Tarena International Inc (TEDU) Upgraded at Zacks Investment Research
Tarena International Inc (NASDAQ:TEDU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued 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. “
Several other research firms have also weighed in on TEDU. TheStreet lowered shares of Tarena International from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Jefferies Group restated a “buy” rating and set a $13.40 price objective on shares of Tarena International in a report on Tuesday, August 16th. Finally, Brean Capital restated a “buy” rating and set a $16.00 price objective on shares of Tarena International in a report on Tuesday, May 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $14.23.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/tarena-international-inc-tedu-upgraded-at-zacks-investment-research.html
Tarena International (NASDAQ:TEDU) opened at 14.71 on Tuesday. Tarena International has a 52-week low of $8.32 and a 52-week high of $15.18. The firm has a market cap of $821.70 million, a price-to-earnings ratio of 27.91 and a beta of 1.41. The firm’s 50-day moving average is $13.01 and its 200-day moving average is $11.26.
Tarena International (NASDAQ:TEDU) last posted its earnings results on Monday, August 15th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The firm earned $55.90 million during the quarter, compared to analyst estimates of $54.66 million. Analysts forecast that Tarena International will post $0.77 EPS for the current fiscal year.
Several large investors have recently modified their holdings of TEDU. Walleye Trading LLC raised 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 during the last quarter. BlackRock Group LTD raised its stake in shares of Tarena International by 15.3% in the first quarter. BlackRock Group LTD now owns 11,065 shares of the company’s stock worth $120,000 after buying an additional 1,467 shares during the last quarter. Smith Asset Management Group LP bought a new stake in shares of Tarena International during the second quarter worth approximately $117,000. BlackRock Inc. raised its stake in shares of Tarena International by 289.1% in the first quarter. BlackRock Inc. now owns 12,086 shares of the company’s stock worth $131,000 after buying an additional 8,980 shares during the last quarter. Finally, Geode Capital Management LLC bought a new stake in shares of Tarena International during the first quarter worth approximately $134,000.
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.
Receive News & Ratings for Tarena International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tarena International Inc and related companies with MarketBeat.com's FREE daily email newsletter.