Tarena International’s (TEDU) Hold Rating Reiterated at Jefferies Group
Jefferies Group restated their hold rating on shares of Tarena International (NASDAQ:TEDU) in a research note released on Wednesday. Jefferies Group currently has a $12.35 price target on the business services provider’s stock.
Several other research firms also recently weighed in on TEDU. BidaskClub downgraded Tarena International from a buy rating to a hold rating in a research report on Wednesday, January 10th. Zacks Investment Research raised Tarena International from a sell rating to a hold rating in a research report on Wednesday, January 24th. Finally, Nomura lowered their price objective on Tarena International from $17.50 to $13.50 and set a neutral rating for the company in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Tarena International presently has a consensus rating of Hold and a consensus price target of $16.97.
Tarena International (TEDU) opened at $12.28 on Wednesday. The firm has a market capitalization of $695.76, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 1.50 and a beta of 0.83. Tarena International has a 1 year low of $11.48 and a 1 year high of $21.70.
Several large investors have recently made changes to their positions in the company. BB&T Securities LLC purchased a new stake in shares of Tarena International in the fourth quarter valued at $243,000. Macquarie Group Ltd. grew its position in shares of Tarena International by 31.4% in the fourth quarter. Macquarie Group Ltd. now owns 2,046,575 shares of the business services provider’s stock valued at $27,388,000 after purchasing an additional 489,475 shares during the period. Two Sigma Investments LP grew its position in shares of Tarena International by 119.0% in the fourth quarter. Two Sigma Investments LP now owns 92,953 shares of the business services provider’s stock valued at $1,393,000 after purchasing an additional 50,515 shares during the period. Two Sigma Advisers LP grew its position in shares of Tarena International by 51.5% in the fourth quarter. Two Sigma Advisers LP now owns 174,800 shares of the business services provider’s stock valued at $2,620,000 after purchasing an additional 59,400 shares during the period. Finally, Dalton Investments LLC grew its position in shares of Tarena International by 14.6% in the fourth quarter. Dalton Investments LLC now owns 250,200 shares of the business services provider’s stock valued at $3,750,000 after purchasing an additional 31,800 shares during the period. 37.06% 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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