DeVry Education Group Inc. (NYSE:DV) Given Average Rating of “Hold” by Brokerages
Shares of DeVry Education Group Inc. (NYSE:DV) have been assigned an average rating of “Hold” from the ten ratings firms that are covering the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $23.71.
Several brokerages have recently weighed in on DV. Credit Suisse Group AG set a $24.00 target price on shares of DeVry Education Group and gave the stock a “hold” rating in a research note on Monday, September 12th. Zacks Investment Research downgraded shares of DeVry Education Group from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Barrington Research upgraded shares of DeVry Education Group from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Wednesday, September 14th. Bank of America Corp. reiterated a “sell” rating and set a $16.00 target price on shares of DeVry Education Group in a research note on Friday, June 10th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and set a $35.00 target price on shares of DeVry Education Group in a research note on Sunday, August 21st.
In other news, Director Ronald L. Taylor sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $25.51, for a total transaction of $35,714.00. Following the completion of the transaction, the director now directly owns 739,799 shares of the company’s stock, valued at approximately $18,872,272.49. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Value Advisers International sold 2,872 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $24.67, for a total transaction of $70,852.24. The disclosure for this sale can be found here. Insiders own 4.23% of the company’s stock.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Farley Capital II L.P. boosted its position in shares of DeVry Education Group by 23.6% in the first quarter. Farley Capital II L.P. now owns 1,634,758 shares of the company’s stock worth $28,232,000 after buying an additional 312,319 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of DeVry Education Group during the first quarter worth $385,000. State Street Corp boosted its position in shares of DeVry Education Group by 2.3% in the first quarter. State Street Corp now owns 1,976,392 shares of the company’s stock worth $34,131,000 after buying an additional 44,650 shares during the period. Burgundy Asset Management Ltd. boosted its position in shares of DeVry Education Group by 11.4% in the first quarter. Burgundy Asset Management Ltd. now owns 2,472,314 shares of the company’s stock worth $42,697,000 after buying an additional 252,955 shares during the period. Finally, Royce & Associates LP boosted its position in shares of DeVry Education Group by 711.2% in the first quarter. Royce & Associates LP now owns 876,554 shares of the company’s stock worth $15,138,000 after buying an additional 768,500 shares during the period.
DeVry Education Group (NYSE:DV) traded down 0.60% during midday trading on Friday, reaching $23.19. The company’s stock had a trading volume of 100,312 shares. The firm’s market capitalization is $1.45 billion. DeVry Education Group has a 52 week low of $15.36 and a 52 week high of $29.88. The company’s 50-day moving average is $23.07 and its 200 day moving average is $19.97.
DeVry Education Group (NYSE:DV) last issued its quarterly earnings data on Thursday, August 18th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. The company had revenue of $471.70 million for the quarter, compared to analyst estimates of $461.90 million. DeVry Education Group had a positive return on equity of 10.31% and a negative net margin of 0.17%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. Analysts expect that DeVry Education Group will post $2.53 earnings per share for the current fiscal year.
DeVry Education Group Company Profile
DeVry Education Group Inc (DeVry Group) is a provider of educational services. DeVry Group’s institutions offer an array of programs in business, healthcare and technology, and serve students in postsecondary education as well as accounting and finance professionals. DeVry Group operates through three segments: Business, Technology and Management, Medical and Healthcare, and International and Professional Education.
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