Tarena International, Inc. (NASDAQ:TEDU) has been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $20.10.

A number of research analysts have issued reports on the stock. Instinet lowered shares of Tarena International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $22.50 to $19.50 in a research note on Tuesday, August 22nd. Zacks Investment Research raised shares of Tarena International from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Saturday, June 3rd. BidaskClub lowered shares of Tarena International from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Numis Securities Ltd lowered shares of Tarena International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $20.50 to $19.50 in a research note on Tuesday, August 22nd. Finally, Jefferies Group LLC reissued a “buy” rating and set a $21.50 target price on shares of Tarena International in a research note on Tuesday, August 29th.

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Shares of Tarena International (NASDAQ TEDU) traded up 1.91% during midday trading on Wednesday, hitting $14.41. 519,221 shares of the stock traded hands. Tarena International has a one year low of $14.03 and a one year high of $14.56.

Tarena International (NASDAQ:TEDU) last posted its quarterly earnings results on Monday, August 21st. The business services provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.07). Tarena International had a net margin of 13.74% and a return on equity of 15.30%. The business had revenue of $66.43 million during the quarter. On average, equities research analysts expect that Tarena International will post $0.83 earnings per share for the current fiscal year.

Tarena International announced that its Board of Directors has authorized a share repurchase program on Monday, August 21st that authorizes the company to repurchase $30.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Several large investors have recently modified their holdings of TEDU. DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in shares of Tarena International in the 1st quarter worth approximately $149,000. Pictet Asset Management Ltd. acquired a new stake in shares of Tarena International in the 1st quarter worth approximately $1,515,000. Nordea Investment Management AB lifted its stake in shares of Tarena International by 15.9% in the 1st quarter. Nordea Investment Management AB now owns 103,033 shares of the business services provider’s stock worth $1,925,000 after acquiring an additional 14,125 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Tarena International by 1,396.3% in the 1st quarter. Victory Capital Management Inc. now owns 252,556 shares of the business services provider’s stock worth $4,718,000 after acquiring an additional 235,677 shares during the period. Finally, Schroder Investment Management Group lifted its stake in shares of Tarena International by 52.3% in the 1st quarter. Schroder Investment Management Group now owns 1,029,065 shares of the business services provider’s stock worth $19,542,000 after acquiring an additional 353,405 shares during the period. 36.63% of the stock is owned by institutional investors.

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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