Capella Education’s (CPLA) “Buy” Rating Reiterated at Credit Suisse Group AG
Capella Education Co. (NASDAQ:CPLA)‘s stock had its “buy” rating reaffirmed by stock analysts at Credit Suisse Group AG in a research report issued to clients and investors on Tuesday.
The analysts wrote, “We know that Capella tuition is selectively discounted, though the company does not disclose specifics. Completion rate data applies only to first-time, full-time students. This data is therefore less helpful in evaluating Capella students, who often transfer credits from other schools they may have previously attended. The satisfaction data is not gathered in a scientific or systematic manner and is open to abuse similar to a Yelp review, in our view.””
Several other research firms have also commented on CPLA. Zacks Investment Research lowered Capella Education from a “buy” rating to a “hold” rating in a research note on Thursday, June 16th. Barrington Research upped their price objective on Capella Education from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.80.
Shares of Capella Education (NASDAQ:CPLA) traded down 0.26% during midday trading on Tuesday, reaching $58.33. The company’s stock had a trading volume of 29,218 shares. The company has a market cap of $674.47 million, a PE ratio of 18.09 and a beta of 1.05. Capella Education has a 12 month low of $39.06 and a 12 month high of $63.01. The company’s 50-day moving average price is $59.15 and its 200-day moving average price is $55.05.
Capella Education (NASDAQ:CPLA) last announced its earnings results on Tuesday, July 26th. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by $0.05. The company had revenue of $106.70 million for the quarter, compared to analysts’ expectations of $105.93 million. Capella Education had a net margin of 9.12% and a return on equity of 20.80%. Capella Education’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 earnings per share. On average, equities analysts anticipate that Capella Education will post $3.49 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, August 26th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $1.56 dividend on an annualized basis and a yield of 2.67%. Capella Education’s payout ratio is presently 48.30%.
In other Capella Education news, CFO Steven L. Polacek sold 2,894 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $62.00, for a total value of $179,428.00. Following the completion of the sale, the chief financial officer now owns 43,355 shares in the company, valued at approximately $2,688,010. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Darrell R. Tukua sold 5,000 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $61.23, for a total value of $306,150.00. The disclosure for this sale can be found here. 6.50% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the company. Strs Ohio raised its stake in shares of Capella Education by 2.9% in the second quarter. Strs Ohio now owns 14,400 shares of the company’s stock worth $758,000 after buying an additional 400 shares during the last quarter. HL Financial Services LLC raised its stake in shares of Capella Education by 12.5% in the second quarter. HL Financial Services LLC now owns 28,734 shares of the company’s stock worth $1,513,000 after buying an additional 3,183 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Capella Education by 117.0% in the second quarter. BNP Paribas Arbitrage SA now owns 3,541 shares of the company’s stock worth $186,000 after buying an additional 1,909 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Capella Education by 1.9% in the first quarter. Arizona State Retirement System now owns 5,439 shares of the company’s stock worth $286,000 after buying an additional 100 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of Capella Education by 29.5% in the first quarter. Panagora Asset Management Inc. now owns 91,529 shares of the company’s stock worth $4,818,000 after buying an additional 20,848 shares during the last quarter. Institutional investors and hedge funds own 90.37% of the company’s stock.
Capella Education Company Profile
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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