New Oriental Education & Technology Group (NYSE:EDU) Reaches New 12-Month Low – Here’s Why

New Oriental Education & Technology Group Inc. (NYSE:EDU) hit a new 52-week low on Wednesday . The stock traded as low as $57.20 and last traded at $57.86, with a volume of 143097 shares traded. The stock had previously closed at $61.87.

Analyst Ratings Changes

Several research firms recently commented on EDU. Citigroup reduced their price target on New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Morgan Stanley set a $83.00 target price on shares of New Oriental Education & Technology Group in a research report on Thursday, October 17th. Finally, StockNews.com raised shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.67.

New Oriental Education & Technology Group Stock Performance

The company has a market capitalization of $10.23 billion, a PE ratio of 26.21 and a beta of 0.49. The company has a 50 day moving average price of $66.16 and a 200 day moving average price of $72.54.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.27. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. New Oriental Education & Technology Group had a net margin of 8.38% and a return on equity of 9.43%. The firm’s revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS. On average, equities analysts forecast that New Oriental Education & Technology Group Inc. will post 2.85 earnings per share for the current fiscal year.

New Oriental Education & Technology Group Dividend Announcement

The company also recently declared a — dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Monday, September 9th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Ridgewood Investments LLC bought a new position in New Oriental Education & Technology Group in the second quarter worth about $43,000. Ashton Thomas Private Wealth LLC acquired a new position in New Oriental Education & Technology Group during the 2nd quarter valued at approximately $50,000. Blue Trust Inc. boosted its position in New Oriental Education & Technology Group by 782.4% during the 2nd quarter. Blue Trust Inc. now owns 803 shares of the company’s stock valued at $62,000 after purchasing an additional 712 shares during the period. Hancock Whitney Corp bought a new position in New Oriental Education & Technology Group during the 2nd quarter worth $212,000. Finally, QRG Capital Management Inc. increased its position in New Oriental Education & Technology Group by 7.4% in the second quarter. QRG Capital Management Inc. now owns 3,666 shares of the company’s stock worth $285,000 after buying an additional 254 shares during the period.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People’s Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.