Market Analysts see New Oriental Education & Technology Group Inc. [EDU] gaining to $18.70. Time to buy?

New Oriental Education & Technology Group Inc. [NYSE: EDU] traded at a high on 04/20/21, posting a 6.46 gain after which it closed the day’ session at $16.16. The company report on April 20, 2021 that New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2021.

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Quarterly Net Revenues Increased by 29.0% Year-Over-Year.

Quarterly Student Enrollments Increased by 43.0% Year-Over-Year.

The results of the trading session contributed to over 31333491 shares changing hands. Over the past one week, the price volatility of New Oriental Education & Technology Group Inc. stands at 4.13% while the volatility over the past one month is 5.25%.

The market cap for EDU stock reached $27.22 billion, with 1.63 billion shares outstanding and 1.42 billion shares in the current float. Compared to the average trading volume of 13.87M shares, EDU reached a trading volume of 31333491 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about New Oriental Education & Technology Group Inc. [EDU]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EDU shares is $20.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EDU stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

CLSA have made an estimate for New Oriental Education & Technology Group Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 15, 2021. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on September 02, 2020, representing the official price target for New Oriental Education & Technology Group Inc. stock.

The Average True Range (ATR) for New Oriental Education & Technology Group Inc. is set at 0.77, with the Price to Sales ratio for EDU stock in the period of the last 12 months amounting to 7.57. The Price to Book ratio for the last quarter was 5.61, with the Price to Cash per share for the same quarter was set at 3.62.

How has EDU stock performed recently?

New Oriental Education & Technology Group Inc. [EDU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.61. With this latest performance, EDU shares dropped by -1.88% in over the last four-week period, additionally sinking by -2.00% over the last 6 months – not to mention a rise of 47.76% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EDU stock in for the last two-week period is set at 57.42, with the RSI for the last a single of trading hit 69.05, and the three-weeks RSI is set at 52.26 for New Oriental Education & Technology Group Inc. [EDU]. The present Moving Average for the last 50 days of trading for this stock 16.78, while it was recorded at 15.16 for the last single week of trading, and 16.17 for the last 200 days.

New Oriental Education & Technology Group Inc. [EDU]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and New Oriental Education & Technology Group Inc. [EDU] shares currently have an operating margin of +11.15 and a Gross Margin at +55.60. New Oriental Education & Technology Group Inc.’s Net Margin is presently recorded at +11.55.

Return on Total Capital for EDU is now 11.31, given the latest momentum, and Return on Invested Capital for the company is 12.97. Return on Equity for this stock inclined to 16.25, with Return on Assets sitting at 7.39. When it comes to the capital structure of this company, New Oriental Education & Technology Group Inc. [EDU] has a Total Debt to Total Equity ratio set at 57.81. Additionally, EDU Total Debt to Total Capital is recorded at 36.63, with Total Debt to Total Assets ending up at 24.10. Long-Term Debt to Equity for the company is recorded at 43.75, with the Long-Term Debt to Total Capital now at 27.72.

Receivables Turnover for the company is 36.36 with a Total Asset Turnover recorded at a value of 0.64.New Oriental Education & Technology Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.

Earnings analysis for New Oriental Education & Technology Group Inc. [EDU]

With the latest financial reports released by the company, New Oriental Education & Technology Group Inc. posted 0.03/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EDU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for New Oriental Education & Technology Group Inc. go to 28.04%.

Insider trade positions for New Oriental Education & Technology Group Inc. [EDU]

There are presently around $20,693 million, or 80.30% of EDU stock, in the hands of institutional investors. The top three institutional holders of EDU stocks are: BLACKROCK INC. with ownership of 75,360,930, which is approximately 15.504% of the company’s market cap and around 0.20% of the total institutional ownership; DAVIS SELECTED ADVISERS, holding 62,916,080 shares of the stock with an approximate value of $1.02 billion in EDU stocks shares; and SCHRODER INVESTMENT MANAGEMENT GROUP, currently with $988.13 million in EDU stock with ownership of nearly -12.262% of the company’s market capitalization.

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Positions in New Oriental Education & Technology Group Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 239 institutional holders increased their position in New Oriental Education & Technology Group Inc. [NYSE:EDU] by around 127,593,961 shares. Additionally, 175 investors decreased positions by around 140,862,611 shares, while 58 investors held positions by with 1,012,077,298 shares. The mentioned changes placed institutional holdings at 1,280,533,870 shares, according to the latest SEC report filing. EDU stock had 68 new institutional investments in for a total of 32,963,870 shares, while 40 institutional investors sold positions of 33,777,140 shares during the same period.

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