DeVry Education Group Inc. (DV) Stock Rating Upgraded by Zacks Investment Research
DeVry Education Group Inc. (NYSE:DV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The firm presently has a $25.00 price objective on the stock. Zacks Investment Research’s price target suggests a potential upside of 11.31% from the stock’s current price.
According to Zacks, “DeVry is following a strict cost control routine with special emphasis on controlling the escalating costs at DeVry University and Carrington Colleges. It aims to expand through acquisitions as part of its long-term growth strategies. Among its three reporting segments, two units — health care and international institutions — have shown significant improvement in revenues and profitability throughout fiscal 2013, fiscal 2014 and fiscal 2015. The trend continued in fiscal 2016 as well. Particularly, healthcare institutions, Chamberlain and Ross, gained on strong demand for jobs in the field of healthcare across the U.S. That said, the company has been witnessing a persistent decline in enrollments at its flagship institution, DeVry University, which accounts for a major portion of its revenues.”
Several other equities analysts have also issued reports on DV. Credit Suisse Group AG set a $24.00 target price on shares of DeVry Education Group and gave the company a “hold” rating in a report on Sunday, October 2nd. Barrington Research raised shares of DeVry Education Group from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Wednesday, September 14th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and set a $35.00 price target on shares of DeVry Education Group in a research report on Sunday, August 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.88.
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DeVry Education Group (NYSE:DV) traded down 0.53% during trading on Monday, reaching $22.34. The company had a trading volume of 80,740 shares. DeVry Education Group has a 12-month low of $15.36 and a 12-month high of $29.60. The firm’s market capitalization is $1.39 billion. The firm’s 50 day moving average price is $22.91 and its 200 day moving average price is $20.15.
DeVry Education Group (NYSE:DV) last released its earnings results on Thursday, August 18th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.05. DeVry Education Group had a negative net margin of 0.17% and a positive return on equity of 10.31%. The firm earned $471.70 million during the quarter, compared to analyst estimates of $461.90 million. During the same period last year, the business earned $0.57 earnings per share. The business’s revenue was down .3% on a year-over-year basis. Equities research analysts forecast that DeVry Education Group will post $2.53 EPS for the current year.
In other DeVry Education Group news, insider Lisa W. Wardell purchased 8,000 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were acquired at an average price of $25.55 per share, for a total transaction of $204,400.00. Following the purchase, the insider now directly owns 75,036 shares of the company’s stock, valued at approximately $1,917,169.80. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ronald L. Taylor sold 44,100 shares of DeVry Education Group stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $22.82, for a total transaction of $1,006,362.00. Following the transaction, the insider now owns 742,649 shares in the company, valued at approximately $16,947,250.18. The disclosure for this sale can be found here. 5.61% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC boosted its position in DeVry Education Group by 60,339.0% in the second quarter. Acadian Asset Management LLC now owns 206,097 shares of the company’s stock worth $3,675,000 after buying an additional 205,756 shares during the period. Pecaut & CO. purchased a new position in DeVry Education Group during the second quarter worth $2,740,000. BNP Paribas Arbitrage SA boosted its position in DeVry Education Group by 1,064.6% in the second quarter. BNP Paribas Arbitrage SA now owns 36,241 shares of the company’s stock worth $647,000 after buying an additional 33,129 shares during the period. Royal Bank of Canada boosted its position in DeVry Education Group by 113.6% in the first quarter. Royal Bank of Canada now owns 23,305 shares of the company’s stock worth $403,000 after buying an additional 12,395 shares during the period. Finally, Amici Capital LLC purchased a new position in DeVry Education Group during the first quarter worth $950,000.
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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