Stifel Nicolaus Lowers K12 Price Target to $26.00 (LRN)
Stock analysts at Stifel Nicolaus dropped their price objective on shares of K12 (NYSE:LRN) from $39.00 to $26.00 in a report issued on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 41.54% from the company’s current price.
LRN has been the subject of a number of other recent research reports. Analysts at Oppenheimer downgraded shares of K12 from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. Separately, analysts at Bank of America Corp. downgraded shares of K12 to a “neutral” rating in a research note to investors on Wednesday. Finally, analysts at Robert W. Baird downgraded shares of K12 from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $25.00 price target on the stock, down previously from $40.00. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.10.
Shares of K12 (NYSE:LRN) traded up 4.38% on Thursday, hitting $18.37. The stock had a trading volume of 1,923,173 shares. K12 has a 1-year low of $15.83 and a 1-year high of $38.14. The stock has a 50-day moving average of $32.97 and a 200-day moving average of $29.18. The company has a market cap of $670.7 million and a P/E ratio of 24.44.
K12 (NYSE:LRN) last posted its quarterly earnings results 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. On average, analysts predict that K12 will post $0.86 earnings per share for the current fiscal year.
In other K12 news, CEO Ronald J. Packard sold 8,000 shares of K12 stock in a transaction dated 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 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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