New Oriental Education & Technology Group (NYSE:EDU) Rating Increased to Strong-Buy at China Renaissance

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) was upgraded by stock analysts at China Renaissance from a "hold" rating to a "strong-buy" rating in a report released on Thursday,Zacks.com reports.Other research analysts have also recently issued reports about the stock. Zacks Research raised shares of New Oriental Education & Technology Group from a "strong sell" rating to a "hold" rating in a research note on Monday, December 29th. HSBC upgraded New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on New Oriental Education & Technology Group from $60.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, October 29th. New Street Research set a $68.00 price objective on New Oriental Education & Technology Group in a research note on Wednesday. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $60.00 price objective on shares of New Oriental Education & Technology Group in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, New Oriental Education & Technology Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.84.Get Our Latest Analysis on EDUNew Oriental Education & Technology Group Price PerformanceEDU opened at $59.36 on Thursday. The business has a 50 day simple moving average of $55.00 and a 200-day simple moving average of $52.77. The stock has a market capitalization of $9.38 billion, a P/E ratio of 25.15, a P/E/G ratio of 1.39 and a beta of 0.29. New Oriental Education & Technology Group has a 12 month low of $40.66 and a 12 month high of $63.78. New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.11. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. New Oriental Education & Technology Group had a net margin of 7.40% and a return on equity of 11.29%. The firm's revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. Research analysts anticipate that New Oriental Education & Technology Group will post 2.75 EPS for the current year. Hedge Funds Weigh In On New Oriental Education & Technology GroupSeveral large investors have recently added to or reduced their stakes in EDU. Caitong International Asset Management Co. Ltd boosted its stake in New Oriental Education & Technology Group by 7,314.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company's stock worth $28,000 after buying an additional 512 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of New Oriental Education & Technology Group in the second quarter worth approximately $37,000. Hantz Financial Services Inc. grew its holdings in New Oriental Education & Technology Group by 738.0% in the second quarter. Hantz Financial Services Inc. now owns 905 shares of the company's stock valued at $49,000 after purchasing an additional 797 shares during the period. Raymond James Financial Inc. acquired a new position in New Oriental Education & Technology Group during the second quarter worth approximately $111,000. Finally, Quantbot Technologies LP raised its stake in New Oriental Education & Technology Group by 309.7% during the third quarter. Quantbot Technologies LP now owns 3,532 shares of the company's stock worth $187,000 after purchasing an additional 2,670 shares during the period. New Oriental Education & Technology Group Company Profile (Get Free Report)New Oriental Education & Technology Group NYSE: EDU is one of China's leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company's offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental's curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources. Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.See AlsoFive stocks we like better than New Oriental Education & Technology GroupAmerica’s #1 Chaos Trader: “I’m so #&!$ bullish”Trump's NEW Executive Order - BIG Changes Coming to Retirement AccountsRefund From 1933: Trump’s Reset May Create Instant WealthThe Crash Has Already Started (Most Just Don’t See It Yet)Do not delete, read immediatelyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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