StockNews.com downgraded shares of New Oriental Education & Technology Group (NYSE:EDU – Free Report) from a buy rating to a hold rating in a report published on Thursday morning.
EDU has been the topic of a number of other research reports. Macquarie cut shares of New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and lowered their target price for the company from $79.00 to $44.00 in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. cut shares of New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $85.00 to $50.00 in a research note on Wednesday, January 22nd. Morgan Stanley cut shares of New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $83.00 to $52.00 in a research note on Wednesday, January 22nd. Finally, Citigroup cut 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $61.20.
Read Our Latest Analysis on EDU
New Oriental Education & Technology Group Stock Performance
Institutional Trading of New Oriental Education & Technology Group
A number of large investors have recently made changes to their positions in EDU. Aspex Management HK Ltd grew its holdings in New Oriental Education & Technology Group by 56.8% during the 4th quarter. Aspex Management HK Ltd now owns 7,454,906 shares of the company’s stock valued at $478,456,000 after purchasing an additional 2,701,566 shares during the last quarter. FMR LLC grew its holdings in New Oriental Education & Technology Group by 46.3% during the 4th quarter. FMR LLC now owns 4,539,678 shares of the company’s stock valued at $291,357,000 after purchasing an additional 1,437,656 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in New Oriental Education & Technology Group by 61.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,894,541 shares of the company’s stock valued at $249,952,000 after purchasing an additional 1,480,391 shares during the last quarter. Schroder Investment Management Group grew its holdings in New Oriental Education & Technology Group by 17.2% during the 4th quarter. Schroder Investment Management Group now owns 3,019,859 shares of the company’s stock valued at $193,815,000 after purchasing an additional 442,656 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in New Oriental Education & Technology Group by 175.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,276,762 shares of the company’s stock valued at $146,123,000 after purchasing an additional 1,449,979 shares during the last quarter.
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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