Shares of China Distance Education Holdings Ltd. (NYSE:DL) have earned an average rating of “Hold” from the six brokerages that are presently covering the firm. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $11.80.

Several brokerages have issued reports on DL. TheStreet upgraded China Distance Education Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, November 16th. Credit Suisse Group AG raised shares of China Distance Education Holdings from an “underperform” rating to a “neutral” rating in a research note on Friday, September 2nd. Finally, Piper Jaffray Cos. reaffirmed a “buy” rating and set a $14.00 price target on shares of China Distance Education Holdings in a research note on Wednesday, August 24th.

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Shares of China Distance Education Holdings (NYSE:DL) traded down 1.71% during mid-day trading on Monday, reaching $13.21. The company’s stock had a trading volume of 5,608 shares. The firm has a market cap of $440.18 million, a PE ratio of 16.79 and a beta of 1.87. The firm’s 50 day moving average is $13.29 and its 200 day moving average is $11.79. China Distance Education Holdings has a one year low of $8.97 and a one year high of $15.83.

Institutional investors have recently modified their holdings of the company. FIL Ltd increased its position in shares of China Distance Education Holdings by 3.5% in the second quarter. FIL Ltd now owns 1,257,400 shares of the company’s stock worth $13,002,000 after buying an additional 42,100 shares during the period. Herald Investment Management Ltd increased its position in shares of China Distance Education Holdings by 46.3% in the second quarter. Herald Investment Management Ltd now owns 206,473 shares of the company’s stock worth $2,132,000 after buying an additional 65,380 shares during the period. Aviva PLC increased its position in shares of China Distance Education Holdings by 8.6% in the second quarter. Aviva PLC now owns 167,588 shares of the company’s stock worth $1,736,000 after buying an additional 13,322 shares during the period. Morgan Stanley increased its position in shares of China Distance Education Holdings by 94.9% in the third quarter. Morgan Stanley now owns 149,307 shares of the company’s stock worth $1,929,000 after buying an additional 72,688 shares during the period. Finally, Van Berkom & Associates Inc. increased its position in shares of China Distance Education Holdings by 79.4% in the third quarter. Van Berkom & Associates Inc. now owns 101,858 shares of the company’s stock worth $1,316,000 after buying an additional 45,076 shares during the period. 18.92% of the stock is owned by institutional investors.

About China Distance Education Holdings

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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