Capella Education Company (CPLA) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Capella Education Company (NASDAQ:CPLA) from a buy rating to a hold rating in a report published on Tuesday, November 7th.

According to Zacks, “Capella’s third-quarter earnings surpassed the Zacks Consensus Estimate by 7.4%, while revenues missed the same by 1.4%. However, earnings declined 9.9% year over year. Revenues improved 1% from the year-ago level despite declining enrollment. Capella University’s total active enrollment declined 1.3% and new enrollment dropped 2.1% on a year-over-year basis. This apart, Strayer Education and Capella’s merger announcement hogged the limelight. The companies will combine in an all-stock deal of equal transactions, expected to close in the third quarter of 2018. Post completion, Capella’s shareholders will own approximately 48% of the combined company on a fully diluted basis. The merger is expected to ensure student success and positive employment outcomes.”

Other research analysts have also issued research reports about the company. BidaskClub lowered Capella Education from a hold rating to a sell rating in a report on Friday, July 28th. BMO Capital Markets decreased their price objective on Capella Education from $86.00 to $79.45 and set an outperform rating on the stock in a report on Wednesday, July 26th. Barrington Research decreased their price objective on Capella Education from $98.00 to $90.00 and set an outperform rating on the stock in a report on Tuesday, July 25th. Finally, Piper Jaffray Companies reaffirmed a hold rating on shares of Capella Education in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $96.33.

Shares of Capella Education (NASDAQ CPLA) opened at $82.90 on Tuesday. Capella Education has a one year low of $65.15 and a one year high of $99.25. The company has a market cap of $963.63, a P/E ratio of 23.42, a PEG ratio of 2.74 and a beta of 0.39.

Capella Education (NASDAQ:CPLA) last announced its earnings results on Monday, October 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Capella Education had a return on equity of 19.21% and a net margin of 9.60%. The firm had revenue of $107.01 million for the quarter, compared to analyst estimates of $108.10 million. During the same quarter last year, the firm posted $0.81 EPS. The business’s revenue was up 1.0% on a year-over-year basis. research analysts predict that Capella Education will post 3.56 earnings per share for the current year.

Several large investors have recently modified their holdings of CPLA. OppenheimerFunds Inc. increased its position in shares of Capella Education by 39.8% during the 1st quarter. OppenheimerFunds Inc. now owns 4,276 shares of the company’s stock worth $363,000 after purchasing an additional 1,218 shares during the last quarter. FMR LLC increased its position in shares of Capella Education by 1.9% during the 1st quarter. FMR LLC now owns 37,600 shares of the company’s stock worth $3,197,000 after purchasing an additional 700 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Capella Education by 3.2% during the 1st quarter. Teachers Advisors LLC now owns 19,499 shares of the company’s stock worth $1,658,000 after purchasing an additional 607 shares during the last quarter. Legal & General Group Plc increased its position in shares of Capella Education by 1.1% during the 1st quarter. Legal & General Group Plc now owns 20,427 shares of the company’s stock worth $1,737,000 after purchasing an additional 215 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its position in shares of Capella Education by 4.3% during the 1st quarter. Thrivent Financial For Lutherans now owns 6,510 shares of the company’s stock worth $554,000 after purchasing an additional 270 shares during the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

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About Capella Education

Capella Education Company is an education services company. The Company provides direct path between learning and employment through its online postsecondary education offerings and through programs to develop job-ready skills for demand markets. The company’s segments include post-secondary segment and job-ready skills segment.

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