K12 Downgraded by BMO Capital Markets to “Market Perform” (LRN)
K12 (NYSE:LRN) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
In other K12 news, CEO Ronald J. Packard sold 8,000 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $31.10, for a total transaction of $248,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on LRN. Analysts at Stifel Nicolaus raised their price target on shares of K12 from $33.00 to $39.00 in a research note to investors on Friday, August 30th. They now have a “buy” rating on the stock. Separately, analysts at Barrington Research raised their price target on shares of K12 to $40.00 in a research note to investors on Friday, August 30th. They now have an “outperform” rating on the stock. Finally, analysts at Standpoint Research raised their price target on shares of K12 from $33.00 to $39.00 in a research note to investors on Friday, August 30th. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. K12 has a consensus rating of “Buy” and an average price target of $33.77.
K12 (NYSE:LRN) opened at 28.59 on Wednesday. K12 has a 52 week low of $15.83 and a 52 week high of $38.14. The stock has a 50-day moving average of $33.35 and a 200-day moving average of $29.26. The company has a market cap of $1.044 billion and a P/E ratio of 39.71.
K12 (NYSE:LRN) last released its earnings data on Thursday, August 29th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.03. The company had revenue of $203.10 million for the quarter, compared to the consensus estimate of $200.96 million. During the same quarter last year, the company posted $0.05 earnings per share. K12′s revenue was up 19.2% compared to the same quarter last year.
K12 Inc (NYSE:LRN) is a technology-based education company.
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