Research analysts at Deutsche Bank lowered their target price on shares of Strayer Education (NASDAQ:STRA) from $38.00 to $34.00 in a report released on Friday, AnalystRatings.NET reports. The firm currently has a “sell” rating on the stock. Deutsche Bank’s target price suggests a potential downside of 13.75% from the stock’s previous close.
A number of other firms have also recently commented on STRA. Analysts at Barrington Research downgraded shares of Strayer Education from a “market perform” rating to an “underperform” rating in a research note to investors on Friday. Separately, analysts at Morgan Stanley downgraded shares of Strayer Education from an “equal weight” rating to an “underweight” rating in a research note to investors on Friday. They now have a $30.00 price target on the stock. Finally, analysts at McLean Capital Management upgraded shares of Strayer Education from a “neutral” rating to a “buy” rating in a research note to investors on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $43.30.
Shares of Strayer Education (NASDAQ:STRA) traded down 3.88% on Friday, hitting $37.89. 492,243 shares of the company’s stock traded hands. Strayer Education has a 52 week low of $38.16 and a 52 week high of $71.23. The stock has a 50-day moving average of $42.49 and a 200-day moving average of $46.60. The company has a market cap of $390.6 million and a price-to-earnings ratio of 8.24.
Strayer Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.26. The company had revenue of $110.00 million for the quarter, compared to the consensus estimate of $109.35 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down 11.5% on a year-over-year basis. Analysts expect that Strayer Education will post $3.99 EPS for the current fiscal year.
Strayer Education, Inc provides post-secondary education services. The Company offers a range of academic programs through its wholly owned subsidiary Strayer University, Inc (NASDAQ:STRA), both in classroom courses and online via the Internet.
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