New Oriental Education & Technology Group Inc. (NYSE: EDU) is -21.96% lower on its value in year-to-date trading and has touched a low of $10.27 and a high of $19.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EDU stock was last observed hovering at around $14.00 in the last trading session, with the day’s gains setting it 0.5% off its average median price target of $20.40 for the next 12 months. It is also 38.79% off the consensus price target high of $23.69 offered by 33 analysts, but current levels are 19.44% higher than the price target low of $18.00 for the same period.
Currently trading at $14.50, the stock is -11.27% and -16.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.82 million and changing 3.57% at the moment leaves the stock -9.72% off its SMA200. EDU registered 38.44% gain for a year compared to 6-month gain of -3.01%. The firm has a 50-day simple moving average (SMA 50) of $17.14 and a 200-day simple moving average (SMA200) of $16.96.
The stock witnessed a -21.20% loss in the last 1 month and extending the period to 3 months gives it a -19.98%, and is -9.43% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.30% over the week and 6.04% over the month.
New Oriental Education & Technology Group Inc. (EDU) has around 69438 employees, a market worth around $24.00B and $3.60B in sales. Current P/E ratio is 61.44 and Fwd P/E is 30.08. Profit margin for the company is 10.60%. Distance from 52-week low is 41.24% and -27.41% from its 52-week high. The company has generated returns on investments over the last 12 months (8.20%).
New Oriental Education & Technology Group Inc. (EDU) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for New Oriental Education & Technology Group Inc. (EDU) is a “Buy”. 33 analysts offering their recommendations for the stock have an average rating of 1.60, where 0 rate it as a Hold and 5 think it is a “Overweight”. 28 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
New Oriental Education & Technology Group Inc. is expected to release its quarterly report on 07/27/2021 and quarterly earnings per share for the current quarter are estimated at $0.07 with sales reaching $1.13B over the same period.The EPS is expected to grow by 73.10% this year, but quarterly earnings will post 15.60% year-over-year. Quarterly sales are estimated to grow 22.80% in year-over-year returns.
New Oriental Education & Technology Group Inc. (EDU) Top Institutional Holders
779 institutions hold shares in New Oriental Education & Technology Group Inc. (EDU), with 2.32M shares held by insiders accounting for 0.14% while institutional investors hold 80.52% of the company’s shares. The shares outstanding are 1.63B, and float is at 1.42B with Short Float at 2.11%. Institutions hold 80.41% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 75.36 million shares valued at $1.4 billion. The investor’s holdings represent 4.40% of the EDU Shares outstanding. As of Dec 30, 2020, the second largest holder is Davis Selected Advisers, LP with 62.92 million shares valued at $1.17 billion to account for 3.67% of the shares outstanding. The other top investors are Schroder Investment Management Group which holds 61.15 million shares representing 3.57% and valued at over $1.14 billion, while JP Morgan Chase & Company holds 3.42% of the shares totaling 58.71 million with a market value of $1.09 billion.
New Oriental Education & Technology Group Inc. (EDU): Who are the competitors?
The company’s main competitors (and peers) include Grand Canyon Education Inc. (LOPE) that is trading 51.19% up over the past 12 months and Houghton Mifflin Harcourt Company (HMHC) that is 327.27% higher over the same period. Pearson plc (PSO) is 63.97% up on the 1-year trading charts. Short interest in the company’s stock has fallen -40.9% from the last report on Feb 11, 2021 to stand at a total of 42.34 million short shares sold with a short interest ratio of 2.48.