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 note issued to investors on Tuesday. The firm currently has a $21.00 price target on the business services provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 15.51% from the stock’s previous close.
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 equities analysts have also issued research reports about the company. Jefferies Group LLC reiterated a “buy” rating on shares of Tarena International in a research note on Wednesday, May 24th. Goldman Sachs Group, Inc. (The) lowered Tarena International from a “buy” rating to a “neutral” rating and set a $20.00 target price on the stock. in a research note on Tuesday, May 16th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.60.
Shares of Tarena International (NASDAQ:TEDU) traded down 0.77% during mid-day trading on Tuesday, hitting $18.04. The stock had a trading volume of 11,970 shares. The stock has a market capitalization of $1.02 billion, a P/E ratio of 30.17 and a beta of 1.01. Tarena International has a 52 week low of $9.76 and a 52 week high of $20.29. The stock has a 50 day moving average of $18.47 and a 200-day moving average of $17.05.
Tarena International (NASDAQ:TEDU) last announced its earnings results on Monday, May 22nd. The business services provider reported ($0.06) earnings per share for the quarter. The firm had revenue of $48.30 million for the quarter. Tarena International had a return on equity of 15.89% and a net margin of 14.79%. On average, equities research analysts predict that Tarena International will post $0.95 earnings per share for the current year.
The business also recently declared an annual dividend, which was paid on Friday, June 9th. Investors of record on Friday, June 9th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, June 7th. Tarena International’s dividend payout ratio is currently 22.95%.
Large investors have recently modified their holdings of the company. Alliancebernstein L.P. increased its stake in shares of Tarena International by 70.8% in the first quarter. Alliancebernstein L.P. now owns 2,924,010 shares of the business services provider’s stock worth $54,621,000 after buying an additional 1,212,463 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Tarena International by 126.2% in the first quarter. Renaissance Technologies LLC now owns 811,300 shares of the business services provider’s stock worth $15,155,000 after buying an additional 452,600 shares in the last quarter. Tiger Pacific Capital LP bought a new stake in shares of Tarena International during the first quarter worth about $7,884,000. Schroder Investment Management Group increased its stake in shares of Tarena International by 52.3% in the first quarter. Schroder Investment Management Group now owns 1,029,065 shares of the business services provider’s stock worth $19,542,000 after buying an additional 353,405 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Tarena International by 1,396.3% in the first quarter. Victory Capital Management Inc. now owns 252,556 shares of the business services provider’s stock worth $4,718,000 after buying an additional 235,677 shares in the last quarter. 35.50% of the stock is currently owned by institutional investors and hedge funds.
About Tarena International
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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