Zacks Investment Research upgraded shares of Tarena International, Inc. (NASDAQ:TEDU) from a sell rating to a hold rating in a report issued on Wednesday, October 25th.
According to Zacks, “Tarena International, Inc. is a provider of professional education services in China. The Company specializes in Information Technology professional education services including classroom training. It offers education courses in nine IT subjects, such as Java, C++, software testing, PHP, embedded, Android, .NET, iOS, and Linux and network engineering; and two non-IT subjects comprising digital art, and online sales and marketing through live distance instruction, classroom-based tutoring, and online learning modules. Tarena International, Inc. is headquartered in Beijing, the People’s Republic of China. “
Several other analysts have also recently weighed in on the stock. Jefferies Group LLC reiterated a buy rating and issued a $21.50 price target on shares of Tarena International in a report on Tuesday, August 29th. Nomura reiterated a neutral rating on shares of Tarena International in a report on Tuesday, August 22nd. BidaskClub cut shares of Tarena International from a buy rating to a hold rating in a report on Tuesday, July 25th. Numis Securities Ltd cut shares of Tarena International from a buy rating to a neutral rating and cut their price target for the company from $20.50 to $19.50 in a report on Tuesday, August 22nd. Finally, Instinet cut shares of Tarena International from a buy rating to a neutral rating and dropped their target price for the company from $22.50 to $19.50 in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $20.10.
Tarena International (TEDU) opened at $14.78 on Wednesday. Tarena International has a fifty-two week low of $12.52 and a fifty-two week high of $21.70. The stock has a market cap of $849.66, a P/E ratio of 25.05, a PEG ratio of 0.77 and a beta of 1.06.
Tarena International (NASDAQ:TEDU) last issued its earnings results on Monday, August 21st. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.07). Tarena International had a return on equity of 15.30% and a net margin of 13.74%. The firm had revenue of $66.43 million during the quarter. equities analysts forecast that Tarena International will post 0.72 earnings per share for the current fiscal year.
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Tarena International declared that its board has initiated a stock repurchase program on Monday, August 21st that authorizes the company to repurchase $30.00 million in shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Several institutional investors and hedge funds have recently bought and sold shares of TEDU. UBS Group AG raised its position in shares of Tarena International by 137.2% in the 1st quarter. UBS Group AG now owns 6,553 shares of the business services provider’s stock worth $122,000 after purchasing an additional 3,790 shares during the last quarter. Dupont Capital Management Corp raised its position in shares of Tarena International by 23.7% in the 2nd quarter. Dupont Capital Management Corp now owns 9,897 shares of the business services provider’s stock worth $177,000 after purchasing an additional 1,897 shares during the last quarter. KCG Holdings Inc. purchased a new position in shares of Tarena International in the 1st quarter worth about $266,000. Citadel Advisors LLC purchased a new position in shares of Tarena International in the 1st quarter worth about $268,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Tarena International in the 2nd quarter worth about $800,000. 35.01% of the stock is owned by hedge funds and other institutional investors.
Tarena International Company Profile
Tarena International, Inc (Tarena International) is a holding company. The Company, through its subsidiaries, provides professional education services, including professional information technology (IT) training courses and non-IT training courses across the People’s Republic of China (PRC). It operates through training segment.
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