Compass Point Increases DeVry Price Target to $34.00 (DV)
Equities research analysts at Compass Point boosted their price target on shares of DeVry (NYSE:DV) from $28.00 to $34.00 in a research note issued to investors on Friday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating on the stock. Compass Point’s target price points to a potential downside of 8.55% from the stock’s previous close.
Shares of DeVry (NYSE:DV) traded up 2.74% during mid-day trading on Friday, hitting $37.18. The stock had a trading volume of 1,604,686 shares. DeVry has a 1-year low of $18.61 and a 1-year high of $34.51. The stock’s 50-day moving average is $30.26 and its 200-day moving average is $30.48. The company has a market cap of $2.342 billion and a price-to-earnings ratio of 21.96.
DeVry (NYSE:DV) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.01. The company had revenue of $450.90 million for the quarter, compared to the consensus estimate of $449.41 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. Analysts expect that DeVry will post $2.30 EPS for the current fiscal year.
A number of other firms have also recently commented on DV. Analysts at McLean Capital Management upgraded shares of DeVry from a “neutral” rating to a “buy” rating in a research note to investors on Friday. Separately, analysts at Standpoint Research downgraded shares of DeVry from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “neutral” rating on shares of DeVry in a research note to investors on Monday, October 7th. They now have a $32.00 price target on the stock. Thirteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. DeVry presently has an average rating of “Hold” and a consensus target price of $31.20.
In other DeVry news, EVP David J. Pauldine unloaded 11,000 shares of DeVry stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $36.25, for a total transaction of $398,750.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
DeVry Inc (NYSE:DV) is a provider of educational services and the parent organization of Advanced Academics, American University of the Caribbean School of Medicine, Becker Professional Education, Carrington College and Carrington College California, Chamberlain College of Nursing, DeVry Brasil, DeVry University, Ross University School of Medicine and Ross University School of Veterinary Medicine.