New Oriental Education & Technology Group (NYSE:EDU) Shares Gap Up to $54.51

New Oriental Education & Technology Group Inc. (NYSE:EDU)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $54.51, but opened at $56.61. New Oriental Education & Technology Group shares last traded at $56.55, with a volume of 114,464 shares.

Analysts Set New Price Targets

EDU has been the subject of several research analyst reports. TheStreet upgraded shares of New Oriental Education & Technology Group from a “d+” rating to a “c-” rating in a report on Wednesday, July 26th. StockNews.com downgraded shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, UBS Group increased their price objective on New Oriental Education & Technology Group from $65.00 to $71.00 in a report on Thursday, July 27th.

New Oriental Education & Technology Group Price Performance

The firm has a market capitalization of $9.74 billion, a price-to-earnings ratio of 55.97 and a beta of 0.69. The stock has a fifty day moving average of $50.94 and a two-hundred day moving average of $43.72.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.90). The firm had revenue of $860.57 million for the quarter, compared to the consensus estimate of $827.96 million. New Oriental Education & Technology Group had a net margin of 5.92% and a return on equity of 4.67%. On average, research analysts forecast that New Oriental Education & Technology Group Inc. will post 1.82 EPS for the current year.

Institutional Trading of New Oriental Education & Technology Group

Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of New Oriental Education & Technology Group by 9.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock worth $141,000 after purchasing an additional 300 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of New Oriental Education & Technology Group by 5.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,841 shares of the company’s stock worth $270,000 after purchasing an additional 366 shares in the last quarter. Seven Eight Capital LP boosted its position in shares of New Oriental Education & Technology Group by 4.5% during the 2nd quarter. Seven Eight Capital LP now owns 9,376 shares of the company’s stock worth $370,000 after purchasing an additional 401 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of New Oriental Education & Technology Group by 4.5% during the 1st quarter. Geode Capital Management LLC now owns 22,053 shares of the company’s stock worth $851,000 after purchasing an additional 942 shares in the last quarter. Finally, Ronald Blue Trust Inc. boosted its position in shares of New Oriental Education & Technology Group by 35.4% during the 1st quarter. Ronald Blue Trust Inc. now owns 3,726 shares of the company’s stock worth $129,000 after purchasing an additional 974 shares in the last quarter. Institutional investors own 89.51% of the company’s stock.

New Oriental Education & Technology Group 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.