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The new Oriental Education & Technology Group (NYSE: EDU) has been put on hold at Zack Investment Research

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New Oriental Education & Technology Group (NYSE: EDU – Acquired Rating) According to a Zacks.com report, a research note issued to investors on Wednesday was upgraded from a “sell” rating to a “pending” rating by Zacks Investment Research.

According to Zacks, “New Oriental is China’s largest provider of private education services based on the number of programs offered, the total number of students and its geographical presence. New Oriental is primarily English and other foreign languages. Offering a wide range of educational programs, services and products consisting of training, test preparation courses for major admission and evaluation tests in the United States, China and federal countries, elementary and junior high school education, development, educational content, software and other Distribution of Technology and Online Education. New Oriental’s ADS, each representing four common stocks, is currently traded on the New York Stock Exchange under the “EDU” symbol. “”

Other equity research analysts have also recently published a report on equities. CLSA raised the stock price of the New Oriental Education & Technology Group from “underperform” to “outperform” in a research report on Wednesday, April 27. JPMorgan Chase & Co. Upgraded its shares in the New Oriental Education & Technology Group from “underweight” to “neutral” in a research note on Monday, May 2nd. Daiwa Capital Markets upgraded its shares in the New Oriental Education and Technology Group from “neutral” to “purchase” in a research report on Wednesday, March 9. Finally, StockNews.com upgraded its shares in the New Oriental Education & Technology Group from “sell” to “hold” in a research report on Monday, May 2. Ten analysts evaluated the stock by hold rating and three gave the stock a birating. According to MarketBeat.com data, the stock has an average rating of “pending” and an average target price of $ 87.00.

NYSE: EDU’s share price rose $ 0.14 on Wednesday to reach $ 10.94. The company has 1,153,288 shares and an average trading volume of 3,929,941 shares. The company’s 50-day moving average is $ 11.65 and its 200-day moving average is $ 15.61. The market capitalization of the stock is $ 1.86 billion, the price-earnings ratio is 6.21, and the beta is 0.80. The New Oriental Education & Technology Group has a 52-week low of $ 8.40 and a 52-week high of $ 112.00.

The New Oriental Education & Technology Group (NYSE: EDU – Get Rating) announced its financial results on Tuesday, April 26th. The company reported quarterly earnings per share ($ 0.73), but is missing an analyst consensus estimate of $ 0.71 ($ 1.44). The company’s revenue for the quarter was $ 644.09 million, compared to analysts’ estimated $ 642.75 million. As a group, research analysts predict that the New Oriental Education and Technology Group will announce a profit per share of 1.79 this year.

Recently, many institutional investors and hedge funds have bought and sold shares in EDU. Advisor Group Holdings Inc. increased its stake in New Oriental Education & Technology Group by 24.3% in the third quarter. Advisor Group Holdings Inc. currently owns $ 175,000 worth of 85,178 shares of the company after purchasing an additional 16,678 shares in the previous quarter. Creative Planning purchased a new position in the New Oriental Education & Technology Group worth $ 533,000 in the third quarter. Panagora Asset Management Inc. increased its stake in the New Oriental Education & Technology Group by 96.7% in the third quarter. Panagora Asset Management Inc. owns $ 393,000 worth of $ 393,000 worth of 191,825 shares after an additional purchase of 94,285 shares during the period. The California Public Employees Retirement System increased its shareholding position in the New Oriental Education & Technology Group by 0.8% in the third quarter. The California Public Employees Retirement System owns $ 6,702,000 worth of $ 6,702,000 worth of 3,269,170 shares after purchasing an additional 26,135 shares in the previous quarter. Finally, Mitsubishi UFJ Trust and Banking increased its stake in New Oriental Education and Technology Group by 136.6% in the third quarter. Mitsubishi UFJ Trust and Banking currently owns 1,095,029 shares of the company for $ 2,245,000 after acquiring an additional 632,288 shares in the previous quarter.

New Oriental Education & Technology Group Company Profile (Get evaluation)

New Oriental Education & Technology Group Inc offers New Oriental brand private education services in the People’s Republic of China. It is run through K-12 AST, test preparation and other courses. Online education; and other segments. The company offers exam preparation courses for students taking language and entrance exams used in educational institutions in the United States, the People’s Republic of China, and federal countries. An after-school tutoring course for junior high and high school students to improve their exam scores, and a course for children to teach English.

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