Robert W. Baird Downgrades K12 to Neutral (LRN)
K12 (NYSE:LRN) was downgraded by equities researchers at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports. They currently have a $25.00 target price on the stock, down from their previous target price of $40.00. Robert W. Baird’s price target would indicate a potential downside of 12.56% from the company’s current price.
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’s 50-day moving average is $33.35 and its 200-day moving average is $29.26. The company has a market cap of $1.044 billion and a P/E ratio of 39.71.
K12 (NYSE:LRN) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 19.2% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets downgraded shares of K12 from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. Separately, 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. K12 presently has an average rating of “Buy” and an average target price of $33.77.
In other K12 news, CEO Ronald J. Packard sold 8,000 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $31.10, for a total value of $248,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
K12 Inc (NYSE:LRN) is a technology-based education company.
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