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Analysts at Credit Suisse started coverage on shares of China Distance Education Hldgs Ltd (NYSE:DL) in a research report issued to clients and investors on Wednesday, reports. The firm set a “neutral” rating and a $18.00 price target on the stock. Credit Suisse’s price target would suggest a potential upside of 9.49% from the company’s current price.

China Distance Education Hldgs Ltd (NYSE:DL) opened at 16.1448 on Wednesday. China Distance Education Hldgs Ltd has a 52-week low of $9.30 and a 52-week high of $28.75. The stock’s 50-day moving average is $16.18 and its 200-day moving average is $17.84. The company has a market cap of $576.1 million and a price-to-earnings ratio of 30.96.

China Distance Education Hldgs Ltd (NYSE:DL) last announced its earnings results on Wednesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. The company had revenue of $25.00 million for the quarter, compared to the consensus estimate of $23.74 million. Analysts expect that China Distance Education Hldgs Ltd will post $0.58 EPS for the current fiscal year.

China Distance Education Holdings Limited (NYSE:DL) offers a range of online education and test preparation courses and other related services and products.

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