New Oriental Education & Technology Group (NYSE:EDU – Get Free Report) 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 %
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.
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