Strayer Education, Inc. (STRA) Stock Rating Reaffirmed by Piper Jaffray Companies
Strayer Education, Inc. (NASDAQ:STRA)‘s stock had its “hold” rating reissued by investment analysts at Piper Jaffray Companies in a report issued on Tuesday. They currently have a $87.00 price objective on the health services provider’s stock. Piper Jaffray Companies’ price objective would suggest a potential downside of 2.92% from the company’s current price.
A number of other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Strayer Education from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub cut shares of Strayer Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $100.00 price target on shares of Strayer Education in a research report on Thursday, July 20th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $94.00.
Shares of Strayer Education (STRA) opened at 89.62 on Tuesday. The firm has a market capitalization of $959.02 million, a P/E ratio of 27.84 and a beta of 0.95. Strayer Education has a 52-week low of $45.11 and a 52-week high of $95.74. The company’s 50-day moving average is $84.51 and its 200 day moving average is $85.91.
Strayer Education (NASDAQ:STRA) last issued its quarterly earnings results on Wednesday, July 26th. The health services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.05. Strayer Education had a net margin of 7.90% and a return on equity of 17.65%. The business had revenue of $112.70 million for the quarter, compared to analysts’ expectations of $113.68 million. During the same period last year, the business earned $0.72 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts expect that Strayer Education will post $3.33 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of Strayer Education by 15.1% in the second quarter. Victory Capital Management Inc. now owns 1,680 shares of the health services provider’s stock worth $157,000 after purchasing an additional 221 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Strayer Education by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 2,068 shares of the health services provider’s stock worth $192,000 after purchasing an additional 918 shares during the last quarter. Stifel Financial Corp bought a new position in shares of Strayer Education in the second quarter worth approximately $202,000. Piedmont Investment Advisors LLC bought a new position in shares of Strayer Education in the second quarter worth approximately $211,000. Finally, M&T Bank Corp bought a new position in shares of Strayer Education in the second quarter worth approximately $212,000. Hedge funds and other institutional investors own 93.04% of the company’s stock.
About Strayer Education
Strayer Education, Inc is an education services holding company. The Company provides post-secondary education and other academic programs, through its subsidiaries, Strayer University (the University) and New York Code and Design Academy (NYCDA). As of December 31, 2016, the University offered undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration and criminal justice at 74 physical campuses located in the Mid-Atlantic and Southern regions of the United States, and online.
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