Tarena International, Inc. (TEDU) Receives $20.10 Average Price Target from Analysts
Tarena International, Inc. (NASDAQ:TEDU) has received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $20.10.
Several equities analysts have recently issued reports on TEDU shares. Zacks Investment Research raised Tarena International from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Saturday, May 27th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Tarena International in a research note on Wednesday, May 24th. BidaskClub lowered Tarena International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Numis Securities Ltd lowered Tarena International from a “buy” rating to a “neutral” rating and cut their price target for the company from $20.50 to $19.50 in a research note on Tuesday, August 22nd. Finally, Nomura reaffirmed a “neutral” rating on shares of Tarena International in a research note on Tuesday, August 22nd.
Shares of Tarena International (NASDAQ TEDU) traded down 0.21% during midday trading on Wednesday, reaching $14.42. 167,177 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $16.25 and its 200 day moving average price is $17.94. Tarena International has a 52-week low of $12.52 and a 52-week high of $21.70. The firm has a market capitalization of $812.22 million, a P/E ratio of 23.41 and a beta of 1.08.
Tarena International (NASDAQ:TEDU) last issued its quarterly earnings results on Monday, August 21st. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $66.43 million for the quarter. On average, equities research analysts anticipate that Tarena International will post $0.82 EPS for the current fiscal year.
Tarena International declared that its board has authorized a stock repurchase plan on Monday, August 21st that authorizes the company to repurchase $30.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
Large investors have recently added to or reduced their stakes in the business. Westpac Banking Corp acquired a new position in Tarena International in the first quarter valued at about $235,000. UBS Group AG lifted its stake in Tarena International by 137.2% in the first quarter. UBS Group AG now owns 6,553 shares of the business services provider’s stock valued at $122,000 after buying an additional 3,790 shares during the period. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in Tarena International in the first quarter valued at about $149,000. Dupont Capital Management Corp lifted its stake in Tarena International by 23.7% in the second quarter. Dupont Capital Management Corp now owns 9,897 shares of the business services provider’s stock valued at $177,000 after buying an additional 1,897 shares during the period. Finally, KCG Holdings Inc. acquired a new position in Tarena International in the first quarter valued at about $266,000. 36.63% of the stock is currently owned by hedge funds and other institutional investors.
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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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