Barclays Reiterates “Equal Weight” Rating for DeVry Education Group (DV)
DeVry Education Group (NYSE:DV)‘s stock had its “equal weight” rating reiterated by research analysts at Barclays in a report released on Friday. They currently have a $48.00 target price on the stock, down from their previous target price of $50.00. Barclays’ price target suggests a potential upside of 11.01% from the stock’s previous close.
DeVry Education Group (NYSE:DV) traded up 0.32% during mid-day trading on Friday, hitting $43.38. 154,103 shares of the company’s stock traded hands. DeVry Education Group has a 1-year low of $28.45 and a 1-year high of $47.73. The stock’s 50-day moving average is $41.85 and its 200-day moving average is $41.44. The company has a market cap of $2.760 billion and a P/E ratio of 20.89.
DeVry Education Group (NYSE:DV) last announced its earnings results on Thursday, August 7th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.06. The company had revenue of $485.10 million for the quarter, compared to the consensus estimate of $487.50 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts expect that DeVry Education Group will post $2.80 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of DeVry Education Group in a research note on Friday, August 8th. They now have a $43.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of DeVry Education Group from $48.00 to $49.00 in a research note on Friday, August 8th. Finally, analysts at Compass Point cut their price target on shares of DeVry Education Group from $44.00 to $40.00 in a research note on Friday, August 8th. They now have a “neutral” rating on the stock. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $43.88.
DeVry Education Group Inc , formerly DeVry Inc, 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.