UBS Asset Management Switzerland … recently announced the acquisition of new stake in New Oriental Education & Technology Group Inc. (NYSE:EDU). The institutional investor has increased its shareholding in the Consumer Defensive company by 16.63% to 3.89 million shares with purchase of 0.55 million shares. This fresh investment now brings its stake to 2.45% valued currently at $506.3 million. In addition, Fidelity Management & Research Co… raised its holdings by 0.74 million to 3.88 million shares. And SSgA Funds Management, Inc. has lifted its position by 6.08% or 0.17 million shares – to 3.04 million shares.
With over 1.03 million New Oriental Education & Technology Group Inc. (EDU) shares trading Friday and a closing price of $138.05 on the day, the dollar volume was approximately $142.3 million. The shares have shown a negative weekly performance of -3.14% and its price on 07/24/20 gained nearly 0.06%. Currently, there are 158.29M common shares owned by the public and among those 137.49M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 30 analysts who have offered their price forecasts for EDU have a consensus price objective of $158.06. The analysts have set the share’s price value over the next 12 months at a high of $182.67 and a low of $130.00 should the stock experience a downside. Incidentally, analysts’ outlook for the New Oriental Education & Technology Group Inc. stock is 1.60 for the next 12 months. The average price target is 11.64% above its last price level and an upside to the estimated low will see the stock lose -6.19% over that period. But an upside of 24.43% will see the stock hit the forecast high price target while mean target price for the stock is $159.15.
The top 3 mutual fund holders in New Oriental Education & Technology Group Inc. are Davis New York Venture Fund, Government Pension Fund – Global, and Vanguard Total International Stoc. Davis New York Venture Fund owns 2.86 million shares of the company’s stock, all valued at over $371.97 million. The company sold -1.01 million shares recently to bring their total holdings to about 1.80% of the shares outstanding. Government Pension Fund – Global bought 0.36 million shares to see its total holdings expand to 2.4 million shares valued at over $312.81 million and representing 1.52% of the shares outstanding. Vanguard Total International Stoc sold 28698.0 shares to bring its total holdings to over 2.36 million shares at a value of $307.95 million. Vanguard Total International Stoc now owns shares totaling to 1.49% of the shares outstanding.
Shares of New Oriental Education & Technology Group Inc. (NYSE: EDU) opened at $136.27, down -$1.7 from a prior closing price of $137.97. However, the script later closed the day at $138.05, up 0.06%. The company’s stock has a 5-day price change of -3.14% and 25.33% over the past three months. EDU shares are trading 13.86% year to date (YTD), with the 12-month market performance up to 27.91% higher. It has a 12-month low price of $97.50 and touched a high of $153.02 over the same period. Currently, 1.03 million shares have been traded, compared to an average intraday trading volume of 1.23 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.64%, 5.08%, and 10.42% respectively.
Institutional ownership of New Oriental Education & Technology Group Inc. (NYSE: EDU) shares accounts for 87.40% of the company’s 158.29M shares outstanding. Mutual fund holders own 39.28%, while other institutional holders and individual stakeholders account for 46.41% and — respectively.
It has a market capitalization of $22.21B and a beta (3y monthly) value of 1.30. The stock’s trailing 12-month PE ratio is 49.64, while the earnings-per-share (ttm) stands at $2.78. The company has a PEG of 1.87 and a Quick Ratio of 1.50 with the debt-to-equity ratio at 0.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.72% over the week and 3.42% over the month.
Analysts forecast that New Oriental Education & Technology Group Inc. (EDU) will achieve an EPS of $0.35 for the current quarter, $1.13 for the next quarter and $3.99 for 2021. The lowest estimate earnings-per-share for the quarter is $0.3 while analysts give the company a high EPS estimate of $0.43. Comparatively, EPS for the current quarter was $0.6 a year ago. Earnings per share for the fiscal year are expected to decrease by -20.40%, and 28.81% over the next financial year. EPS should grow at an annualized rate of 26.57% over the next five years, compared to 1.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 30 brokerage firm advisors rate New Oriental Education & Technology Group Inc. (EDU) as a “Strong Buy” at a consensus score of 1.60. Specifically, 29 Wall Street analysts polled rate the stock as a buy, while 0 of the 30 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the EDU, a number of firms have released research notes about the stock. CLSA stated their Buy rating for the stock in a research note on April 22, 2020, with the firm’s price target at . Deutsche Bank coverage for the New Oriental Education & Technology Group Inc. (EDU) stock in a research note released on February 28, 2020 offered a Buy rating with a price target of $150. CLSA was of a view on January 21, 2020 that the stock is Outperform, while JP Morgan gave the stock Overweight rating on October 17, 2019, issuing a price target of $88- $143. The Benchmark Company on their part issued Buy rating on April 24, 2019.