Tarena International Inc. (TEDU) PT Set at $20.00 by Credit Suisse Group AG
Tarena International Inc. (NASDAQ:TEDU) has been given a $20.00 price objective by research analysts at Credit Suisse Group AG in a report released on Monday. The brokerage presently has a “buy” rating on the stock. Credit Suisse Group AG’s target price points to a potential upside of 20.70% from the company’s previous close.
TEDU has been the subject of a number of other research reports. Jefferies Group reissued a “buy” rating and issued a $13.40 price target on shares of Tarena International in a research note on Tuesday, August 16th. Zacks Investment Research cut shares of Tarena International from a “hold” rating to a “sell” rating in a research note on Saturday, September 3rd. Finally, TheStreet cut shares of Tarena International from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $16.35.
Shares of Tarena International (NASDAQ:TEDU) opened at 16.57 on Monday. The firm’s 50-day moving average is $0.00 and its 200-day moving average is $0.00.
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A number of large investors have recently made changes to their positions in TEDU. Acadian Asset Management LLC boosted its stake in shares of Tarena International by 500.9% in the second quarter. Acadian Asset Management LLC now owns 272,651 shares of the company’s stock valued at $2,819,000 after buying an additional 227,280 shares during the last quarter. Copper Rock Capital Partners LLC purchased a new stake in shares of Tarena International during the third quarter valued at $2,535,000. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Tarena International by 73.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 116,313 shares of the company’s stock valued at $1,202,000 after buying an additional 49,427 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of Tarena International during the third quarter valued at $1,667,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Tarena International during the second quarter valued at $821,000. 27.80% of the stock is owned by institutional investors and hedge funds.
Tarena International Company Profile
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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