Equities research analysts at Deutsche Bank initiated coverage on shares of New Oriental Education & Tech Grp (NYSE:EDU) in a note issued to investors on Thursday, January 4th. The firm set a “buy” rating and a $116.00 price target on the stock. Deutsche Bank’s target price would suggest a potential upside of 25.66% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Jefferies Group reissued a “buy” rating and issued a $109.00 price objective on shares of New Oriental Education & Tech Grp in a research note on Thursday, October 26th. Zacks Investment Research raised shares of New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Tuesday, September 26th. Bank of America raised shares of New Oriental Education & Tech Grp from a “neutral” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Monday, September 25th. Benchmark upped their target price on shares of New Oriental Education & Tech Grp from $94.00 to $100.00 and gave the company a “buy” rating in a report on Friday, October 6th. Finally, Vetr lowered shares of New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating and set a $94.84 target price on the stock. in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $98.95.

Shares of New Oriental Education & Tech Grp (NYSE:EDU) opened at $92.31 on Thursday. The company has a market cap of $14,887.27, a price-to-earnings ratio of 52.15, a P/E/G ratio of 1.55 and a beta of 1.31. New Oriental Education & Tech Grp has a 12-month low of $46.35 and a 12-month high of $108.40.

New Oriental Education & Tech Grp (NYSE:EDU) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). New Oriental Education & Tech Grp had a return on equity of 16.19% and a net margin of 13.92%. The firm had revenue of $467.20 million for the quarter, compared to analysts’ expectations of $456.93 million. During the same quarter in the previous year, the company posted $0.08 EPS. The firm’s quarterly revenue was up 36.9% compared to the same quarter last year. analysts expect that New Oriental Education & Tech Grp will post 1.91 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in EDU. Bank of New York Mellon Corp lifted its holdings in shares of New Oriental Education & Tech Grp by 10.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 183,856 shares of the company’s stock worth $12,961,000 after acquiring an additional 17,265 shares during the period. Calamos Advisors LLC purchased a new position in New Oriental Education & Tech Grp in the second quarter valued at approximately $5,639,000. Franklin Resources Inc. raised its holdings in New Oriental Education & Tech Grp by 114.8% in the second quarter. Franklin Resources Inc. now owns 7,240 shares of the company’s stock valued at $510,000 after buying an additional 3,870 shares during the period. AXA raised its holdings in New Oriental Education & Tech Grp by 21.8% in the second quarter. AXA now owns 81,896 shares of the company’s stock valued at $5,773,000 after buying an additional 14,650 shares during the period. Finally, Aberdeen Asset Management PLC UK raised its holdings in New Oriental Education & Tech Grp by 370.0% in the second quarter. Aberdeen Asset Management PLC UK now owns 156,966 shares of the company’s stock valued at $11,065,000 after buying an additional 123,566 shares during the period. Institutional investors and hedge funds own 76.76% of the company’s stock.

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About New Oriental Education & Tech Grp

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 & Tech Grp (NYSE:EDU)

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