New Eastern Education and Technology Group (NYSE: EDU) JPMorgan Chase & Co. Becomes “Overweight”

New Eastern Education and Technology Group (NYSE: EDU – Get Rating) Research analysts at JPMorgan Chase & Co. rose from a “neutral” rating to an “overrated” rating in a research report for clients and investors on Monday, The Fly reported.

Other stock analysts have also recently released stock reports. CLSA upgraded shares of New Oriental Education & Technology Group to a “pass” rating from a “low-performance” rating on Wednesday, April 27, in a research note. The UBS Group raised its shares in the New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating on Monday, June 6, in a research note. Daiwa Capital Markets raised shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating on Wednesday, March 9, in a research note. Finally, StockNews.com raised shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating, in a research note on Monday, May 2nd. Seven research analysts rated the stock rating and five gave the company a buy rating. According to MarketBeat, New Oriental Education & Technology Group has an average rating of “Hold” and an average price target of $ 87.00.

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NYSE: EDU opened at $ 16.21 on Monday. New Oriental Education & Technology Group has a 12-month low of $ 8.40 and a 12-month high of $ 99.30. The company’s 50-day average price is $ 11.93 and its two-hundred-day average price is $ 14.81.

The New Eastern Education and Technology Group (NYSE: EDU – Get Rating) released its quarterly earnings results for the last time on Tuesday, April 26th. The company reported quarterly EPS ($ 0.73), with analysts missing a consensus estimate of $ 0.71 ($ 1.44). The business had revenue of $ 614.09 million in the quarter, compared to analysts ’forecast of $ 642.75 million. Research analysts predict that the New Oriental Education & Technology Group will post 1.79 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold their shares. Geode Capital Management LLC increased its stake in New Oriental Education & Technology Group by 46.5% in the third quarter. Geode Capital Management LLC now owns 7,460,807 shares of the company, valued at $ 15,197,000, after buying 2,367,725 more shares in the last quarter. HighTower Advisors LLC bought a new stake in New Oriental Education & Technology Group in the third quarter for approximately $ 31,000. Mariner LLC bought a new stake in New Oriental Education & Technology Group in the third quarter for approximately $ 216,000. Morgan Stanley increased its stake in New Oriental Education & Technology Group by 196.3% in the third quarter. Morgan Stanley now owns 54,714,708 shares of the company, valued at $ 112,165,000, after buying 36,248,561 more shares in the last quarter. Finally, Caxton Associates LP increased its stake in New Oriental Education & Technology Group by 302.8% in the third quarter. It now owns 125,044 shares of Caxton Associates LP, valued at $ 256,000, after buying an additional 94,003 shares in the last quarter.

New Eastern Education and Technology Group Business Profile (Get rating)

New Oriental Education & Technology Group Inc. provides private education services under the New Oriental brand in the People’s Republic of China. K-12 Works through AST, Test Preparation and Other Courses; Online Education; and Other segments. The company offers test preparation courses to students who take language and entrance exams used by educational institutions in the United States, the People’s Republic of China, and the Commonwealth; and extracurricular tutoring courses to improve exam scores for middle and high school students, as well as to teach children English.

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Analyst Recommendations for the New Eastern Education and Technology Group (NYSE: EDU)

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