Tarena International (NASDAQ:TEDU) had its price objective cut by Nomura from $17.50 to $13.50 in a research note issued to investors on Tuesday. They currently have a neutral rating on the business services provider’s stock.
A number of other equities analysts also recently weighed in on TEDU. BidaskClub downgraded shares of Tarena International from a buy rating to a hold rating in a report on Wednesday, January 10th. Zacks Investment Research downgraded shares of Tarena International from a hold rating to a sell rating in a report on Tuesday, November 28th. Finally, Jefferies Group downgraded shares of Tarena International from a buy rating to a hold rating in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $18.80.
Tarena International (NASDAQ TEDU) opened at $12.38 on Tuesday. The firm has a market cap of $660.07, a price-to-earnings ratio of 23.81, a P/E/G ratio of 1.42 and a beta of 0.75. Tarena International has a fifty-two week low of $11.48 and a fifty-two week high of $21.70.
Tarena International (NASDAQ:TEDU) last issued its earnings results on Monday, November 20th. The business services provider reported $0.24 earnings per share for the quarter. The business had revenue of $85.17 million for the quarter. Tarena International had a net margin of 11.77% and a return on equity of 13.44%. equities research analysts forecast that Tarena International will post 0.5 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. BB&T Securities LLC acquired a new position in shares of Tarena International in the fourth quarter valued at $243,000. Geode Capital Management LLC increased its holdings in shares of Tarena International by 82.7% in the fourth quarter. Geode Capital Management LLC now owns 27,518 shares of the business services provider’s stock valued at $412,000 after purchasing an additional 12,458 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Tarena International by 10.8% in the fourth quarter. Bank of Montreal Can now owns 38,694 shares of the business services provider’s stock valued at $580,000 after purchasing an additional 3,773 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Tarena International in the second quarter valued at $800,000. Finally, Two Sigma Investments LP increased its holdings in shares of Tarena International by 119.0% in the fourth quarter. Two Sigma Investments LP now owns 92,953 shares of the business services provider’s stock valued at $1,393,000 after purchasing an additional 50,515 shares during the last quarter. Hedge funds and other institutional investors own 34.45% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This story was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://ledgergazette.com/2018/02/16/tarena-international-tedu-pt-lowered-to-13-50-at-nomura.html.
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.
Receive News & Ratings for Tarena International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tarena International and related companies with MarketBeat.com's FREE daily email newsletter.