BidaskClub Upgrades Tarena International (TEDU) to “Buy”
Tarena International (NASDAQ:TEDU) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
A number of other research firms also recently commented on TEDU. Zacks Investment Research downgraded Tarena International from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Jefferies Group reaffirmed a “buy” rating and issued a $21.50 price target on shares of Tarena International in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.13.
Shares of Tarena International (NASDAQ TEDU) opened at $14.36 on Friday. Tarena International has a twelve month low of $12.52 and a twelve month high of $21.70. The firm has a market capitalization of $814.17, a price-to-earnings ratio of 27.62, a PEG ratio of 2.21 and a beta of 0.98.
A number of institutional investors have recently added to or reduced their stakes in the business. Davis Selected Advisers grew its position in Tarena International by 209.9% in the third quarter. Davis Selected Advisers now owns 2,458,979 shares of the business services provider’s stock valued at $35,778,000 after acquiring an additional 1,665,477 shares during the last quarter. Greenwoods Asset Management Ltd grew its holdings in shares of Tarena International by 35.5% during the third quarter. Greenwoods Asset Management Ltd now owns 1,072,375 shares of the business services provider’s stock worth $15,603,000 after purchasing an additional 280,718 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Tarena International by 15.5% during the third quarter. Schroder Investment Management Group now owns 1,381,908 shares of the business services provider’s stock worth $20,011,000 after purchasing an additional 185,518 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Tarena International by 17.1% during the third quarter. Nordea Investment Management AB now owns 152,105 shares of the business services provider’s stock worth $2,213,000 after purchasing an additional 22,242 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Tarena International by 391.5% during the third quarter. Bank of New York Mellon Corp now owns 219,507 shares of the business services provider’s stock worth $3,193,000 after purchasing an additional 174,842 shares during the last quarter. Hedge funds and other institutional investors own 34.26% of the company’s stock.
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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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