New Oriental Education & Technology Group (NYSE: EDU) Updated by JPMorgan Chase & Co. to “Overweight”

New Oriental Education & Technology Group (NYSE: EDU – Get rating) was promoted by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Monday, The Fly reported.

Other stock analysts also recently released stock reports. CLSA raised shares of New Oriental Education & Technology Group from a “lower” rating to a “superior” rating in a research note on Wednesday (April 27th). UBS Group raised shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a research note on Monday (June 6th). Daiwa Capital Markets raised shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a research note on Wednesday (March 9th). Finally, StockNews.com raised shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research note on Monday, May 2nd. Seven research analysts rated the shares with a retention rating, and five issued a rating to buy the company. According to MarketBeat, New Oriental Education & Technology Group has an average Hold rating and an average target price of $ 87.00.

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NYSE: EDU opened at $ 16.21 on Monday. The New Oriental Education & Technology Group has a 12-month low of $ 8.40 and a 12-month high of $ 99.30. The company’s 50-day moving average price is $ 11.93, and its 200-day moving average is $ 14.81.

New Oriental Education & Technology Group (NYSE: EDU – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The company reported ($ 0.73) EPS for the quarter, lacking analysts’ consensus estimates of $ 0.71 ($ 1.44). The business had revenue of $ 614.09 million for the quarter, compared to analysts’ expectations of $ 642.75 million. Research analysts predict that the New Oriental Education & Technology Group will report 1.79 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold stocks. Geode Capital Management LLC increased its stake in New Oriental Education & Technology Group by 46.5% in the third quarter. Geode Capital Management LLC already owns 7,460,807 shares of the company’s stock worth $ 15,197,000 after buying an additional 2,367,725 shares in the last quarter. HighTower Advisors LLC bought a new stake in the New Oriental Education & Technology Group in the third quarter worth approximately $ 31,000. Mariner LLC acquired a new stake in New Oriental Education & Technology Group in the third quarter worth approximately $ 216,000. Morgan Stanley increased its stake in the New Oriental Education & Technology Group by 196.3% in the third quarter. Morgan Stanley already owns 54,714,708 shares of the company’s $ 112,165,000 shares after buying an additional 36,248,561 shares in the last quarter. Finally, Caxton Associates LP increased its stake in New Oriental Education & Technology Group by 302.8% in the third quarter. Caxton Associates LP now owns 125,044 shares of the company’s $ 256,000 worth of shares after buying an additional 94,003 shares in the last quarter.

Company profile New Oriental Education & Technology Group (Get an estimate)

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People’s Republic of China. He works through K-12 AST, preparation for tests and other courses; Online education; and other segments. The company offers test preparation courses for students taking language and entrance exams used by educational institutions in the United States, the People’s Republic of China and the British Commonwealth; and after-school training courses for middle and high school students to improve their exam results, as well as for children who teach English.

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

Should you invest $ 1,000 in New Oriental Education & Technology Group right now?

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