Strayer Education, Inc. (NASDAQ:STRA)‘s stock had its “hold” rating reaffirmed by equities researchers at Piper Jaffray Companies in a research note issued on Tuesday, October 17th. They presently have a $87.00 price target on the health services provider’s stock. Piper Jaffray Companies’ target price suggests a potential downside of 9.85% from the company’s previous close.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research upgraded Strayer Education from a “sell” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub downgraded Strayer Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, BMO Capital Markets restated a “buy” rating and set a $100.00 target price on shares of Strayer Education in a research note on Thursday, July 20th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $99.50.
Strayer Education (NASDAQ:STRA) traded up $2.07 during mid-day trading on Tuesday, reaching $95.98. The company’s stock had a trading volume of 59,151 shares, compared to its average volume of 122,126. The stock has a market cap of $1,004.83, a price-to-earnings ratio of 29.72, a PEG ratio of 2.77 and a beta of 0.90. Strayer Education has a 1-year low of $57.08 and a 1-year high of $100.72.
Strayer Education (NASDAQ:STRA) last announced its quarterly earnings results on Monday, October 30th. The health services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). Strayer Education had a net margin of 8.52% and a return on equity of 17.27%. The company had revenue of $108.50 million during the quarter, compared to analysts’ expectations of $107.54 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. sell-side analysts predict that Strayer Education will post 3.39 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. lifted its position in Strayer Education by 15.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,680 shares of the health services provider’s stock worth $157,000 after acquiring an additional 221 shares during the period. State of Alaska Department of Revenue lifted its position in Strayer Education by 79.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,068 shares of the health services provider’s stock worth $192,000 after acquiring an additional 918 shares during the period. Mason Street Advisors LLC lifted its position in Strayer Education by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 2,438 shares of the health services provider’s stock worth $196,000 after acquiring an additional 159 shares during the period. Stifel Financial Corp acquired a new stake in Strayer Education during the 2nd quarter worth about $202,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Strayer Education during the 3rd quarter worth about $203,000. 97.12% of the stock is owned by institutional investors.
Strayer Education Company Profile
Strayer Education, Inc is an education services holding company. The Company provides post-secondary education and other academic programs, through its subsidiaries, Strayer University (the University) and New York Code and Design Academy (NYCDA). As of December 31, 2016, the University offered undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration and criminal justice at 74 physical campuses located in the Mid-Atlantic and Southern regions of the United States, and online.
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