Truist Financial Increases Strategic Education (NASDAQ:STRA) Price Target to $145.00

Strategic Education (NASDAQ:STRA) had its target price boosted by stock analysts at Truist Financial from $125.00 to $145.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the health services provider’s stock. Truist Financial’s price target would indicate a potential upside of 19.78% from the company’s current price.

A number of other equities analysts have also commented on STRA. Barrington Research boosted their price target on shares of Strategic Education from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday. Bank of America upped their target price on shares of Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. BMO Capital Markets upped their target price on shares of Strategic Education from $103.00 to $123.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Finally, TheStreet upgraded shares of Strategic Education from a “c+” rating to a “b” rating in a research report on Thursday, February 29th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $131.75.

Strategic Education Price Performance

NASDAQ:STRA opened at $121.06 on Friday. The firm has a market cap of $2.98 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 1.40 and a beta of 0.50. Strategic Education has a 12 month low of $64.53 and a 12 month high of $121.29. The company has a quick ratio of 1.57, a current ratio of 1.49 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $101.89 and its two-hundred day moving average price is $94.27.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.51. The firm had revenue of $290.25 million for the quarter, compared to analyst estimates of $274.02 million. Strategic Education had a net margin of 8.70% and a return on equity of 6.78%. On average, equities analysts anticipate that Strategic Education will post 4.61 EPS for the current fiscal year.

Insider Activity at Strategic Education

In related news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total value of $1,230,591.80. Following the transaction, the chief executive officer now directly owns 161,359 shares in the company, valued at $15,488,850.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Daniel Wayne Jackson sold 3,713 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total value of $356,262.35. Following the transaction, the chief financial officer now directly owns 71,770 shares in the company, valued at $6,886,331.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the completion of the transaction, the chief executive officer now owns 161,359 shares in the company, valued at $15,488,850.41. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Strategic Education

Several large investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its stake in Strategic Education by 4.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,912 shares of the health services provider’s stock valued at $1,240,000 after purchasing an additional 511 shares in the last quarter. Guidance Capital Inc. bought a new stake in Strategic Education in the first quarter valued at approximately $449,000. Goldman Sachs Group Inc. increased its stake in Strategic Education by 103.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider’s stock valued at $23,406,000 after purchasing an additional 128,961 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in Strategic Education by 2.1% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,137,961 shares of the health services provider’s stock valued at $105,113,000 after purchasing an additional 23,794 shares in the last quarter. Finally, TFO Wealth Partners LLC increased its stake in Strategic Education by 118,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,181 shares of the health services provider’s stock valued at $109,000 after purchasing an additional 1,180 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.