Jefferies Group LLC Reiterates “Buy” Rating for Tarena International, Inc. (TEDU)
Tarena International, Inc. (NASDAQ:TEDU)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group LLC in a research note issued on Tuesday. They currently have a $21.50 price target on the business services provider’s stock. Jefferies Group LLC’s price target suggests a potential upside of 66.15% from the stock’s previous close.
Several other research firms have also recently issued reports on TEDU. BidaskClub cut shares of Tarena International from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research cut shares of Tarena International from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Goldman Sachs Group, Inc. (The) cut shares of Tarena International from a “buy” rating to a “neutral” rating and set a $20.00 price target for the company. in a report on Tuesday, May 16th. Numis Securities Ltd cut shares of Tarena International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $20.50 to $19.50 in a report on Tuesday, August 22nd. Finally, Nomura reissued a “neutral” rating on shares of Tarena International in a report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $20.25.
Tarena International (TEDU) traded up 0.46% during trading on Tuesday, hitting $13.00. The stock had a trading volume of 111,196 shares. Tarena International has a 52-week low of $12.86 and a 52-week high of $13.18.
Tarena International (NASDAQ:TEDU) last posted its quarterly earnings results on Monday, August 21st. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.07. The firm 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, analysts predict that Tarena International will post $0.81 earnings per share for the current fiscal year.
Tarena International declared that its Board of Directors has initiated a share buyback plan on Monday, August 21st that authorizes the company to repurchase $30.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Westpac Banking Corp bought a new position in shares of Tarena International during the first quarter worth about $235,000. ClariVest Asset Management LLC boosted its position in shares of Tarena International by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 19,652 shares of the business services provider’s stock worth $367,000 after buying an additional 1,005 shares during the period. Dupont Capital Management Corp boosted its position in shares of 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 period. UBS Group AG boosted its position in shares of 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 period. Finally, DUPONT CAPITAL MANAGEMENT Corp bought a new position in shares of Tarena International during the first quarter worth about $149,000. 36.76% of the stock is owned by institutional investors.
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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