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K12 (NYSE:LRN) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, American Banking News.com reports. The firm currently has a $23.20 target price on the stock. Zacks‘ target price would suggest a potential upside of 2.52% from the company’s previous close.

Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of K12 in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. K12 has a consensus rating of “Hold” and a consensus target price of $29.20.

Shares of K12 (NYSE:LRN) traded down 0.49% during mid-day trading on Wednesday, hitting $22.52. The stock had a trading volume of 182,341 shares. K12 has a 52-week low of $17.15 and a 52-week high of $38.14. The stock has a 50-day moving average of $21.84 and a 200-day moving average of $24.74. The company has a market cap of $891.9 million and a price-to-earnings ratio of 188.58.

K12 (NYSE:LRN) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.04. The company had revenue of $223.90 million for the quarter, compared to the consensus estimate of $222.91 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Analysts expect that K12 will post $0.83 EPS for the current fiscal year.

K12 Inc (NYSE:LRN) is a technology-based education company.

To view Zacks’ full report, visit www.zacks.com

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