Tarena International (TEDU) PT Lowered to $13.50 at Nomura

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.

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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.

Analyst Recommendations for Tarena International (NASDAQ:TEDU)

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