Tarena International Inc (TEDU) Sets New 12-Month High at $13.19
Shares of Tarena International Inc (NASDAQ:TEDU) hit a new 52-week high on Wednesday . The stock traded as high as $13.19 and last traded at $13.12, with a volume of 552,500 shares trading hands. The stock had previously closed at $11.79.
Several analysts have weighed in on TEDU shares. Jefferies Group reiterated a “buy” rating and issued a $13.40 price objective on shares of Tarena International in a research report on Tuesday. Brean Capital reiterated a “buy” rating and issued a $16.00 price objective on shares of Tarena International in a research report on Tuesday, May 24th. Zacks Investment Research downgraded Tarena International from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. Finally, TheStreet upgraded Tarena International from a “hold” rating to a “buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $13.63.
The company’s 50-day moving average price is $11.08 and its 200 day moving average price is $10.53. The firm has a market capitalization of $730.21 million and a P/E ratio of 24.86.
Tarena International (NASDAQ:TEDU) last released its earnings results on Monday, August 15th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. The business had revenue of $55.90 million for the quarter, compared to analysts’ expectations of $54.66 million. Analysts expect that Tarena International Inc will post $0.75 EPS for the current year.
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.