Strategic Education Inc (STRA) Receives $149.75 Consensus Target Price from Analysts

Shares of Strategic Education Inc (NASDAQ:STRA) have been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $149.75.

Several equities research analysts recently issued reports on the company. ValuEngine upgraded Strategic Education from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. BidaskClub upgraded Strategic Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 18th. Barrington Research assumed coverage on Strategic Education in a report on Tuesday, August 21st. They issued an “outperform” rating and a $160.00 price objective on the stock. Piper Jaffray Companies reiterated an “overweight” rating and issued a $175.00 price objective on shares of Strategic Education in a report on Thursday, September 27th. Finally, BMO Capital Markets lifted their price objective on Strategic Education to $152.00 and gave the stock an “outperform” rating in a report on Friday, August 24th.

STRA stock traded up $0.86 during trading on Friday, hitting $128.56. The stock had a trading volume of 24,562 shares, compared to its average volume of 125,404. Strategic Education has a twelve month low of $80.75 and a twelve month high of $138.97. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 41.34, a PEG ratio of 3.00 and a beta of 0.89.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings data on Wednesday, August 1st. The health services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.03. Strategic Education had a return on equity of 18.39% and a net margin of 3.14%. The company had revenue of $114.70 million for the quarter, compared to analysts’ expectations of $115.65 million. During the same period in the previous year, the firm posted $0.92 EPS. Strategic Education’s revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Strategic Education will post 4.39 earnings per share for the current fiscal year.

In related news, Director H James Dallas bought 1,625 shares of the stock in a transaction dated Thursday, August 2nd. The shares were acquired at an average cost of $123.60 per share, for a total transaction of $200,850.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Robert S. Silberman sold 34,000 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $123.05, for a total value of $4,183,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 212,000 shares of company stock worth $26,631,030. Insiders own 3.70% of the company’s stock.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Strategic Education by 9.8% during the 2nd quarter. BlackRock Inc. now owns 1,475,597 shares of the health services provider’s stock valued at $166,758,000 after buying an additional 131,138 shares during the period. Summit Trail Advisors LLC raised its position in shares of Strategic Education by 10,199.1% during the 1st quarter. Summit Trail Advisors LLC now owns 822,385 shares of the health services provider’s stock valued at $822,000 after buying an additional 814,400 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Strategic Education by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 444,911 shares of the health services provider’s stock valued at $44,958,000 after buying an additional 1,309 shares during the period. Rice Hall James & Associates LLC raised its position in shares of Strategic Education by 13.9% during the 2nd quarter. Rice Hall James & Associates LLC now owns 391,857 shares of the health services provider’s stock valued at $44,284,000 after buying an additional 47,798 shares during the period. Finally, ValueAct Holdings L.P. purchased a new stake in shares of Strategic Education during the 2nd quarter valued at approximately $21,862,000. Institutional investors and hedge funds own 99.93% of the company’s stock.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University and Capella University that provide undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.

Featured Article: Analyzing a company’s cash flow statement

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

Leave a Reply