New Oriental Education & Technology Group (NYSE:EDU) Cut to “Sell” at StockNews.com

New Oriental Education & Technology Group (NYSE:EDU) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

Separately, Citigroup reduced their price objective on New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.67.

New Oriental Education & Technology Group Stock Performance

NYSE EDU traded down $1.57 during trading hours on Monday, reaching $74.14. The stock had a trading volume of 1,028,704 shares, compared to its average volume of 1,893,243. New Oriental Education & Technology Group has a 52-week low of $58.45 and a 52-week high of $98.20. The stock has a market cap of $12.58 billion, a P/E ratio of 39.86 and a beta of 0.47. The stock has a fifty day moving average of $67.51 and a 200 day moving average of $75.13.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.19). New Oriental Education & Technology Group had a return on equity of 7.50% and a net margin of 7.18%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. On average, equities research analysts forecast that New Oriental Education & Technology Group will post 2.83 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EDU. Ridgewood Investments LLC purchased a new position in shares of New Oriental Education & Technology Group in the 2nd quarter valued at about $43,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of New Oriental Education & Technology Group in the second quarter valued at approximately $50,000. Blue Trust Inc. raised its stake in shares of New Oriental Education & Technology Group by 782.4% during the 2nd quarter. Blue Trust Inc. now owns 803 shares of the company’s stock worth $62,000 after buying an additional 712 shares during the period. Hancock Whitney Corp purchased a new position in shares of New Oriental Education & Technology Group during the 2nd quarter valued at approximately $212,000. Finally, Yousif Capital Management LLC acquired a new stake in New Oriental Education & Technology Group in the 1st quarter valued at $231,000.

About New Oriental Education & Technology Group

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.