Stocks of New Oriental Education & Technology Group Inc. (NYSE:EDU) traded higher last session on Wall Street, up 1.80% to $49.87.
According to the data, New Oriental Education & Technology Group Inc. (NYSE:EDU) has 17 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $70.00 and a low of $38.00, we find $54.85. Given the previous closing price of $48.99, this indicates a potential upside of 11.96 percent. EDU stock price is now 22.04% away from the 50-day moving average and 35.15% away from the 200-day moving average. The market capitalization of the company currently stands at $8.22B.
A total of 1 analysts have issued a hold rating and 13 have given it a buy rating. Brokers who have rated the stock have averaged $56.36 as their price target over the next twelve months.
A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EDU stock. A new stake in New Oriental Education & Technology Group Inc. shares was purchased by HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND during the first quarter worth $23,623,000. MY.ALPHA MANAGEMENT HK ADVISORS LTD invested $21,376,000 in shares of EDU during the first quarter. In the first quarter, AUBREY CAPITAL MANAGEMENT LTD acquired a new stake in New Oriental Education & Technology Group Inc. valued at approximately $15,151,000. PANVIEW ASIAN EQUITY MASTER FUND acquired a new stake in EDU for approximately $8,727,000. CAPRICORN FUND MANAGERS LTD purchased a new stake in EDU valued at around $7,612,000 in the second quarter. In total, there are 272 active investors with 55.60% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $50.03 for New Oriental Education & Technology Group Inc. (NYSE: EDU). During the past 12 months, New Oriental Education & Technology Group Inc. has had a low of $17.01 and a high of $49.24. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.40, and a quick ratio of 2.40. The fifty day moving average price for EDU is $41.06 and a two-hundred day moving average price translates $37.02 for the stock.
The latest earnings results from New Oriental Education & Technology Group Inc. (NYSE: EDU) was released for Feb, 2023. According to the Education & Training Services Company, earnings per share came in at $0.06, missing analysts’ expectations of $0.33 by -0.27. This compares to -$0.74 EPS in the same period last year. The net profit margin was -1.50% and return on equity was -1.10% for EDU. The company reported revenue of $754.15 million for the quarter, compared to $614.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.81 percent. For the current quarter, analysts expect EDU to generate $820.07M in revenue.
New Oriental Education & Technology Group Inc.(EDU) Company Profile
New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the People’s Republic of China. The company operates through Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Others segments. It offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the Commonwealth countries, and the People’s Republic of China. The company also provides non-academic tutoring courses; intelligent learning systems and devices to offer a digital learning experience for students; and overseas studies consulting services. In addition, it offers online education services through the Koolearn.com platform that provides comprehensive online education courses, including college educational services, such as college test preparation, overseas test preparation, and English language learning for college students and working professionals preparing for standardized tests or seeking to enhance their English language proficiency; and educational content packages to schools and institutional customers, including universities, public libraries, telecom operators, and online video streaming providers. Further, the company develops and edits educational materials for language training and test preparation. As of May 31, 2022, it offered educational programs, services, and products to students through a network of 107 schools; 637 learning centers; and nine bookstores, as well as through its online learning platforms. The company was founded in 1993 and is headquartered in Beijing, the People’s Republic of China.
