According to Bloomberg Ratings, the eight analysts following the company have given the stock of New Oriental Education & Technology Group INC (NYSE: EDU) a rating of “Moderate Buy” as the average recommendation for the stock.
This rating represents the analysts’ consensus opinion regarding the stock. Seven equity research experts have suggested that investors buy the company, but only one has suggested that investors keep the holdings they already have.
Brokerages that have updated their stock coverage within the past year have, on average, set a one-year target price at $36.60 higher than where it is currently trading.
On Tuesday, January 17, New Oriental Education & Technology Group (NYSE: EDU) released a statement detailing its most recent financial results.
The company reported earnings per share for the quarter of $0.10, below the average forecast of $0.22 by a difference of $0.12.
The company reported earnings per share for the quarter of $0.10, below the average forecast of $0.22 by a difference of $0.12.
The net margin and the return on equity were in the red for New Oriental Education & Technology Group. Neither one was positive.
The return on equity was negative -6.32%, and the net margin was negative -9.72%.
According to the analysts’ projections, the revenue the company will bring in during the quarter could fall between $614.16 million and $638.20 million.
The same quarter of the previous year saw the same level of financial success for the company, with each share contributing to a profit of $1.00. When compared to the same quarter in the previous year, this quarter’s revenue was down 3.0%.
Market analysts predict New Oriental Education & Technology Group will generate $0.68 per share in the current fiscal year.
This is based on the company’s historical performance.
When trading started on Thursday, the price of a share of EDU stock was determined to be $36.73.
The price of New Oriental Education & Technology Group has reached as low as $9.29 over the past year, while the company has reached as high as $46.63 over the same period.
The company has a P.E. ratio of -81.62 and a beta value of 0.61, and its market capitalization is currently sitting at $6.23 billion.
In addition, the firm has a beta value of 0.61.
The stock’s price has reached $41.31 on its moving average over the past fifty days, while the price has reached $32.51 on its moving average over the past two hundred days.
Over the past few days, the EDU stock has been the subject of commentary from various research experts.
TheStreet lowered its rating of New Oriental Education & Technology Group from a “c-” rating to a “d” rating in a research note that was published on November 21. On Thursday of this week, a research note about New Oriental Education & Technology Group was published on StockNews.com.
This note marked the beginning of coverage for the company.
They recommended that shareholders “hold” their shares of the company.
Recently, there has been a change in the perspective that hedge funds and other types of institutional investors take on the market.
In the final three months of 2018, Clear Street Markets LLC purchased a new holding in New Oriental Education & Technology Group shares.
The total value of this new holding was approximately $58,000.
During the fourth quarter of 1832, Asset Management L.P.
Invested approximately $59,000 to acquire a new interest in New Oriental Education & Technology Group.
In the second quarter, Quadrant Capital Group LLC made a new investment in New Oriental Education & Technology Group, amounting to approximately 42,000 dollars.
This was done to acquire a new interest in the company.
In the final quarter of 2018, Ronald Blue Trust INC increased the amount of New Oriental Education & Technology Group stock by 2876.0% over the previous quarter’s holdings.
After making additional purchases during the relevant period amounting to 2,042 shares, Ronald Blue Trust INC now owns a total of 2,752 shares of the company’s st