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

Zacks Investment Research upgraded shares of Tarena International (NASDAQ:TEDU) from a sell rating to a hold rating in a research note 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. “

Several other analysts have also commented on the stock. ValuEngine lowered shares of Tarena International from a buy rating to a hold rating in a report on Wednesday, January 2nd. BidaskClub lowered shares of Tarena International from a hold rating to a sell rating in a report on Tuesday, December 25th. TheStreet lowered shares of Tarena International from a c- rating to a d+ rating in a report on Thursday, November 29th. CLSA set a $8.00 target price on shares of Tarena International and gave the company a sell rating in a report on Wednesday, November 21st. Finally, Jefferies Financial Group lowered shares of Tarena International from a hold rating to an underperform rating and set a $5.80 target price for the company. in a report on Wednesday, November 21st. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has a consensus rating of Hold and a consensus target price of $9.10.

Shares of TEDU opened at $6.54 on Thursday. Tarena International has a one year low of $6.00 and a one year high of $14.79. The stock 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 issued its quarterly earnings data on Monday, November 19th. The business services provider reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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. As a group, equities analysts anticipate that Tarena International will post -1.3 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new position in shares of Tarena International during the third quarter valued at approximately $130,000. Dimensional Fund Advisors LP lifted its holdings in shares of Tarena International by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 416,497 shares of the business services provider’s stock valued at $3,153,000 after purchasing an additional 9,218 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of 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. Finally, BlackRock Inc. lifted its holdings in shares of Tarena International by 9.4% during the second quarter. BlackRock Inc. now owns 675,511 shares of the business services provider’s stock valued at $5,113,000 after purchasing an additional 57,887 shares during the last quarter. Hedge funds and other institutional investors own 28.83% of the company’s stock.

Tarena International Company Profile

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.

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