Jefferies Financial Group Downgrades Tarena International (TEDU) to Underperform

Tarena International (NASDAQ:TEDU) was downgraded by investment analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a research note issued on Wednesday, Marketbeat.com reports. They presently have a $5.80 price target on the business services provider’s stock. Jefferies Financial Group’s price target suggests a potential downside of 19.67% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research upgraded Tarena International from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. BidaskClub upgraded Tarena International from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Tarena International presently has a consensus rating of “Hold” and a consensus target price of $9.10.

Tarena International stock opened at $7.22 on Wednesday. Tarena International has a one year low of $6.80 and a one year high of $15.45. The stock has a market capitalization of $401.32 million, a price-to-earnings ratio of 15.70 and a beta of 0.74.

Tarena International (NASDAQ:TEDU) last released its quarterly earnings results on Monday, November 19th. The business services provider reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.19). Tarena International had a negative net margin of 16.34% and a negative return on equity of 24.83%. The business had revenue of $102.86 million during the quarter. As a group, equities research analysts predict that Tarena International will post -0.72 EPS for the current year.

Large investors have recently made changes to their positions in the company. Aperio Group LLC purchased a new position in shares of Tarena International in the second quarter worth about $121,000. Bank of Montreal Can purchased a new position in shares of Tarena International in the third quarter worth about $130,000. Summit Global Investments purchased a new position in shares of Tarena International in the second quarter worth about $681,000. Private Advisory Group LLC purchased a new position in shares of Tarena International in the second quarter worth about $1,977,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Tarena International by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 416,497 shares of the business services provider’s stock worth $3,153,000 after purchasing an additional 9,218 shares during the last quarter. Hedge funds and other institutional investors own 30.48% of the company’s stock.

About Tarena International

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.

Further Reading: Systematic Risk and Investors

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