Tarena International (TEDU) Lifted to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Tarena International (NASDAQ:TEDU) from a sell rating to a hold rating in a research report report published on Thursday.

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. “

Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Tarena International from a strong-buy rating to a buy rating in a research report on Sunday, December 23rd. TheStreet downgraded shares of Tarena International from a c- rating to a d+ rating in a research report on Thursday, November 29th. BidaskClub raised shares of Tarena International from a sell rating to a hold rating in a research report on Tuesday, December 18th. CLSA set a $8.00 price target on shares of Tarena International and gave the stock a sell rating in a research note on Wednesday, November 21st. Finally, Jefferies Financial Group cut shares of Tarena International from a hold rating to an underperform rating and set a $5.80 price target on the stock. in a research note on Wednesday, November 21st. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has a consensus rating of Hold and an average price target of $9.10.

NASDAQ:TEDU opened at $6.54 on Thursday. Tarena International has a 12 month low of $6.00 and a 12 month high of $14.79. The company has a market capitalization of $353.78 million, a price-to-earnings ratio of 14.22 and a beta of 0.75.

Tarena International (NASDAQ:TEDU) last posted its earnings results on Monday, November 19th. The business services provider reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.19). Tarena International had a negative return on equity of 26.69% and a negative net margin of 16.34%. The company had revenue of $102.86 million during the quarter. On average, equities analysts expect that Tarena International will post -1.3 earnings per share for the current year.

Several institutional investors have recently modified their holdings of TEDU. Dimensional Fund Advisors LP boosted its position in Tarena International by 4.2% during the third quarter. Dimensional Fund Advisors LP now owns 433,886 shares of the business services provider’s stock valued at $3,523,000 after purchasing an additional 17,389 shares during the last quarter. BlackRock Inc. boosted its position in Tarena International by 5.0% during the third quarter. BlackRock Inc. now owns 709,415 shares of the business services provider’s stock valued at $5,760,000 after purchasing an additional 33,904 shares during the last quarter. Bank of Montreal Can acquired a new position in Tarena International during the third quarter valued at approximately $130,000. Finally, Renaissance Technologies LLC boosted its position in Tarena International by 46.6% during the second quarter. Renaissance Technologies LLC now owns 573,400 shares of the business services provider’s stock valued at $4,341,000 after purchasing an additional 182,395 shares during the last quarter. Institutional investors and hedge funds own 28.83% of the company’s stock.

About Tarena International

Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes in the People's Republic of China. It offers education courses in 13 information technology (IT) subjects, such as Java, .NET, C++, software testing, embedded, PHP, Android, iOS, Linux and network engineering, Big Data, Web front-end development, VR/AR, and Python; and 3 non-IT subjects, including digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules.

See Also: Liquidity

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