Tarena International (TEDU) PT Lowered to $13.50

Tarena International (NASDAQ:TEDU) had its price objective decreased by analysts at Nomura from $17.50 to $13.50 in a report issued on Tuesday. The brokerage presently has a “neutral” rating on the business services provider’s stock. Nomura’s price target would indicate a potential upside of 11.85% from the company’s current price.

A number of other analysts also recently issued reports on TEDU. BidaskClub downgraded shares of Tarena International from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Zacks Investment Research downgraded shares of Tarena International from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Finally, Jefferies Group downgraded shares of Tarena International from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Tarena International currently has a consensus rating of “Hold” and an average target price of $18.80.

Shares of Tarena International (NASDAQ:TEDU) traded up $0.15 during mid-day trading on Tuesday, hitting $12.07. 148,400 shares of the stock traded hands, compared to its average volume of 123,721. The stock has a market capitalization of $675.36, a P/E ratio of 23.21, a P/E/G ratio of 1.46 and a beta of 0.75. Tarena International has a 52 week low of $11.48 and a 52 week high of $21.70.

Tarena International (NASDAQ:TEDU) last announced its earnings results on Monday, November 20th. The business services provider reported $0.24 EPS for the quarter. The company had revenue of $85.17 million during the quarter. Tarena International had a net margin of 11.77% and a return on equity of 13.44%. analysts forecast that Tarena International will post 0.5 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Walleye Trading LLC increased its holdings in Tarena International by 112.0% during the second quarter. Walleye Trading LLC now owns 10,600 shares of the business services provider’s stock worth $109,000 after buying an additional 5,600 shares during the last quarter. Smith Asset Management Group LP purchased a new stake in Tarena International during the second quarter worth about $117,000. BlackRock Group LTD increased its holdings in Tarena International by 15.3% during the first quarter. BlackRock Group LTD now owns 11,065 shares of the business services provider’s stock worth $120,000 after buying an additional 1,467 shares during the last quarter. UBS Group AG increased its holdings in Tarena International by 137.2% during the first quarter. UBS Group AG now owns 6,553 shares of the business services provider’s stock worth $122,000 after buying an additional 3,790 shares during the last quarter. Finally, 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 business services provider’s stock worth $131,000 after purchasing an additional 8,980 shares in the last quarter. Institutional investors and hedge funds own 34.45% of the company’s stock.

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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.

Analyst Recommendations for Tarena International (NASDAQ:TEDU)

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