Bridgepoint Education Inc (BPI) Given Average Recommendation of “Buy” by Brokerages

Bridgepoint Education Inc (NYSE:BPI) has received a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

Analysts have set a 1 year consensus price target of $12.75 for the company and are forecasting that the company will post ($0.12) EPS for the current quarter, according to Zacks. Zacks has also assigned Bridgepoint Education an industry rank of 21 out of 255 based on the ratings given to related companies.

Several research analysts recently commented on BPI shares. Barrington Research restated a “buy” rating on shares of Bridgepoint Education in a report on Tuesday, January 8th. Zacks Investment Research upgraded shares of Bridgepoint Education from a “hold” rating to a “strong-buy” rating and set a $9.25 price target for the company in a report on Tuesday, November 13th. ValuEngine upgraded Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, TheStreet cut Bridgepoint Education from a “b-” rating to a “c+” rating in a research note on Tuesday, November 27th.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of Bridgepoint Education by 1,199.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 181,616 shares of the company’s stock worth $1,846,000 after acquiring an additional 167,635 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Bridgepoint Education during the third quarter worth $197,000. Pacific Ridge Capital Partners LLC boosted its holdings in Bridgepoint Education by 5.7% in the third quarter. Pacific Ridge Capital Partners LLC now owns 419,436 shares of the company’s stock valued at $4,261,000 after purchasing an additional 22,613 shares during the period. Renaissance Technologies LLC increased its position in shares of Bridgepoint Education by 27.5% during the second quarter. Renaissance Technologies LLC now owns 1,094,558 shares of the company’s stock worth $7,147,000 after purchasing an additional 236,400 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Bridgepoint Education in the 3rd quarter valued at about $457,000. Institutional investors own 81.60% of the company’s stock.

NYSE:BPI traded up $0.35 during trading hours on Monday, reaching $9.21. 254,000 shares of the company’s stock were exchanged, compared to its average volume of 125,075. Bridgepoint Education has a 12 month low of $5.31 and a 12 month high of $13.63. The stock has a market capitalization of $240.48 million, a price-to-earnings ratio of 15.61, a PEG ratio of 1.44 and a beta of 2.16.

Bridgepoint Education (NYSE:BPI) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.07. The company had revenue of $114.86 million for the quarter, compared to analyst estimates of $117.25 million. Bridgepoint Education had a net margin of 3.96% and a return on equity of 13.35%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. As a group, research analysts predict that Bridgepoint Education will post 0.71 earnings per share for the current fiscal year.

Bridgepoint Education Company Profile

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.

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