TheStreet upgraded shares of China Distance Education Holdings Ltd. (NYSE:DL) from a hold rating to a buy rating in a report published on Wednesday.

Several other equities analysts also recently weighed in on the stock. Credit Suisse Group AG upgraded shares of China Distance Education Holdings from an underperform rating to a neutral rating in a report on Friday, September 2nd. Piper Jaffray Cos. reaffirmed a buy rating and set a $14.00 price objective on shares of China Distance Education Holdings in a research note on Wednesday, August 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. China Distance Education Holdings has a consensus rating of Hold and a consensus price target of $12.18.

Shares of China Distance Education Holdings (NYSE:DL) opened at 13.33 on Wednesday. The stock has a market cap of $444.18 million, a P/E ratio of 16.94 and a beta of 1.87. The company’s 50-day moving average is $13.22 and its 200-day moving average is $11.83. China Distance Education Holdings has a 1-year low of $8.97 and a 1-year high of $16.96.

China Distance Education Holdings (NYSE:DL) last issued its quarterly earnings results on Tuesday, August 23rd. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.12. China Distance Education Holdings had a net margin of 24.01% and a return on equity of 45.12%. The company had revenue of $30.80 million for the quarter, compared to the consensus estimate of $28.10 million. During the same quarter in the prior year, the company earned $0.16 EPS. Equities analysts expect that China Distance Education Holdings will post $0.72 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in DL. The Manufacturers Life Insurance Company bought a new stake in China Distance Education Holdings during the third quarter worth about $123,000. Susquehanna International Group LLP raised its position in shares of China Distance Education Holdings by 194.6% in the third quarter. Susquehanna International Group LLP now owns 12,483 shares of the company’s stock worth $161,000 after buying an additional 25,683 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of China Distance Education Holdings by 51.7% in the second quarter. GSA Capital Partners LLP now owns 22,597 shares of the company’s stock worth $234,000 after buying an additional 7,697 shares during the last quarter. Van Berkom & Associates Inc. purchased a new position in shares of China Distance Education Holdings during the second quarter worth $587,000. Finally, D. E. Shaw & Co. Inc. raised its position in shares of China Distance Education Holdings by 17.5% in the third quarter. D. E. Shaw & Co. Inc. now owns 57,567 shares of the company’s stock worth $744,000 after buying an additional 8,562 shares during the last quarter. 19.06% of the stock is currently owned by hedge funds and other institutional investors.

China Distance Education Holdings Company Profile

China Distance Education Holdings Limited (CDEL) is a holding company, which is engaged in providing online and offline education services, and selling related products in the People’s Republic of China (PRC). The Company focuses on professional education, and helping professionals that aim to obtain and maintain professional licenses.

5 Day Chart for NYSE:DL

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