Tarena International, Inc. (TEDU) Downgraded by Zacks Investment Research
Zacks Investment Research cut shares of Tarena International, Inc. (NASDAQ:TEDU) from a hold rating to a sell rating in a research note released on Saturday.
According to Zacks, “Tarena International, Inc. is a provider of professional education services in China. The Company specializes in Information Technology professional education services including classroom training. It offers education courses in nine IT subjects, such as Java, C++, software testing, PHP, embedded, Android, .NET, iOS, and Linux and network engineering; and two non-IT subjects comprising digital art, and online sales and marketing through live distance instruction, classroom-based tutoring, and online learning modules. Tarena International, Inc. is headquartered in Beijing, the People’s Republic of China. “
Several other analysts have also recently issued reports on TEDU. Jefferies Group LLC reissued a buy rating on shares of Tarena International in a research note on Wednesday, May 24th. BidaskClub cut Tarena International from a buy rating to a hold rating in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) cut Tarena International from a buy rating to a neutral rating and set a $20.00 target price on the stock. in a research note on Tuesday, May 16th. Numis Securities Ltd cut Tarena International from a buy rating to a neutral rating and cut their target price for the stock from $20.50 to $19.50 in a research note on Tuesday, August 22nd. Finally, Nomura reissued a neutral rating on shares of Tarena International in a research note on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $20.25.
Tarena International (NASDAQ:TEDU) opened at 12.94 on Friday. Tarena International has a 12-month low of $12.52 and a 12-month high of $13.53.
Tarena International (NASDAQ:TEDU) last announced its quarterly earnings data on Monday, August 21st. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.07. Tarena International had a net margin of 13.74% and a return on equity of 15.30%. The company had revenue of $66.43 million for the quarter. Equities analysts forecast that Tarena International will post $0.89 earnings per share for the current fiscal year.
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Tarena International announced that its board has authorized a stock buyback plan on Monday, August 21st that permits the company to buyback $30.00 million in outstanding shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
A number of hedge funds have recently bought and sold shares of TEDU. Westpac Banking Corp purchased a new stake in Tarena International during the first quarter valued at $235,000. UBS Group AG raised 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 valued at $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 valued at about $149,000. Dupont Capital Management Corp raised 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 valued at $177,000 after buying an additional 1,897 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new position in Tarena International during the first quarter valued at about $266,000. 36.76% of the stock is currently 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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