Is China Distance Education Holdings Limited (NYSE:DL) Now a Sell? Why did Credit Suisse Downgrade The Stock?

May 19, 2017 - By Stephen Andrade

 Is China Distance Education Holdings Limited (NYSE:DL) Now a Sell? Why did Credit Suisse Downgrade The Stock?

China Distance Education Holdings Limited (NYSE:DL) Receives a Downgrade

In an analyst note revealed to clients and investors today, Credit Suisse downgraded shares of China Distance Education Holdings Limited (NYSE:DL) to a “Underperform” rating from the previous “Neutral” rating.

China Distance Education Hldgs Ltd (ADR) (NYSE:DL) Ratings Coverage

Among 3 analysts covering China Distance Education (NYSE:DL), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. China Distance Education has $17 highest and $11.50 lowest target. $14.83’s average target is 52.10% above currents $9.75 stock price. China Distance Education had 8 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was downgraded by Zacks to “Hold” on Wednesday, August 26. Credit Suisse downgraded it to “Underperform” rating and $11.50 target in Thursday, May 26 report. Piper Jaffray maintained it with “Overweight” rating and $16 target in Sunday, August 23 report. The stock of China Distance Education Hldgs Ltd (ADR) (NYSE:DL) earned “Neutral” rating by Credit Suisse on Friday, September 2. The firm has “Sell” rating given on Monday, September 7 by Zacks. The stock has “Neutral” rating by Credit Suisse on Thursday, January 14.

About 36,272 shares traded. China Distance Education Hldgs Ltd (ADR) (NYSE:DL) has risen 6.00% since April 19, 2017 and is uptrending. It has by 0.00% the S&P500.

Analysts await China Distance Education Hldgs Ltd (ADR) (NYSE:DL) to report earnings on May, 23.

Investors sentiment decreased to 1 in 2016 Q4. Its down 0.46, from 1.46 in 2016Q3. It worsened, as 4 investors sold China Distance Education Hldgs Ltd (ADR) shares while 11 reduced holdings. 4 funds opened positions while 11 raised stakes. 6.56 million shares or 4.17% more from 6.30 million shares in 2016Q3 were reported.

Cornerstone Cap Mgmt Holdg Ltd Company reported 22,400 shares or 0% of all its holdings. Gsa Partners Llp has invested 0.01% in China Distance Education Hldgs Ltd (ADR) (NYSE:DL). Wellington Gru Ltd Liability Partnership reported 1.83 million shares or 0.01% of all its holdings. Bank Of America De stated it has 0% of its portfolio in China Distance Education Hldgs Ltd (ADR) (NYSE:DL). Envestnet Asset Management, Illinois-based fund reported 2,654 shares. Cannell Peter B reported 23,279 shares. Kansas-based Creative Planning has invested 0% in China Distance Education Hldgs Ltd (ADR) (NYSE:DL). Ajo L P reported 0.01% stake. Moreover, Deutsche Fincl Bank Ag has 0% invested in China Distance Education Hldgs Ltd (ADR) (NYSE:DL). Morgan Stanley stated it has 0% in China Distance Education Hldgs Ltd (ADR) (NYSE:DL). Aviva Public Limited Com holds 290,188 shares. Jupiter Asset Mngmt Limited owns 818,424 shares or 0.34% of their US portfolio. D E Shaw & reported 46,219 shares or 0% of all its holdings. Manufacturers Life Insur The reported 0% of its portfolio in China Distance Education Hldgs Ltd (ADR) (NYSE:DL). Van Berkom has invested 0.04% in China Distance Education Hldgs Ltd (ADR) (NYSE:DL).

China Distance Education Holdings Limited is a holding company. The company has market cap of $315.99 million. The Firm is engaged in providing online and offline education services, and selling related products in the People’s Republic of China . It has a 10.67 P/E ratio. The Company’s divisions include online education services, business start-up training services and the sale of learning simulation software.

More news for China Distance Education Hldgs Ltd (ADR) (NYSE:DL) were recently published by: Marketwatch.com, which released: “China Distance Education Holdings Ltd. ADR” on October 29, 2010. Wallstreetpr.com‘s article titled: “Why You Should Not Keep A Distance From China Distance Education Hldgs Ltd …” and published on March 06, 2014 is yet another important article.

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