Capella Education (CPLA) Stock Rating Upgraded by Zacks Investment Research

Capella Education (NASDAQ:CPLA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $89.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.44% from the stock’s previous close.

According to Zacks, “Capella University’s educational programs are specifically designed to meet the educational needs of working adults in targeted professions. Continuous innovation and course updates expand its product portfolio, which in turn boost enrollments and drive long-term growth. Meanwhile, Strayer Education and Capella announced an all-stock merger deal of equal transactions, expected to close in the third quarter of 2018. The merger is expected to ensure student success and positive employment outcomes. However, Capella has been witnessing a negative enrollment trend for its doctoral program. Capella’s shares have also underperformed the industry in the last one year. That said, the company is focused on several initiatives to drive learner success in doctoral programs. Earnings estimates have also been moving upward for 2018 over the last 60 days.”

CPLA has been the topic of a number of other research reports. BMO Capital Markets reissued a “buy” rating and issued a $86.00 price target on shares of Capella Education in a report on Monday, September 18th. Piper Jaffray Companies reissued a “hold” rating on shares of Capella Education in a report on Wednesday, November 1st. Finally, Barrington Research lowered shares of Capella Education from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $94.00.

Shares of Capella Education (NASDAQ:CPLA) traded up $0.10 during mid-day trading on Wednesday, hitting $79.15. 51,400 shares of the company were exchanged, compared to its average volume of 52,833. The stock has a market cap of $918.88, a PE ratio of 22.36, a P/E/G ratio of 2.49 and a beta of 0.38. Capella Education has a 12 month low of $65.15 and a 12 month high of $99.25.

Capella Education (NASDAQ:CPLA) last announced its quarterly earnings results on Monday, October 30th. The company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. The company had revenue of $107.01 million for the quarter, compared to analysts’ expectations of $108.10 million. Capella Education had a net margin of 9.60% and a return on equity of 19.21%. Capella Education’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. equities research analysts forecast that Capella Education will post 3.58 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sit Investment Associates Inc. boosted its position in Capella Education by 220.5% during the 4th quarter. Sit Investment Associates Inc. now owns 19,150 shares of the company’s stock valued at $1,482,000 after buying an additional 13,175 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Capella Education in the 3rd quarter worth about $220,000. Royce & Associates LP lifted its position in shares of Capella Education by 4.4% in the 3rd quarter. Royce & Associates LP now owns 878,655 shares of the company’s stock worth $61,638,000 after purchasing an additional 37,154 shares during the period. OxFORD Asset Management LLP lifted its position in shares of Capella Education by 267.1% in the 3rd quarter. OxFORD Asset Management LLP now owns 12,880 shares of the company’s stock worth $910,000 after purchasing an additional 9,371 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Capella Education by 6.9% in the 3rd quarter. Wells Fargo & Company MN now owns 72,184 shares of the company’s stock worth $5,064,000 after purchasing an additional 4,678 shares during the period. 92.46% of the stock is owned by institutional investors and hedge funds.

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About Capella Education

Capella Education Company is an education services company. The Company provides direct path between learning and employment through its online postsecondary education offerings and through programs to develop job-ready skills for demand markets. The company’s segments include post-secondary segment and job-ready skills segment.

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