Tarena International (TEDU) Lowered to Neutral at Credit Suisse Group


Credit Suisse Group cut shares of Tarena International (NASDAQ:TEDU) from an outperform rating to a neutral rating in a report published on Thursday morning, Marketbeat reports.

A number of other equities analysts have also recently weighed in on TEDU. CLSA cut shares of Tarena International from a buy rating to an underperform rating in a research report on Tuesday. ValuEngine cut shares of Tarena International from a hold rating to a sell rating in a research report on Saturday, June 2nd. TheStreet cut shares of Tarena International from a b- rating to a c+ rating in a research report on Wednesday, April 11th. Zacks Investment Research raised shares of Tarena International from a sell rating to a hold rating in a research report on Wednesday, May 9th. Finally, Jefferies Group reissued a hold rating and set a $12.35 price target on shares of Tarena International in a research report on Wednesday, March 7th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company has a consensus rating of Hold and an average target price of $16.21.


Get Tarena International alerts:

Shares of NASDAQ TEDU traded up $0.12 during midday trading on Thursday, reaching $7.53. 4,400 shares of the stock were exchanged, compared to its average volume of 266,787. The stock has a market cap of $418.80 million, a price-to-earnings ratio of 16.11, a P/E/G ratio of 0.74 and a beta of 0.89. Tarena International has a 12 month low of $7.11 and a 12 month high of $21.70.

Tarena International (NASDAQ:TEDU) last announced its quarterly earnings results on Monday, March 5th. The business services provider reported $0.19 earnings per share for the quarter. The company had revenue of $93.28 million for the quarter. Tarena International had a net margin of 0.96% and a return on equity of 1.25%. analysts forecast that Tarena International will post 0.48 EPS for the current fiscal year.


Several large investors have recently modified their holdings of TEDU. Bank of Montreal Can raised its holdings in shares of Tarena International by 10.8% during the fourth quarter. Bank of Montreal Can now owns 38,694 shares of the business services provider’s stock worth $580,000 after acquiring an additional 3,773 shares during the period. Schroder Investment Management Group raised its holdings in shares of Tarena International by 24.7% during the fourth quarter. Schroder Investment Management Group now owns 1,723,695 shares of the business services provider’s stock worth $25,838,000 after acquiring an additional 341,787 shares during the period. BlackRock Inc. raised its holdings in shares of Tarena International by 4.9% during the fourth quarter. BlackRock Inc. now owns 561,606 shares of the business services provider’s stock worth $8,419,000 after acquiring an additional 26,016 shares during the period. Matthews International Capital Management LLC raised its holdings in shares of Tarena International by 3.6% during the fourth quarter. Matthews International Capital Management LLC now owns 264,200 shares of the business services provider’s stock worth $3,960,000 after acquiring an additional 9,300 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Tarena International by 82.7% during the fourth quarter. Geode Capital Management LLC now owns 27,518 shares of the business services provider’s stock worth $412,000 after acquiring an additional 12,458 shares during the period. Institutional investors and hedge funds own 33.57% of the company’s stock.


Tarena International Company Profile

Tarena International, Inc, through its subsidiaries, provides professional education services through part-time and full-time classes in the People's Republic of China. It offers education courses in 12 information technology (IT) subjects, such as Java, .NET, C++, software testing, PHP, embedded, Android, iOS, Big Data, Web front-end development, Linux and network engineering, and VR/AR; and 3 non-IT subjects comprising digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules.

Analyst Recommendations for Tarena International (NASDAQ:TEDU)

Leave a Reply

Your email address will not be published. Required fields are marked *