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

New Oriental Education & Technology Group (NYSE:EDU) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

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

New Oriental Education & Technology Group Trading Up 5.6 %

Shares of EDU stock opened at $50.74 on Thursday. New Oriental Education & Technology Group has a 1 year low of $44.46 and a 1 year high of $95.88. The firm’s fifty day simple moving average is $52.18 and its 200 day simple moving average is $59.69. The firm has a market capitalization of $8.61 billion, a P/E ratio of 21.59 and a beta of 0.47.

Institutional Investors Weigh In On New Oriental Education & Technology Group

Several institutional investors and hedge funds have recently made changes to their positions in EDU. GeoWealth Management LLC boosted its stake 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 valued at $28,000 after purchasing an additional 318 shares in the last quarter. Westpac Banking Corp acquired a new position in New Oriental Education & Technology Group during the 4th quarter worth about $45,000. SBI Securities Co. Ltd. acquired a new position in New Oriental Education & Technology Group during the 4th quarter worth about $51,000. Natixis lifted its position in New Oriental Education & Technology Group by 39.2% during the 4th quarter. Natixis now owns 881 shares of the company’s stock worth $57,000 after buying an additional 248 shares in the last quarter. Finally, BNP Paribas acquired a new position in New Oriental Education & Technology Group during the 4th quarter worth about $113,000.

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.