Macquarie Lowers New Oriental Schooling & Know-how Group (NYSE:EDU) to Impartial

Macquarie Lowers New Oriental Schooling & Know-how Group (NYSE:EDU) to Impartial

New Oriental Schooling & Know-how Group (NYSE:EDU – Get Score) was downgraded by equities analysis analysts at Macquarie from an “outperform” score to a “impartial” score in a analysis report issued to shoppers and buyers on Thursday, Briefing.com reviews.

Different equities analysis analysts have additionally just lately issued analysis reviews in regards to the firm. JPMorgan Chase & Co. raised New Oriental Schooling & Know-how Group from a “impartial” score to an “chubby” score in a analysis word on Monday, June thirteenth. UBS Group raised New Oriental Schooling & Know-how Group from a “impartial” score to a “purchase” score in a analysis word on Monday, June sixth. Daiwa Capital Markets raised New Oriental Schooling & Know-how Group from a “impartial” score to a “purchase” score in a analysis word on Wednesday, March ninth. StockNews.com raised New Oriental Schooling & Know-how Group from a “promote” score to a “maintain” score in a analysis word on Monday, Might 2nd. Lastly, CLSA raised New Oriental Schooling & Know-how Group from an “underperform” score to an “outperform” score in a analysis word on Wednesday, April twenty seventh. Seven analysts have rated the inventory with a maintain score and 5 have assigned a purchase score to the inventory. In line with MarketBeat, New Oriental Schooling & Know-how Group has a mean score of “Maintain” and a mean value goal of $87.00.

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EDU inventory opened at $20.82 on Thursday. The corporate has a market capitalization of $3.53 billion, a P/E ratio of 10.28 and a beta of 0.80. The corporate has a 50-day easy transferring common of $13.40 and a 200-day easy transferring common of $14.90. New Oriental Schooling & Know-how Group has a fifty-two week low of $8.40 and a fifty-two week excessive of $88.10.

New Oriental Schooling & Know-how Group (NYSE:EDU – Get Score) final posted its quarterly earnings knowledge on Tuesday, April twenty sixth. The corporate reported ($0.73) earnings per share for the quarter, lacking the consensus estimate of $0.71 by ($1.44). The corporate had income of $614.09 million for the quarter, in comparison with analyst estimates of $642.75 million. On common, sell-side analysts anticipate that New Oriental Schooling & Know-how Group will put up 1.79 EPS for the present fiscal 12 months.

Hedge funds have just lately made adjustments to their positions within the firm. BlackRock Inc. boosted its holdings in New Oriental Schooling & Know-how Group by 2.4% within the first quarter. BlackRock Inc. now owns 64,329,110 shares of the corporate’s inventory valued at $73,977,000 after buying an extra 1,492,990 shares over the past quarter. Carmignac Gestion boosted its holdings in New Oriental Schooling & Know-how Group by 187.6% within the first quarter. Carmignac Gestion now owns 43,110,546 shares of the corporate’s inventory valued at $49,647,000 after buying an extra 28,122,503 shares over the past quarter. Financial institution of America Corp DE boosted its holdings in New Oriental Schooling & Know-how Group by 37.9% within the fourth quarter. Financial institution of America Corp DE now owns 41,241,407 shares of the corporate’s inventory valued at $86,606,000 after buying an extra 11,340,959 shares over the past quarter. Renaissance Applied sciences LLC boosted its holdings in New Oriental Schooling & Know-how Group by 130.8% throughout the first quarter. Renaissance Applied sciences LLC now owns 37,490,100 shares of the corporate’s inventory price $43,114,000 after shopping for an extra 21,246,644 shares over the past quarter. Lastly, Nationwide Financial institution of Canada FI purchased a brand new place in New Oriental Schooling & Know-how Group throughout the fourth quarter price about $74,058,000.

About New Oriental Schooling & Know-how Group (Get Score)

New Oriental Schooling & Know-how Group Inc supplies personal academic providers underneath the New Oriental model within the Individuals’s Republic of China. It operates by way of Okay-12 AST, Take a look at Preparation and Different Programs; on-line schooling; and Others segments. The corporate presents take a look at preparation programs to college students taking language and entrance exams utilized by academic establishments in america, the Individuals’s Republic of China, and the Commonwealth nations; and after-school tutoring programs for center and highschool college students to boost their examination scores, in addition to for kids to show English.

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Analyst Recommendations for New Oriental Education & Technology Group (NYSE:EDU)

This prompt information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to [email protected]

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