Capella Education Co. (CPLA) Stock Rating Reaffirmed by Credit Suisse Group AG
Capella Education Co. (NASDAQ:CPLA)‘s stock had its “buy” rating restated by equities researchers at Credit Suisse Group AG in a research report issued on Monday. They presently have a $70.00 price objective on the stock. Credit Suisse Group AG’s price objective points to a potential upside of 21.42% from the company’s current price.
The analysts wrote, “We do not have data on CAH’s Lymphoseek sales, which are an immaterial part of its $130 billion in forecast FY17 revenues. However, the news highlights the company’s ability to deploy capital in what we see as NPV positive ways to boost shareholder returns and economic profit generation. CAH’s FY17 EPS guidance issued only six weeks ago with more conservative assumptions on drug price inflation year over year is more dependent on its ability to execute on a range of strategies like the Lymphoseek deal not tied to drug price inflation.””
Several other brokerages also recently commented on CPLA. Barrington Research boosted their target price on Capella Education from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Zacks Investment Research raised Capella Education from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Capella Education currently has a consensus rating of “Buy” and a consensus price target of $59.20.
Capella Education (NASDAQ:CPLA) opened at 57.65 on Monday. The firm has a market capitalization of $666.61 million, a PE ratio of 17.88 and a beta of 1.10. Capella Education has a one year low of $39.06 and a one year high of $63.01. The company has a 50 day moving average price of $59.51 and a 200-day moving average price of $54.59.
Capella Education (NASDAQ:CPLA) last announced its earnings results on Tuesday, July 26th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by $0.05. The business earned $106.70 million during the quarter, compared to analyst estimates of $105.93 million. Capella Education had a return on equity of 20.80% and a net margin of 9.12%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 earnings per share. On average, equities analysts predict that Capella Education will post $3.49 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, August 26th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.71%. The ex-dividend date is Wednesday, August 24th. Capella Education’s dividend payout ratio is 48.30%.
In other Capella Education news, Director Darrell R. Tukua sold 5,000 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $61.23, for a total transaction of $306,150.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO J Kevin Gilligan sold 16,892 shares of the company’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $59.23, for a total value of $1,000,513.16. Following the transaction, the chief executive officer now directly owns 69,705 shares in the company, valued at approximately $4,128,627.15. The disclosure for this sale can be found here. Company insiders own 6.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. increased its position in Capella Education by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 296,247 shares of the company’s stock worth $15,594,000 after buying an additional 4,513 shares during the period. Acadian Asset Management LLC increased its position in Capella Education by 1,464.3% in the first quarter. Acadian Asset Management LLC now owns 55,455 shares of the company’s stock worth $2,919,000 after buying an additional 51,910 shares during the period. State Street Corp increased its position in Capella Education by 0.7% in the first quarter. State Street Corp now owns 241,913 shares of the company’s stock worth $12,735,000 after buying an additional 1,755 shares during the period. Legal & General Group Plc increased its position in Capella Education by 32.8% in the first quarter. Legal & General Group Plc now owns 2,686 shares of the company’s stock worth $141,000 after buying an additional 664 shares during the period. Finally, Glenmede Trust Co. NA increased its position in Capella Education by 0.5% in the first quarter. Glenmede Trust Co. NA now owns 5,664 shares of the company’s stock worth $296,000 after buying an additional 26 shares during the period. 90.37% of the stock is currently owned by hedge funds and other institutional investors.
About Capella Education
Capella Education Company is an online postsecondary education services company. The Company’s academic programs are delivered through its subsidiary, Capella University (the University), which is an online academic institution offering online postsecondary education services primarily to working adults.
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