Tarena International’s (NASDAQ:TEDU) Buy Rating Reiterated at Jefferies Group LLC
Jefferies Group LLC reaffirmed their buy rating on shares of Tarena International, Inc. (NASDAQ:TEDU) in a research report sent to investors on Thursday. The brokerage currently has a $21.50 price objective on the business services provider’s stock.
TEDU has been the subject of a number of other research reports. Zacks Investment Research raised Tarena International from a sell rating to a hold rating in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) cut Tarena International from a buy rating to a neutral rating and set a $20.00 target price on the stock. in a research report on Tuesday, May 16th. Finally, BidaskClub cut Tarena International from a buy rating to a hold rating in a research report on Tuesday, July 25th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Tarena International currently has a consensus rating of Hold and a consensus price target of $20.63.
Tarena International (NASDAQ:TEDU) traded down 0.181% during midday trading on Thursday, hitting $19.355. 10,382 shares of the stock traded hands. Tarena International has a 12-month low of $19.18 and a 12-month high of $19.39.
Tarena International (NASDAQ:TEDU) last posted its quarterly earnings results on Monday, May 22nd. The business services provider reported ($0.06) EPS for the quarter. The company had revenue of $48.30 million during the quarter. Tarena International had a net margin of 14.79% and a return on equity of 15.89%. Analysts forecast that Tarena International will post $0.97 EPS for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its stake in Tarena International by 70.8% in the first quarter. Alliancebernstein L.P. now owns 2,924,010 shares of the business services provider’s stock valued at $54,621,000 after buying an additional 1,212,463 shares during the period. Schroder Investment Management Group boosted its stake in Tarena International by 52.3% in the first quarter. Schroder Investment Management Group now owns 1,029,065 shares of the business services provider’s stock valued at $19,542,000 after buying an additional 353,405 shares during the period. Renaissance Technologies LLC boosted its stake in Tarena International by 126.2% in the first quarter. Renaissance Technologies LLC now owns 811,300 shares of the business services provider’s stock valued at $15,155,000 after buying an additional 452,600 shares during the period. Tiger Pacific Capital LP purchased a new stake in Tarena International during the first quarter valued at $7,884,000. Finally, Dimensional Fund Advisors LP boosted its stake in Tarena International by 197.2% in the first quarter. Dimensional Fund Advisors LP now owns 261,547 shares of the business services provider’s stock valued at $4,887,000 after buying an additional 173,547 shares during the period. Institutional investors own 35.24% of the company’s stock.
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.
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