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EDU $61.27

EDU target price
61.27
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New Oriental Education & Technology Group Inc.
Type
Public
Founded 1993
Headquarters No.6 Haidian Zhongjie, Haidian District, Beijing (100080)
Key people
Yu Minhong (CEO) (俞敏洪; also known as "Michael Yu")
Number of employees
over 17,700 (2016)
Website www.neworiental.org

New Oriental Education & Technology Group Inc. (Simplified Chinese 新东方教育科技集团, NYSE: EDU), more commonly New Oriental (Simplified Chinese 新东方), is a provider of private educational services in China. The headquarters of New Oriental is located in the Haidian district of Beijing. It is currently the largest comprehensive private educational company in China based on the number of program offerings, total student enrollments, and geographic presence. The business of New Oriental includes pre-school education, general courses for students of various age levels, online education, overseas study consulting, and textbook publishing. New Oriental was the first Chinese educational institution to enter the New York Stock Exchange in the United States, holding its IPO in 2006. As of 2016, New Oriental has built 67 short-time language educational schools, 20 book stores, 771 learning centers, and more than 5,000 third-party bookstores in 56 cities in China. New Oriental has had over 26.6 million student enrollments, including over 1.3 million enrollments in first quarter 2017. The company's market capitalization was approximately USD 6.2 billion.

In recent years, New Oriental's revenue is mostly driven by K-12 tutoring services for elementary school and middle-to high-school students. In addition, the company has been investing heavily in online education since 2015.

Beijing New Oriental School was established on November 16, 1993, by Yu Minhong, an English teacher at Peking University. He initially focused on the TOEFL and GRE exams but then expanded the company to provide services for various other exams and fields as well. The school is now one of the largest companies in China, and on September 7, 2006, New Oriental was listed on New York Stock Exchange.

As of 2016 there are 67 schools, learning centers, vocational training centers and offices all over Mainland China. The North America Department and United Kingdom Department are the company's main source of revenue, which focuses on preparing students for the TOEFL, SAT, ACT GRE, GMAT, IELTS and LSAT. The company also offers other services including preparing students for the National English Graduate Exam, Teenage English Courses, Pop English (Kindergarten and Primary School English), consultation on preparing for interviews, consultation on preparing admission letters, and training centers for culinary art.

Yu Minhong (b. October 15, 1962; also known as "Michael Yu") was appointed CEO and Chairman of the company, starting in 1993. He started his career at Peking University in 1985. He founded New Oriental in 1993 after he left Peking University. He is vice chairman of Beijing Young Entrepreneurs Association.

Louis Hsieh served as New Oriental's Chief Financial Officer from 2005 to 2015, and President from 2009 to 2016.

In 2001, the US Educational Testing Service sent a public letter to US universities, reminding them to pay special attention to Chinese students' GRE scores. In this letter, ETS hinted that New Oriental used their past exam questions in teaching without authorization.

In January, 2001, New Oriental was sued by the ETS for illegally copying, publishing, and selling its testing questions for examinations for non-English-speaking students since 1997. On September 27, 2003, the First Intermediate People's Court of Beijing made a ruling during the first trial, ordering the Chinese school to pay over 10 million yuan (about 1.2 million US dollars) to the ETS in compensation for the infringement.

The Higher People's Court of Beijing maintained that the Beijing-based New Oriental School (NOS) should pay compensation to the ETS, for the infringement of copy and trademark rights. However, the higher court reduced the sum of compensation by over 6 million yuan (about 722,000 US dollars) to 3,740,186.2 yuan (about 450,624 US dollars) plus 22,000 yuan (about 2,650 US dollars) for court charges.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2022 2023-02-01 Future report Set alerts
Q1 2022 2022-09-12 0.00 0.00
Q4 2021 2022-07-27 -0.94 -0.94
Q3 2021 2022-04-26 0.00 0.00
Q2 2021 2022-02-17 0.00 0.00
Q1 2021 2021-11-18 0.00 0.00
Q4 2020 2021-09-24 0.04 0.04
Q3 2020 2021-04-20 0.10 0.10
Q1 2020 2020-10-13 1.15 1.09
Q4 2019 2020-07-28 0.30 0.08

Ratings

2016-07-08 Reiterated Rating Jefferies Group Buy $50.00
2016-04-20 Reiterated Rating Brean Capital Buy $41.00 to $49.00
2016-04-14 Initiated Coverage Morgan Stanley Overweight $43.00
2016-03-18 Downgrade JPMorgan Chase & Co. Overweight to Neutral $38.00 to $36.00
2016-02-24 Upgrade Deutsche Bank Hold to Buy
2016-02-24 Upgrade Deutsche Bank AG Hold to Buy
2016-02-04 Upgrade Mizuho Neutral to Buy $38.00
2016-01-21 Boost Price Target Macquarie Outperform $32.00 to $33.00
2016-01-20 Reiterated Rating Brean Capital Buy $41.00
2016-01-15 Boost Price Target T.H. Capital Buy $29.00 to $34.00
2016-01-14 Initiated Coverage Credit Suisse Outperform $36.00
2016-01-14 Initiated Coverage Credit Suisse Group AG Outperform $36.00
2015-12-08 Reiterated Rating Brean Capital Buy $32.00 to $41.00
2015-11-20 Boost Price Target JPMorgan Chase & Co. $31.00 to $37.00
2015-10-30 Upgrade Macquarie Neutral to Outperform
2015-10-21 Upgrade Jefferies Group Hold to Buy $25.00 to $32.00
2015-10-21 Upgrade Brean Capital Hold to Buy $32.00
2015-10-14 Upgrade Goldman Sachs Sell to Neutral $24.00
2015-10-14 Upgrade Goldman Sachs Group Inc. Sell to Neutral $24.00
2015-09-09 Reiterated Rating JPMorgan Chase & Co. Overweight $33.00 to $27.00
2015-07-22 Initiated Coverage Brean Capital Hold
2015-07-16 Reiterated Rating Jefferies Group Hold $25.00
2015-07-14 Reiterated Rating Brean Capital Hold
2015-04-26 Reiterated Rating Oppenheimer Market Perform
2015-04-26 Reiterated Rating Oppenheimer Holdings Inc. Market Perform
2015-04-14 Boost Price Target JPMorgan Chase & Co. Overweight $25.00 to $29.00
2015-04-13 Initiated Coverage Brean Capital Hold
2015-02-27 Initiated Coverage BNP Paribas Buy
2015-01-21 Reiterated Rating Oppenheimer Market Perform
2015-01-16 Lower Price Target Jefferies Group Hold $24.00 to $21.50
2015-01-13 Reiterated Rating Oppenheimer Market Perform
2014-10-15 Downgrade Goldman Sachs Neutral to Sell
2014-08-27 Initiated Coverage Credit Suisse Outperform $30.00
2014-07-24 Downgrade Macquarie Outperform to Neutral $36.50 to $22.00
2014-07-23 Downgrade Oppenheimer Outperform to Market Perform $32.00
2014-07-23 Reiterated Rating JPMorgan Chase & Co. Overweight $40.00 to $34.00
2014-07-23 Downgrade Jefferies Group Buy to Hold $35.00 to $24.00
2014-07-22 Lower Price Target Goldman Sachs $24.00
2014-07-08 Reiterated Rating JPMorgan Chase & Co. Overweight $35.00 to $40.00
2014-05-09 Initiated Coverage JPMorgan Chase & Co. Overweight
2014-05-05 Downgrade Deutsche Bank Buy to Hold $37.00 to $27.00
2014-04-29 Lower Price Target Oppenheimer Outperform $37.00 to $32.00
2014-04-29 Reiterated Rating Jefferies Group Buy $40.00 to $35.00
2014-02-07 Initiated Coverage Citigroup Inc. Buy
2014-01-21 Initiated Coverage BNP Paribas Buy
2014-01-08 Boost Price Target Jefferies Group $36.00
2013-10-24 Boost Price Target Jefferies Group Buy $25.30 to $31.00
2013-10-23 Boost Price Target Deutsche Bank $27.00 to $31.00
2013-09-16 Reiterated Rating Wells Fargo & Co. Outperform $34.00
2013-07-11 Reiterated Oppenheimer Outperform $21 to $26
2012-10-15 Upgrade Oppenheimer Perform to Outperform $25
2012-07-18 Downgrade Oppenheimer Outperform to Perform $35
2012-07-17 Downgrade Robert W. Baird Outperform to Neutral $32 to $19
2011-10-19 Upgrade Wunderlich Hold to Buy $32 to $42
2010-04-21 Reiterated Oppenheimer Outperform $92 to $102
2010-04-13 Reiterated Oppenheimer Outperform $82 to $92
2010-03-19 Reiterated Brean Murray Buy $88 to $95
2010-03-12 Initiated Deutsche Bank Buy $90
2010-02-24 Downgrade Citigroup Buy to Hold $75 to $80
2010-02-05 Upgrade Brean Murray Hold to Buy $80
2010-01-20 Downgrade Credit Suisse Outperform to Neutral $79.30 to $76.80
2009-02-13 Reiterated Credit Suisse Outperform $81.30 to $72.20
2009-02-13 Downgrade William Blair Outperform to Mkt Perform
2008-11-18 Initiated Robert W. Baird Neutral $64
2008-05-08 Reiterated Susquehanna Financial Positive $77 to $85
2016-07-08 Reiterated Rating Jefferies Group Buy $50.00
2016-04-20 Reiterated Rating Brean Capital Buy $41.00 to $49.00
2016-04-14 Initiated Coverage Morgan Stanley Overweight $43.00
2016-03-18 Downgrade JPMorgan Chase & Co. Overweight to Neutral $38.00 to $36.00
2016-02-24 Upgrade Deutsche Bank Hold to Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks