DeVry Education Group Inc. (DV) Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of DeVry Education Group Inc. (NYSE:DV) from a hold rating to a buy rating in a research report released on Monday morning. Zacks Investment Research currently has $25.00 target price on the stock.
According to Zacks, “DeVry is following a strict cost control routine with special emphasis on controlling the escalating costs at DeVry University and Carrington Colleges. It aims to expand through acquisitions as part of its long-term growth strategies. Among its three reporting segments, two units — health care and international institutions — have shown significant improvement in revenues and profitability throughout fiscal 2013, fiscal 2014 and fiscal 2015. The trend continued in fiscal 2016 as well. Particularly, healthcare institutions, Chamberlain and Ross, gained on strong demand for jobs in the field of healthcare across the U.S. That said, the company has been witnessing a persistent decline in enrollments at its flagship institution, DeVry University, which accounts for a major portion of its revenues.”
A number of other equities research analysts have also commented on DV. Credit Suisse Group AG set a $24.00 target price on DeVry Education Group and gave the company a hold rating in a research report on Sunday, October 2nd. Barrington Research upgraded DeVry Education Group from a market perform rating to an outperform rating and set a $30.00 target price on the stock in a research report on Wednesday, September 14th. Finally, Piper Jaffray Cos. reiterated an overweight rating and issued a $35.00 target price on shares of DeVry Education Group in a research report on Sunday, August 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $23.88.
DeVry Education Group (NYSE:DV) traded up 0.27% during midday trading on Monday, hitting $22.45. 27,462 shares of the stock traded hands. The firm’s market cap is $1.40 billion. DeVry Education Group has a 12 month low of $15.36 and a 12 month high of $29.60. The company’s 50 day moving average price is $22.88 and its 200 day moving average price is $20.22.
DeVry Education Group (NYSE:DV) last posted its quarterly earnings data on Thursday, August 18th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.05. DeVry Education Group had a negative net margin of 0.17% and a positive return on equity of 10.31%. The firm had revenue of $471.70 million for the quarter, compared to the consensus estimate of $461.90 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. Equities research analysts predict that DeVry Education Group will post $2.53 earnings per share for the current fiscal year.
In other news, major shareholder Value Advisers International sold 2,872 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $24.67, for a total transaction of $70,852.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ronald L. Taylor sold 44,100 shares of the stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $22.82, for a total value of $1,006,362.00. Following the transaction, the insider now owns 742,649 shares in the company, valued at approximately $16,947,250.18. The disclosure for this sale can be found here. Insiders own 5.61% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC raised its position in shares of DeVry Education Group by 60,339.0% in the second quarter. Acadian Asset Management LLC now owns 206,097 shares of the company’s stock worth $3,675,000 after buying an additional 205,756 shares during the period. Pecaut & CO. acquired a new position in shares of DeVry Education Group during the second quarter worth about $2,740,000. BNP Paribas Arbitrage SA raised its position in shares of DeVry Education Group by 1,064.6% in the second quarter. BNP Paribas Arbitrage SA now owns 36,241 shares of the company’s stock worth $647,000 after buying an additional 33,129 shares during the period. Royal Bank of Canada raised its position in shares of DeVry Education Group by 113.6% in the first quarter. Royal Bank of Canada now owns 23,305 shares of the company’s stock worth $403,000 after buying an additional 12,395 shares during the period. Finally, Amici Capital LLC acquired a new position in shares of DeVry Education Group during the first quarter worth about $950,000.
DeVry Education Group Company Profile
DeVry Education Group Inc (DeVry Group) is a provider of educational services. DeVry Group’s institutions offer an array of programs in business, healthcare and technology, and serve students in postsecondary education as well as accounting and finance professionals. DeVry Group operates through three segments: Business, Technology and Management, Medical and Healthcare, and International and Professional Education.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DeVry Education Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DeVry Education Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.