China Distance Education (NYSE:DL) Lifted to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of China Distance Education (NYSE:DL) from a hold rating to a buy rating in a report published on Wednesday, Zacks.com reports. Zacks Investment Research currently has $5.00 target price on the technology company’s stock.

According to Zacks, “CHINA DISTANCE EDUCATION HOLDINGS LIMITED is a leading provider of online education in China focusing on professional education. The courses offered by the Company through its websites are designed to help professionals and other course participants obtain and maintain the skills, licenses and certifications necessary to pursue careers in China in the areas of accounting, law, healthcare, construction engineering, information technology and other industries. “

Separately, TheStreet downgraded China Distance Education from a c rating to a d+ rating in a report on Wednesday, June 26th.

Shares of NYSE:DL opened at $4.15 on Wednesday. The stock’s 50-day moving average price is $5.02 and its two-hundred day moving average price is $6.17. China Distance Education has a 12-month low of $3.89 and a 12-month high of $9.79. The firm has a market cap of $141.50 million, a price-to-earnings ratio of 7.08, a PEG ratio of 0.46 and a beta of 1.06.

China Distance Education (NYSE:DL) last released its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.05). The firm had revenue of $61.75 million during the quarter, compared to analysts’ expectations of $63.74 million. China Distance Education had a return on equity of 15.80% and a net margin of 8.72%. On average, equities analysts predict that China Distance Education will post 0.62 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of DL. Wells Fargo & Company MN increased its holdings in China Distance Education by 12.4% during the 2nd quarter. Wells Fargo & Company MN now owns 1,879,104 shares of the technology company’s stock worth $9,771,000 after purchasing an additional 207,180 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in China Distance Education by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 69,900 shares of the technology company’s stock worth $469,000 after purchasing an additional 5,504 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in China Distance Education by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 319,500 shares of the technology company’s stock worth $1,661,000 after purchasing an additional 3,600 shares during the last quarter. Institutional investors own 21.14% of the company’s stock.

China Distance Education Company Profile

China Distance Education Holdings Ltd. engages in the provision of online education in China, which focuses on professional education. The company offers online courses through its websites, which are designed to help course participants obtain and maintain the skills, licenses and certifications necessary to pursue careers and professions in China.

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