DeVry Education Group Inc. (DV) Trading Down 3.6%
DeVry Education Group Inc. (NYSE:DV) shares fell 3.6% during mid-day trading on Monday . The company traded as low as $24.58 and last traded at $24.70, with a volume of 820,112 shares trading hands. The stock had previously closed at $25.63.
Several research firms have recently weighed in on DV. Robert W. Baird reiterated a “hold” rating on shares of DeVry Education Group in a research note on Sunday, May 8th. Morgan Stanley reiterated a “hold” rating on shares of DeVry Education Group in a research note on Sunday, May 8th. Bank of America Corp. reiterated a “sell” rating on shares of DeVry Education Group in a research note on Thursday, May 26th. Barrington Research downgraded DeVry Education Group from an “outperform” rating to a “market perform” rating in a research note on Monday, June 6th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and set a $35.00 price target on shares of DeVry Education Group in a research note on Sunday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $22.88.
The firm’s market cap is $1.54 billion. The firm’s 50 day moving average is $21.75 and its 200-day moving average is $18.97.
DeVry Education Group (NYSE:DV) last issued its quarterly earnings data on Thursday, August 18th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. The company had revenue of $471.70 million for the quarter, compared to analysts’ expectations of $461.90 million. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share. Equities analysts forecast that DeVry Education Group Inc. will post $2.53 earnings per share for the current year.
In other DeVry Education Group news, SVP Gregory S. Davis sold 1,366 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $24.00, for a total transaction of $32,784.00. Following the sale, the senior vice president now directly owns 16,480 shares in the company, valued at $395,520. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
An institutional investor recently raised its position in DeVry Education Group stock. Royce & Associates LLC increased its position in shares of DeVry Education Group Inc. (NYSE:DV) by 314.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 108,054 shares of the company’s stock after buying an additional 82,000 shares during the period. Royce & Associates LLC owned approximately 0.17% of DeVry Education Group worth $2,735,000 at the end of the most recent reporting period.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.