New Oriental Education & Tech Grp (NYSE:EDU) Downgraded by ValuEngine

ValuEngine downgraded shares of New Oriental Education & Tech Grp (NYSE:EDU) from a hold rating to a sell rating in a research note released on Wednesday morning, ValuEngine reports.

A number of other brokerages have also recently issued reports on EDU. Morgan Stanley upped their price objective on New Oriental Education & Tech Grp from $95.00 to $106.00 and gave the stock a positive rating in a research note on Friday, June 14th. Zacks Investment Research upgraded New Oriental Education & Tech Grp from a sell rating to a hold rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. New Oriental Education & Tech Grp presently has a consensus rating of Buy and a consensus price target of $92.73.

NYSE:EDU traded up $1.16 during trading hours on Wednesday, reaching $114.07. 538,181 shares of the stock were exchanged, compared to its average volume of 1,111,256. New Oriental Education & Tech Grp has a twelve month low of $50.30 and a twelve month high of $115.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.73 and a quick ratio of 1.71. The firm has a 50 day moving average of $109.53 and a 200 day moving average of $96.37. The stock has a market cap of $16.10 billion, a PE ratio of 76.05, a PEG ratio of 1.16 and a beta of 1.46.

New Oriental Education & Tech Grp (NYSE:EDU) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.39). New Oriental Education & Tech Grp had a return on equity of 12.97% and a net margin of 7.69%. The firm had revenue of $842.90 million for the quarter, compared to analyst estimates of $833.78 million. During the same period last year, the company earned $0.55 EPS. The company’s revenue was up 20.2% compared to the same quarter last year. Equities research analysts anticipate that New Oriental Education & Tech Grp will post 2.97 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in EDU. Rehmann Capital Advisory Group raised its stake in shares of New Oriental Education & Tech Grp by 145.7% during the 1st quarter. Rehmann Capital Advisory Group now owns 312 shares of the company’s stock worth $28,000 after purchasing an additional 185 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new stake in New Oriental Education & Tech Grp in the 2nd quarter valued at $29,000. LSV Asset Management bought a new stake in New Oriental Education & Tech Grp in the 2nd quarter valued at $38,000. Commonwealth Bank of Australia bought a new stake in New Oriental Education & Tech Grp in the 2nd quarter valued at $38,000. Finally, Huntington National Bank raised its stake in New Oriental Education & Tech Grp by 19.5% in the 2nd quarter. Huntington National Bank now owns 570 shares of the company’s stock valued at $55,000 after acquiring an additional 93 shares during the period. Institutional investors own 86.32% of the company’s stock.

About New Oriental Education & Tech Grp

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through Language Training and Test Preparation Courses, and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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Analyst Recommendations for New Oriental Education & Tech Grp (NYSE:EDU)

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