Capella Education (CPLA) Stock Rating Upgraded by Zacks Investment Research
Capella Education (NASDAQ:CPLA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $88.00 price objective on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 11.25% from the company’s previous close.
According to Zacks, “Capella University’s educational programs are specifically designed to meet the educational needs of working adults in targeted professions. Continuous innovation and course updates expand its product portfolio, which in turn boost enrollments and drive long-term growth. Meanwhile, Strayer Education and Capella announced an all-stock merger deal of equal transactions, expected to close in the third quarter of 2018. The merger is expected to ensure student success and positive employment outcomes. However, Capella has been witnessing a negative enrollment trend for its doctoral program. Capella’s shares have also underperformed the industry in the last one year. That said, the company is focused on several initiatives to drive learner success in doctoral programs. Earnings estimates have also been moving upward for the current year and the next over the last 30 days.”
A number of other equities analysts have also recently commented on the company. BMO Capital Markets reiterated a “buy” rating on shares of Capella Education in a report on Thursday, November 30th. Piper Jaffray Companies reissued a “hold” rating on shares of Capella Education in a research note on Wednesday, November 1st. Finally, Barrington Research lowered Capella Education from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Capella Education has a consensus rating of “Hold” and a consensus price target of $93.67.
Capella Education (NASDAQ:CPLA) last announced its earnings results on Monday, October 30th. The company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The firm had revenue of $107.01 million during the quarter, compared to analysts’ expectations of $108.10 million. Capella Education had a return on equity of 19.21% and a net margin of 9.60%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 EPS. analysts expect that Capella Education will post 3.58 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new stake in shares of Capella Education during the 3rd quarter worth approximately $220,000. Royce & Associates LP lifted its stake in shares of Capella Education by 4.4% during the 3rd quarter. Royce & Associates LP now owns 878,655 shares of the company’s stock worth $61,638,000 after acquiring an additional 37,154 shares during the last quarter. OxFORD Asset Management LLP lifted its stake in shares of Capella Education by 267.1% during the 3rd quarter. OxFORD Asset Management LLP now owns 12,880 shares of the company’s stock worth $910,000 after acquiring an additional 9,371 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Capella Education by 6.9% during the 3rd quarter. Wells Fargo & Company MN now owns 72,184 shares of the company’s stock worth $5,064,000 after acquiring an additional 4,678 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in shares of Capella Education by 12.2% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 63,280 shares of the company’s stock worth $4,439,000 after acquiring an additional 6,900 shares during the last quarter. 92.46% of the stock is owned by hedge funds and other institutional investors.
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About Capella Education
Capella Education Company is an education services company. The Company provides direct path between learning and employment through its online postsecondary education offerings and through programs to develop job-ready skills for demand markets. The company’s segments include post-secondary segment and job-ready skills segment.
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