Tarena International, Inc. (TEDU) Downgraded by Numis Securities Ltd
Numis Securities Ltd lowered shares of Tarena International, Inc. (NASDAQ:TEDU) from a buy rating to a neutral rating in a research note issued to investors on Tuesday. The firm currently has $19.50 price target on the business services provider’s stock, down from their prior price target of $20.50.
Several other brokerages also recently issued reports on TEDU. BidaskClub downgraded shares of Tarena International from a buy rating to a hold rating in a research report on Tuesday, July 25th. Instinet downgraded shares of Tarena International from a buy rating to a neutral rating and reduced their price target for the stock from $22.50 to $19.50 in a research report on Tuesday. Nomura reiterated a neutral rating on shares of Tarena International in a research report on Tuesday. Zacks Investment Research upgraded shares of Tarena International from a hold rating to a buy rating and set a $20.00 price target on the stock in a research report on Saturday, May 27th. Finally, Jefferies Group LLC restated a buy rating and set a $21.50 target price on shares of Tarena International in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Tarena International currently has a consensus rating of Hold and a consensus target price of $20.25.
Tarena International (NASDAQ:TEDU) opened at 13.37 on Tuesday. Tarena International has a 12 month low of $13.32 and a 12 month high of $13.95.
Tarena International (NASDAQ:TEDU) last issued its quarterly earnings results on Monday, August 21st. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.07. The company had revenue of $66.43 million for the quarter. Tarena International had a return on equity of 15.30% and a net margin of 13.74%. On average, equities research analysts forecast that Tarena International will post $0.98 EPS for the current year.
Tarena International declared that its board has initiated a share repurchase plan on Monday, August 21st that allows the company to buyback $30.00 million in outstanding shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG increased its position in Tarena International by 137.2% in 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. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in Tarena International during the first quarter worth about $149,000. Dupont Capital Management Corp increased its position in Tarena International by 23.7% in the second quarter. Dupont Capital Management Corp now owns 9,897 shares of the business services provider’s stock worth $177,000 after buying an additional 1,897 shares during the last quarter. Westpac Banking Corp acquired a new position in Tarena International during the first quarter worth about $235,000. Finally, KCG Holdings Inc. acquired a new position in Tarena International during the first quarter worth about $266,000. Institutional investors own 34.87% of the company’s stock.
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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