Tarena International Inc. (TEDU) Receives Average Rating of “Buy” from Analysts
Shares of Tarena International Inc. (NASDAQ:TEDU) have been assigned an average recommendation of “Buy” from the six research firms that are covering the company. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $14.23.
TEDU has been the topic of a number of research analyst reports. Jefferies Group initiated coverage on shares of Tarena International in a research note on Saturday, July 9th. They issued a “buy” rating on the stock. TheStreet raised shares of Tarena International from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. Finally, Zacks Investment Research raised shares of Tarena International from a “sell” rating to a “hold” rating in a research note on Saturday, August 27th.
A number of large investors have recently made changes to their positions in TEDU. Walleye Trading LLC increased 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 valued at $109,000 after buying an additional 5,600 shares during the last quarter. Smith Asset Management Group LP purchased a new stake in shares of Tarena International during the second quarter worth approximately $117,000. BlackRock Inc. increased 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 in the last quarter. BlackRock Fund Advisors increased its stake in shares of Tarena International by 439.7% in the second quarter. BlackRock Fund Advisors now owns 12,736 shares of the company’s stock worth $132,000 after buying an additional 10,376 shares in the last quarter. Finally, Geode Capital Management LLC purchased a new stake in shares of Tarena International during the first quarter worth approximately $134,000. 28.67% of the stock is currently owned by hedge funds and other institutional investors.
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Tarena International (NASDAQ:TEDU) traded up 2.04% during midday trading on Wednesday, hitting $14.99. 62,936 shares of the stock traded hands. The stock has a market cap of $837.34 million, a price-to-earnings ratio of 28.44 and a beta of 1.40. Tarena International has a one year low of $8.35 and a one year high of $15.51. The company has a 50-day moving average price of $14.44 and a 200 day moving average price of $11.85.
Tarena International (NASDAQ:TEDU) last released its quarterly earnings results on Monday, August 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $55.90 million for the quarter, compared to the consensus estimate of $54.66 million. Tarena International had a net margin of 14.40% and a return on equity of 16.64%. Equities research analysts anticipate that Tarena International will post $0.77 earnings per share for the current year.
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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