New Oriental Education & Know-how Group Inc. (NYSE:EDU – Get Rating) has been assigned a imply recommendation of “Common Buy” from the 9 evaluation companies which may be at current defending the company, Marketbeat critiques. One evaluation analyst has rated the stock with a preserve recommendation and eight have issued a purchase order recommendation on the company. The standard twelve-month value purpose amongst brokers which have updated their safety on the stock inside the ultimate yr is $36.60.
A lot of evaluation companies have simply recently issued critiques on EDU. Macquarie raised shares of New Oriental Education & Know-how Group from a “neutral” rating to an “outperform” rating in a evaluation report on Thursday. CLSA raised shares of New Oriental Education & Know-how Group from an “underperform” rating to an “outperform” rating in a evaluation phrase on Wednesday, April twenty seventh. Monetary establishment of America raised shares of New Oriental Education & Know-how Group from a “neutral” rating to a “buy” rating and raised their purpose value for the stock from $18.80 to $36.60 in a evaluation report on Friday. StockNews.com upgraded shares of New Oriental Education & Know-how Group from a “promote” rating to a “preserve” rating in a evaluation phrase on Monday, May 2nd. Lastly, CICC Evaluation upgraded shares of New Oriental Education & Know-how Group from a “market perform” rating to an “outperform” rating in a evaluation phrase on Thursday, July 14th.
New Oriental Education & Know-how Group Shopping for and promoting Down 5.5%
NYSE EDU opened at $27.41 on Friday. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 11.91 and a beta of 0.37. The company’s 50 day simple transferring frequent is $19.39 and its 200 day simple transferring frequent is $15.23. New Oriental Education & Know-how Group has a 1 yr low of $8.40 and a 1 yr extreme of $29.73.
New Oriental Education & Know-how Group (NYSE:EDU – Get Rating) ultimate issued its quarterly earnings outcomes on Wednesday, July twenty seventh. The company reported ($0.94) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.97). The company had revenue of $524.00 million for the quarter, compared with the consensus estimate of $544.92 million. The company’s revenue for the quarter was down 56.7% on a year-over-year basis. On frequent, equities evaluation analysts forecast that New Oriental Education & Know-how Group will submit 1.79 earnings per share for the current yr.
New Oriental Education & Know-how Group declared that its Board of Directors has authorised a stock buyback program on Wednesday, July twenty seventh that permits the company to repurchase $0.00 in glorious shares. This repurchase authorization permits the company to buy shares of its stock by the use of open market purchases. Stock repurchase functions are often an indication that the company’s administration believes its shares are undervalued.
Institutional Patrons Weigh In On New Oriental Education & Know-how Group
A lot of hedge funds have simply recently bought and acquired shares of the stock. American Century Firms Inc. elevated its stake in shares of New Oriental Education & Know-how Group by 1.0% inside the 1st quarter. American Century Firms Inc. now owns 483.904 shares of the company’s stock worth $556,000 after shopping for an additional 4,888 shares over the previous quarter. Royal Monetary establishment of Canada lifted its stake in New Oriental Education & Know-how Group by 13.6% in the middle of the primary quarter. Royal Monetary establishment of Canada now owns 44,215 shares of the company’s stock worth $51,000 after shopping for an additional 5,299 shares over the previous quarter. Northwestern Mutual Wealth Administration Co. lifted its stake in New Oriental Education & Know-how Group by 18.0% in the middle of the primary quarter. Northwestern Mutual Wealth Administration Co. now owns 47,823 shares of the company’s stock worth $55,000 after shopping for an additional 7,300 shares over the previous quarter. Legacy Wealth Asset Administration LLC purchased a model new stake in New Oriental Education & Know-how Group in the middle of the second quarter worth roughly $206,000. Lastly, JJJ Advisors Inc. elevated its place in New Oriental Education & Know-how Group by 56.1% in the middle of the fourth quarter. JJJ Advisors Inc. now owns 28,415 shares of the company’s stock worth $60,000 after buying for an additional 10,208 shares in the middle of the interval.
About New Oriental Education & Know-how Group
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New Oriental Education & Know-how Group Inc. provides private educational firms under the New Oriental mannequin inside the People’s Republic of China. It operates by the use of Okay-12 AST, Verify Preparation and Completely different Packages; On-line Education; and Others segments. The company gives test preparation applications to varsity college students taking language and entrance exams utilized by educational institutions within the USA, the People’s Republic of China, and the Commonwealth nations; and after-school tutoring applications for middle and highschool faculty college students to bolster their examination scores, along with for youths to point out English.
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