The First Analysis Raises Strayer Education Inc (STRA) Price Target to $95.00

The First Analysis Raises Strayer Education Inc (STRA) Price Target to $95.00

Other equities analysts have also issued research reports about the stock. BMO Capital Markets reissued a “buy” rating and issued a $100.00 price target on shares of Strayer Education in a report on Thursday, May 4th. TheStreet raised shares of Strayer Education from a “c” rating to a “b” rating in a report on Thursday, February 16th. Finally, Zacks Investment Research lowered shares of Strayer Education from a “hold” rating to a “strong sell” rating in a report on Monday, February 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $82.67.

Strayer Education Inc (NASDAQ:STRA) had its target price hoisted by equities research analysts at First Analysis from $76.00 to $95.00 in a research report issued on Monday, May 15th. The firm presently has an “equal weight” rating on the health services provider’s stock. First Analysis’ target price would indicate a potential upside of 6.48% from the stock’s current price.

Shares of Strayer Education (STRA) opened at 89.22 on Monday. Strayer Education has a 12 month low of $43.50 and a 12 month high of $94.34. The firm has a market cap of $949.66 million, a PE ratio of 29.57 and a beta of 0.99. The stock has a 50 day moving average price of $87.48 and a 200 day moving average price of $81.21. Strayer Education (NASDAQ:STRA) last announced its quarterly earnings results on Wednesday, May 3rd. The health services provider reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. Strayer Education had a net margin of 8.30% and a return on equity of 21.76%. The company had revenue of $114.90 million during the quarter, compared to analyst estimates of $116.44 million. During the same quarter in the previous year, the business earned $1.06 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Strayer Education will post $3.47 EPS for the current year.

In related news, CEO Raymond Karl Mcdonnell sold 43,659 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $90.93, for a total value of $3,969,912.87. Following the completion of the transaction, the chief executive officer now directly owns 193,764 shares of the company’s stock, valued at approximately $17,618,960.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 7.40% of the stock is currently owned by corporate insiders. Institutional investors have recently made changes to their positions in the company. State Street Corp raised its position in shares of Strayer Education by 7.1% in the first quarter. State Street Corp now owns 245,824 shares of the health services provider’s stock worth $19,778,000 after buying an additional 16,351 shares during the last quarter. Bank of America Corp DE raised its position in shares of Strayer Education by 58.4% in the first quarter. Bank of America Corp DE now owns 30,832 shares of the health services provider’s stock worth $2,482,000 after buying an additional 11,372 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Strayer Education by 13.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 114,665 shares of the health services provider’s stock worth $9,230,000 after buying an additional 13,930 shares during the last quarter. KCG Holdings Inc. bought a new position in shares of Strayer Education during the first quarter worth $561,000. Finally, BlackRock Inc. raised its position 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 last quarter. 90.34% of the stock is owned by hedge funds and other institutional investors.

Strayer Education Company Profile 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:STRA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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