Tarena International, Inc. (NASDAQ:TEDU) was downgraded by stock analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Several other brokerages also recently commented on TEDU. BidaskClub downgraded Tarena International from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded Tarena International from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Numis Securities Ltd downgraded Tarena International from a “buy” rating to a “neutral” rating and dropped their target price for the company from $20.50 to $19.50 in a report on Tuesday, August 22nd. Nomura reiterated a “neutral” rating on shares of Tarena International in a report on Tuesday, August 22nd. Finally, Instinet downgraded Tarena International from a “buy” rating to a “neutral” rating and dropped their target price for the company from $22.50 to $19.50 in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Tarena International currently has an average rating of “Hold” and an average price target of $20.10.

Shares of Tarena International (NASDAQ:TEDU) opened at $13.36 on Wednesday. The company has a market capitalization of $913.47, a PE ratio of 30.56, a P/E/G ratio of 0.82 and a beta of 1.06. Tarena International has a twelve month low of $12.52 and a twelve month high of $21.70.

Tarena International (NASDAQ:TEDU) last announced its earnings results on Monday, August 21st. The business services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.07). The company had revenue of $66.43 million for the quarter. Tarena International had a net margin of 11.77% and a return on equity of 13.56%. analysts expect that Tarena International will post 0.72 EPS for the current year.

Tarena International announced that its board has initiated a stock repurchase program 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 programs are generally a sign that the company’s leadership believes its shares are undervalued.

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Hedge funds have recently bought and sold shares of the business. UBS Group AG increased its holdings in Tarena International by 137.2% during the 1st quarter. UBS Group AG now owns 6,553 shares of the business services provider’s stock worth $122,000 after purchasing an additional 3,790 shares during the last quarter. Dupont Capital Management Corp increased its holdings in Tarena International by 23.7% during the 2nd quarter. Dupont Capital Management Corp now owns 9,897 shares of the business services provider’s stock worth $177,000 after purchasing an additional 1,897 shares during the last quarter. KCG Holdings Inc. purchased a new stake in Tarena International during the 1st quarter worth approximately $266,000. Bank of New York Mellon Corp purchased a new stake in Tarena International during the 2nd quarter worth approximately $800,000. Finally, TIAA CREF Investment Management LLC increased its holdings in Tarena International by 120.6% during the 1st quarter. TIAA CREF Investment Management LLC now owns 70,800 shares of the business services provider’s stock worth $1,323,000 after purchasing an additional 38,700 shares during the last quarter. Institutional investors own 33.10% of the company’s stock.

About Tarena International

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.

Analyst Recommendations for Tarena International (NASDAQ:TEDU)

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