Barrington Research Reiterates “Outperform” Rating for Strategic Education (NASDAQ:STRA)

Strategic Education (NASDAQ:STRA)‘s stock had its “outperform” rating reissued by investment analysts at Barrington Research in a report released on Tuesday,Benzinga reports. They presently have a $135.00 target price on the health services provider’s stock. Barrington Research’s price target indicates a potential upside of 39.20% from the stock’s current price.

Other analysts have also recently issued reports about the stock. StockNews.com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Truist Financial cut their target price on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.00.

Strategic Education Trading Down 0.2 %

Shares of NASDAQ:STRA opened at $96.98 on Tuesday. Strategic Education has a 1 year low of $85.11 and a 1 year high of $123.62. The firm has a fifty day moving average price of $96.24 and a 200 day moving average price of $96.68. The stock has a market capitalization of $2.38 billion, a PE ratio of 18.47, a P/E/G ratio of 1.15 and a beta of 0.58.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The business had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. During the same quarter in the prior year, the firm posted $0.97 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, sell-side analysts forecast that Strategic Education will post 4.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Strategic Education

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Strategic Education during the 3rd quarter worth approximately $37,000. Allspring Global Investments Holdings LLC bought a new position in Strategic Education in the third quarter worth $55,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Strategic Education during the second quarter worth $107,000. CWM LLC boosted its stake in Strategic Education by 332.1% during the third quarter. CWM LLC now owns 1,426 shares of the health services provider’s stock worth $132,000 after buying an additional 1,096 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Strategic Education by 12.8% in the 3rd quarter. US Bancorp DE now owns 1,938 shares of the health services provider’s stock valued at $179,000 after buying an additional 220 shares during the period. 93.27% of the stock is currently owned by institutional investors.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.