Tarena International, Inc. (NASDAQ:TEDU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday.
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. “
TEDU has been the subject of a number of other research reports. Jefferies Group LLC reissued a “buy” rating on shares of Tarena International in a research report on Wednesday, May 24th. Goldman Sachs Group, Inc. (The) lowered shares of Tarena International from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research report on Tuesday, May 16th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $18.35.
Shares of Tarena International (NASDAQ TEDU) opened at 18.33 on Friday. Tarena International has a 12 month low of $9.76 and a 12 month high of $20.29. The stock’s 50 day moving average price is $18.47 and its 200-day moving average price is $17.05. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 30.60 and a beta of 1.01.
Tarena International (NASDAQ:TEDU) last released its earnings results on Monday, May 22nd. The business services provider reported ($0.06) earnings per share for the quarter. The firm had revenue of $48.30 million for the quarter. Tarena International had a return on equity of 15.89% and a net margin of 14.79%. Equities analysts forecast that Tarena International will post $0.95 earnings per share for the current fiscal year.
The company also recently announced an annual dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, June 9th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, June 7th. Tarena International’s dividend payout ratio is 22.95%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEDU. Macquarie Group Ltd. bought a new position in shares of Tarena International during the fourth quarter worth approximately $1,481,000. Daiwa Securities Group Inc. raised its position in shares of Tarena International by 218.9% in the first quarter. Daiwa Securities Group Inc. now owns 84,200 shares of the business services provider’s stock worth $1,573,000 after buying an additional 57,800 shares in the last quarter. State Street Corp raised its position in shares of Tarena International by 43.2% in the fourth quarter. State Street Corp now owns 121,997 shares of the business services provider’s stock worth $1,827,000 after buying an additional 36,797 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp bought a new position in shares of Tarena International during the first quarter worth approximately $149,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Tarena International during the fourth quarter worth approximately $1,286,000. 35.50% of the stock is owned by hedge funds and other institutional investors.
Tarena International Company Profile
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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