Strayer Education’s (STRA) “Hold” Rating Reaffirmed at Piper Jaffray Companies

Strayer Education, Inc. (NASDAQ:STRA)‘s stock had its “hold” rating restated by Piper Jaffray Companies in a report issued on Wednesday. They presently have a $91.00 target price on the health services provider’s stock. Piper Jaffray Companies’ price target would suggest a potential downside of 2.91% from the company’s current price.

Several other research firms also recently commented on STRA. BMO Capital Markets reissued an “outperform” rating and set a $118.00 price target (up from $99.00) on shares of Strayer Education in a research note on Tuesday. BidaskClub downgraded shares of Strayer Education from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of Strayer Education from a “sell” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Tuesday, September 26th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $99.50.

Shares of Strayer Education (NASDAQ STRA) opened at 93.73 on Wednesday. The stock has a 50 day moving average of $87.55 and a 200-day moving average of $86.80. Strayer Education has a 1-year low of $57.02 and a 1-year high of $100.72. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 29.12 and a beta of 0.95.

Strayer Education (NASDAQ:STRA) last posted its quarterly earnings results on Monday, October 30th. The health services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $108.50 million for the quarter, compared to analysts’ expectations of $107.54 million. Strayer Education had a return on equity of 17.64% and a net margin of 8.52%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share. Analysts forecast that Strayer Education will post $3.33 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Strayer Education by 64,392.9% in the first quarter. BlackRock Inc. now owns 1,298,888 shares of the health services provider’s stock worth $104,548,000 after buying an additional 1,296,874 shares during the period. Vanguard Group Inc. increased its stake in shares of Strayer Education by 3.2% in the second quarter. Vanguard Group Inc. now owns 1,143,120 shares of the health services provider’s stock worth $106,562,000 after buying an additional 35,328 shares during the period. Capital World Investors increased its stake in shares of Strayer Education by 0.4% in the second quarter. Capital World Investors now owns 724,200 shares of the health services provider’s stock worth $67,510,000 after buying an additional 3,095 shares during the period. FMR LLC increased its stake in shares of Strayer Education by 3.3% in the second quarter. FMR LLC now owns 527,600 shares of the health services provider’s stock worth $49,183,000 after buying an additional 16,693 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Strayer Education by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 441,117 shares of the health services provider’s stock worth $41,121,000 after buying an additional 2,295 shares during the period. 92.99% of the stock is currently owned by institutional investors.

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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