Strayer Education, Inc. (NASDAQ:STRA) Receives Buy Rating from BMO Capital Markets
Strayer Education, Inc. (NASDAQ:STRA)‘s stock had its “buy” rating reiterated by equities researchers at BMO Capital Markets in a research note issued on Thursday. They presently have a $100.00 target price on the health services provider’s stock. BMO Capital Markets’ price objective points to a potential upside of 6.22% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on STRA. First Analysis raised their target price on shares of Strayer Education from $76.00 to $95.00 and gave the stock an “equal weight” rating in a report on Monday, May 15th. Zacks Investment Research cut Strayer Education from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Strayer Education has a consensus rating of “Hold” and an average target price of $82.67.
Shares of Strayer Education (NASDAQ STRA) opened at 93.92 on Thursday. The firm’s 50-day moving average price is $92.00 and its 200 day moving average price is $84.62. The stock has a market capitalization of $999.68 million, a P/E ratio of 31.13 and a beta of 0.92. Strayer Education has a 1-year low of $43.50 and a 1-year high of $95.74.
Strayer Education (NASDAQ:STRA) last issued its earnings results on Wednesday, May 3rd. The health services provider reported $0.95 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.95. Strayer Education had a net margin of 7.41% and a return on equity of 17.27%. The firm had revenue of $114.90 million for the quarter, compared to analysts’ expectations of $116.44 million. During the same quarter last year, the company posted $1.06 earnings per share. Strayer Education’s revenue was up 3.3% on a year-over-year basis. Analysts expect that Strayer Education will post $3.47 EPS for the current fiscal year.
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In related news, CEO Raymond Karl Mcdonnell sold 43,659 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $90.93, for a total transaction of $3,969,912.87. Following the sale, the chief executive officer now owns 193,764 shares of the company’s stock, valued at $17,618,960.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.70% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Strayer Education during the first quarter valued at approximately $173,000. State of Alaska Department of Revenue boosted its stake in shares of Strayer Education by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 2,068 shares of the health services provider’s stock valued at $192,000 after buying an additional 918 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of Strayer Education by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,438 shares of the health services provider’s stock valued at $196,000 after buying an additional 159 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Strayer Education during the first quarter valued at approximately $200,000. Finally, Karp Capital Management Corp purchased a new stake in shares of Strayer Education during the first quarter valued at approximately $239,000. 92.43% of the stock is currently owned by hedge funds and other institutional investors.
Strayer Education Company Profile
Strayer Education, Inc is an education services holding company. The Company provides post-secondary education and other academic programs, through its subsidiaries, Strayer University (the University) and New York Code and Design Academy (NYCDA). As of December 31, 2016, the University offered undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration and criminal justice at 74 physical campuses located in the Mid-Atlantic and Southern regions of the United States, and online.
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