Strayer Education Hits New 12-Month High at $60.36 (STRA)
Strayer Education (NASDAQ:STRA) hit a new 52-week high on Monday , AnalystRatingsNetwork reports. The company traded as high as $60.36 and last traded at $60.02, with a volume of 63,062 shares changing hands. The stock had previously closed at $58.88.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Strayer Education from $50.00 to $52.00 in a research note on Friday, August 1st. Separately, analysts at Piper Jaffray upgraded shares of Strayer Education from an “underweight” rating to a “neutral” rating in a research note on Friday, August 1st. They now have a $53.00 price target on the stock, up previously from $47.00. Finally, analysts at BMO Capital Markets upgraded shares of Strayer Education from a “market perform” rating to an “outperform” rating in a research note on Friday, August 1st. They now have a $60.00 price target on the stock, up previously from $55.00. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.40.
The stock has a 50-day moving average of $53.13 and a 200-day moving average of $48.59. The company has a market cap of $635.0 million and a P/E ratio of 49.07.
Strayer Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.27 by $0.02. The company had revenue of $112.70 million for the quarter, compared to the consensus estimate of $114.81 million. During the same quarter last year, the company posted $1.42 earnings per share. Strayer Education’s revenue was down 14.6% compared to the same quarter last year. Analysts expect that Strayer Education will post $3.97 EPS for the current fiscal year.
Strayer Education, Inc provides post-secondary education services. The Company offers a range of academic programs through its wholly owned subsidiary Strayer University, Inc (NASDAQ:STRA), both in classroom courses and online via the Internet.
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