks Research raised shares of New Oriental Education & Technology Group from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Bank of America raised their price target on shares of New Oriental Education & Technology Group from $56.20 to $58.20 and gave the company a “buy” rating in a report on Monday, September 29th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $60.00 price objective on shares of New Oriental Education & Technology Group in a report on Wednesday, October 29th.

New Oriental Education & Technology Group Price Performance

NYSE:EDU opened at $58.59 on Wednesday. The business’s 50-day moving average is $54.45 and its two-hundred day moving average is $52.37. The firm has a market capitalization of $9.26 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 1.38 and a beta of 0.29. New Oriental Education & Technology Group has a 12 month low of $40.66 and a 12 month high of $62.89.

New Oriental Education & Technology Group Announces Dividend

The firm also recently announced a special dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, November 18th. New Oriental Education & Technology Group’s dividend payout ratio is 25.55%.

Institutional Trading of New Oriental Education & Technology Group

Several institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its holdings in New Oriental Education & Technology Group by 7,314.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock worth $28,000 after acquiring an additional 512 shares in the last quarter. Bessemer Group Inc. acquired a new position in New Oriental Education & Technology Group in the second quarter worth about $37,000. Hantz Financial Services Inc. grew its stake in New Oriental Education & Technology Group by 738.0% in the second quarter. Hantz Financial Services Inc. now owns 905 shares of the company’s stock worth $49,000 after purchasing an additional 797 shares in the last quarter. Raymond James Financial Inc. bought a new stake in New Oriental Education & Technology Group in the second quarter valued at about $111,000. Finally, Quantbot Technologies LP raised its stake in New Oriental Education & Technology Group by 309.7% during the third quarter. Quantbot Technologies LP now owns 3,532 shares of the company’s stock valued at $187,000 after buying an additional 2,670 shares in the last quarter.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group (NYSE: EDU) is one of China’s leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company’s offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental’s curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources.

Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.