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China Distance Education Hldgs (NYSE:DL)‘s stock had its “buy” rating reaffirmed by Brean Capital in a research note issued on Friday, Marketbeat reports. They currently have a $17.00 target price on the stock, up from their prior target price of $14.00. Brean Capital’s price target would suggest a potential upside of 12.58% from the stock’s previous close.

Several other brokerages also recently commented on DL. Zacks downgraded China Distance Education Hldgs from a “hold” rating to a “sell” rating in a research report on Monday, September 7th. Piper Jaffray restated an “overweight” rating and issued a $16.00 target price on shares of China Distance Education Hldgs in a research report on Sunday, August 23rd. Finally, Goldman Sachs started coverage on China Distance Education Hldgs in a research note on Wednesday, October 14th. They issued a “neutral” rating and a $15.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $18.00.

China Distance Education Hldgs (NYSE:DL) remained flat at $15.10 during midday trading on Friday. The stock had a trading volume of 199,286 shares. The stock has a 50 day moving average of $13.99 and a 200-day moving average of $14.67. China Distance Education Hldgs has a 12 month low of $7.85 and a 12 month high of $22.00. The company has a market cap of $538.72 million and a price-to-earnings ratio of 22.08.

China Distance Education Hldgs (NYSE:DL) last announced its quarterly earnings data on Wednesday, November 11th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. During the same period last year, the business posted $0.38 EPS. The firm earned $35.60 million during the quarter, compared to analysts’ expectations of $35.91 million. On average, equities research analysts anticipate that China Distance Education Hldgs will post $0.76 EPS for the current fiscal year.

China Distance Education Holdings Limited (NYSE:DL) is a supplier of online education focusing on professional instruction, helping professionals who aim meet continuing education requirements to keep their licenses to acquire professional permits and improve their practical job skills through its professional development classes. For the year ended September 30, 2013, the Company had class registrations of over 2.7 million. As of September 30, 2013, the Firm had 24 million cumulative registered users.

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