Tarena International Inc (NASDAQ:TEDU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $16.00 target price on the stock. Zacks Investment Research’s target price would suggest a potential upside of 8.77% from the stock’s current price.

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. “

Other analysts have also recently issued reports about the company. Jefferies Group began coverage on Tarena International in a research report on Saturday, July 9th. They set a “buy” rating on the stock. Brean Capital reaffirmed a “buy” rating and set a $16.00 price objective on shares of Tarena International in a research report on Tuesday, May 24th. Finally, TheStreet raised Tarena International from a “hold” rating to a “buy” rating in a research report on Monday, August 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Tarena International presently has a consensus rating of “Buy” and a consensus target price of $14.23.

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Shares of Tarena International (NASDAQ:TEDU) opened at 14.71 on Tuesday. Tarena International has a 12 month low of $8.32 and a 12 month high of $15.18. The company’s 50 day moving average price is $13.01 and its 200-day moving average price is $11.26. The stock has a market capitalization of $821.70 million, a P/E ratio of 27.91 and a beta of 1.41.

Tarena International (NASDAQ:TEDU) last posted its quarterly earnings data on Monday, August 15th. The company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The firm had revenue of $55.90 million for the quarter, compared to the consensus estimate of $54.66 million. Equities analysts predict that Tarena International will post $0.77 earnings per share for the current year.

Several hedge funds have recently modified their holdings of TEDU. Pine River Capital Management L.P. boosted its stake in shares of Tarena International by 19.1% in the second quarter. Pine River Capital Management L.P. now owns 51,992 shares of the company’s stock worth $537,000 after buying an additional 8,334 shares in the last quarter. Walleye Trading LLC boosted its stake in shares of Tarena International by 112.0% in the second quarter. Walleye Trading LLC now owns 10,600 shares of the company’s stock worth $109,000 after buying an additional 5,600 shares in the last quarter. State Street Corp boosted its stake in shares of Tarena International by 101.1% in the second quarter. State Street Corp now owns 55,900 shares of the company’s stock worth $577,000 after buying an additional 28,100 shares in the last quarter. State of Wisconsin Investment Board bought a new stake in shares of Tarena International during the second quarter worth approximately $175,000. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Tarena International by 73.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 116,313 shares of the company’s stock worth $1,202,000 after buying an additional 49,427 shares in the last quarter.

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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