Bridgepoint Education Inc. Hits New 52-Week High at $17.93 (BPI)
Shares of Bridgepoint Education (NYSE:BPI) hit a new 52-week high during trading on Wednesday, AR Network reports. The stock traded as high as $17.93 and last traded at $17.90, with a volume of 148,813 shares trading hands. The stock had previously closed at $17.57.
A number of analysts have recently weighed in on BPI shares. Analysts at First Analysis upgraded shares of Bridgepoint Education (NYSE:BPI) from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, August 7th. They now have a $20.00 price target on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Bridgepoint Education (NYSE:BPI) in a research note to investors on Friday, July 12th. They now have a $16.00 price target on the stock, up previously from $12.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Bridgepoint Education (NYSE:BPI) in a research note to investors on Friday, July 12th. They now have a $13.00 price target on the stock, up previously from $9.00.
Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.83.
In other Bridgepoint Education news, CAO Brandon Pope unloaded 3,384 shares of Bridgepoint Education stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $17.38, for a total value of $58,813.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Bridgepoint Education has a 52-week low of $8.51 and a 52-week high of $17.75. The stock has a 50-day moving average of $16.7 and a 200-day moving average of $13.08. The company has a market cap of $965.1 million and a P/E ratio of 11.42.
Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $197.60 million for the quarter, compared to the consensus estimate of $200.16 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was down 22.9% on a year-over-year basis. Analysts expect that Bridgepoint Education will post $1.05 EPS for the current fiscal year.
Bridgepoint Education, Inc (NYSE:BPI) is a provider of postsecondary education services.
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