Tarena International Inc (NASDAQ:TEDU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $16.00 target price on the stock. Zacks Investment Research’s target price would suggest a potential upside of 8.77% from the stock’s current price.

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 research firms have also weighed in on TEDU. TheStreet lowered shares of Tarena International from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Jefferies Group restated a “buy” rating and set a $13.40 price objective on shares of Tarena International in a report on Tuesday, August 16th. Finally, Brean Capital restated a “buy” rating and set a $16.00 price objective on shares of Tarena International in a report on Tuesday, May 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $14.23.

Tarena International (NASDAQ:TEDU) opened at 14.71 on Tuesday. Tarena International has a 52-week low of $8.32 and a 52-week high of $15.18. The firm has a market cap of $821.70 million, a price-to-earnings ratio of 27.91 and a beta of 1.41. The firm’s 50-day moving average is $13.01 and its 200-day moving average is $11.26.

Tarena International (NASDAQ:TEDU) last posted its earnings results on Monday, August 15th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The firm earned $55.90 million during the quarter, compared to analyst estimates of $54.66 million. Analysts forecast that Tarena International will post $0.77 EPS for the current fiscal year.

Several large investors have recently modified their holdings of TEDU. Walleye Trading LLC raised its stake in shares of Tarena International by 112.0% in the second quarter. Walleye Trading LLC now owns 10,600 shares of the company’s stock worth $109,000 after buying an additional 5,600 shares during the last quarter. BlackRock Group LTD raised its stake in shares of Tarena International by 15.3% in the first quarter. BlackRock Group LTD now owns 11,065 shares of the company’s stock worth $120,000 after buying an additional 1,467 shares during the last quarter. Smith Asset Management Group LP bought a new stake in shares of Tarena International during the second quarter worth approximately $117,000. BlackRock Inc. raised its stake in shares of Tarena International by 289.1% in the first quarter. BlackRock Inc. now owns 12,086 shares of the company’s stock worth $131,000 after buying an additional 8,980 shares during the last quarter. Finally, Geode Capital Management LLC bought a new stake in shares of Tarena International during the first quarter worth approximately $134,000.

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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