Shares of Tarena International, Inc. (NASDAQ:TEDU) have been given an average rating of “Hold” by the nine analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $20.10.

A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Tarena International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and set a $21.50 target price on shares of Tarena International in a research report on Tuesday, August 29th. Numis Securities Ltd lowered shares of 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 report on Tuesday, August 22nd. BidaskClub lowered shares of Tarena International from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, Nomura reissued a “neutral” rating on shares of Tarena International in a research report on Tuesday, August 22nd.

WARNING: This news story was originally published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://www.watchlistnews.com/tarena-international-inc-tedu-given-average-rating-of-hold-by-analysts/1673956.html.

Several institutional investors and hedge funds have recently made changes to their positions in TEDU. UBS Group AG raised its position in shares of Tarena International by 137.2% during 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 raised its position in shares of Tarena International by 23.7% during 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. KCG Holdings Inc. acquired a new position in shares of Tarena International during the first quarter valued at about $266,000. Citadel Advisors LLC acquired a new position in shares of Tarena International during the first quarter valued at about $268,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Tarena International during the second quarter valued at about $800,000. 35.88% of the stock is owned by institutional investors and hedge funds.

Tarena International (NASDAQ:TEDU) last released its earnings results on Monday, August 21st. The business services provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.07). The firm had revenue of $66.43 million for the quarter. Tarena International had a return on equity of 15.30% and a net margin of 13.74%.

Tarena International declared that its Board of Directors has approved a share buyback plan on Monday, August 21st that authorizes the company to buyback $30.00 million in shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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)

Receive News & Ratings for Tarena International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tarena International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.