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.
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.
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