New Oriental Education & Technology Group (NYSE:EDU) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of New Oriental Education & Technology Group (NYSE:EDU) from a buy rating to a hold rating in a research report report published on Thursday.

EDU has been the subject of a number of other reports. Morgan Stanley downgraded New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $83.00 to $52.00 in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered shares of New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $85.00 to $50.00 in a report on Wednesday, January 22nd. Citigroup downgraded shares of New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $83.00 to $50.00 in a report on Friday, January 24th. Finally, Macquarie lowered New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and decreased their price target for the stock from $79.00 to $44.00 in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.20.

New Oriental Education & Technology Group Stock Up 1.7 %

Shares of NYSE:EDU opened at $48.02 on Thursday. The firm has a fifty day simple moving average of $52.45 and a two-hundred day simple moving average of $59.77. New Oriental Education & Technology Group has a 52 week low of $44.46 and a 52 week high of $95.88. The stock has a market capitalization of $8.15 billion, a P/E ratio of 20.43 and a beta of 0.47.

Institutional Trading of New Oriental Education & Technology Group

A number of hedge funds have recently bought and sold shares of EDU. GeoWealth Management LLC raised its position in shares of New Oriental Education & Technology Group by 258.5% in the 4th quarter. GeoWealth Management LLC now owns 441 shares of the company’s stock worth $28,000 after acquiring an additional 318 shares in the last quarter. Westpac Banking Corp bought a new position in New Oriental Education & Technology Group in the fourth quarter worth about $45,000. SBI Securities Co. Ltd. bought a new stake in shares of New Oriental Education & Technology Group in the 4th quarter valued at about $51,000. Natixis boosted its holdings in shares of New Oriental Education & Technology Group by 39.2% in the 4th quarter. Natixis now owns 881 shares of the company’s stock valued at $57,000 after buying an additional 248 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of New Oriental Education & Technology Group by 14.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,658 shares of the company’s stock worth $126,000 after buying an additional 206 shares during the last quarter.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.