Zacks: Bridgepoint Education Inc (BPI) Receives Average Recommendation of “Buy” from Brokerages

Shares of Bridgepoint Education Inc (NYSE:BPI) have earned an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Analysts have set a 12 month consensus target price of $14.00 for the company and are anticipating that the company will post ($0.11) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bridgepoint Education an industry rank of 161 out of 257 based on the ratings given to related companies.

Several research firms have commented on BPI. TheStreet upgraded Bridgepoint Education from a “c” rating to a “b-” rating in a research note on Friday, August 10th. Zacks Investment Research upgraded Bridgepoint Education from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research note on Monday, July 30th. ValuEngine upgraded Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Finally, Barrington Research reiterated a “buy” rating and set a $15.00 price objective on shares of Bridgepoint Education in a research note on Wednesday, September 12th.

NYSE BPI traded up $0.33 during trading hours on Monday, reaching $8.15. The company’s stock had a trading volume of 295,749 shares, compared to its average volume of 242,197. The stock has a market capitalization of $211.05 million, a price-to-earnings ratio of 13.81, a PEG ratio of 1.22 and a beta of 2.24. Bridgepoint Education has a 1-year low of $5.31 and a 1-year high of $13.63.

Bridgepoint Education (NYSE:BPI) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.07. Bridgepoint Education had a return on equity of 13.73% and a net margin of 3.96%. The company had revenue of $114.86 million during the quarter, compared to analyst estimates of $117.25 million. During the same period in the previous year, the business earned $0.25 EPS. Bridgepoint Education’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, equities analysts anticipate that Bridgepoint Education will post 0.64 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Engineers Gate Manager LP grew its position in shares of Bridgepoint Education by 22.9% in the second quarter. Engineers Gate Manager LP now owns 23,924 shares of the company’s stock valued at $156,000 after purchasing an additional 4,455 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Bridgepoint Education in the third quarter valued at approximately $197,000. First Trust Advisors LP grew its position in shares of Bridgepoint Education by 18.8% in the second quarter. First Trust Advisors LP now owns 31,000 shares of the company’s stock valued at $202,000 after purchasing an additional 4,914 shares in the last quarter. A.R.T. Advisors LLC grew its position in shares of Bridgepoint Education by 90.7% in the first quarter. A.R.T. Advisors LLC now owns 36,593 shares of the company’s stock valued at $246,000 after purchasing an additional 17,400 shares in the last quarter. Finally, Trexquant Investment LP grew its position in shares of Bridgepoint Education by 108.5% in the third quarter. Trexquant Investment LP now owns 25,648 shares of the company’s stock valued at $261,000 after purchasing an additional 13,344 shares in the last quarter. Institutional investors own 73.23% of the company’s stock.

About Bridgepoint Education

Bridgepoint Education, Inc, together with its subsidiaries, provides postsecondary education services in the United States. Its academic institutions, Ashford University and University of the Rockies, offer associate's, bachelor's, master's, and doctoral degree programs in the disciplines of business, education, psychology, social sciences, and health sciences.

Further Reading: Inflation

Get a free copy of the Zacks research report on Bridgepoint Education (BPI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bridgepoint Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgepoint Education and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit