Zacks: Bridgepoint Education Inc (BPI) Receives Consensus Rating of “Buy” from Analysts

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Bridgepoint Education Inc (NYSE:BPI) has received an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokerages have set a 12-month consensus price objective of $12.75 for the company and are anticipating 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 analysts recently issued reports on BPI shares. Barrington Research reissued a “buy” rating on shares of Bridgepoint Education in a research report on Tuesday, January 8th. Zacks Investment Research upgraded Bridgepoint Education from a “hold” rating to a “strong-buy” rating and set a $9.25 target price for the company in a report on Tuesday, November 13th. ValuEngine raised Bridgepoint Education from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, TheStreet downgraded Bridgepoint Education from a “b-” rating to a “c+” rating in a research note on Tuesday, November 27th.

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in 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 purchasing an additional 167,635 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Bridgepoint Education during the third quarter worth about $197,000. Pacific Ridge Capital Partners LLC boosted its stake 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 worth $4,261,000 after buying an additional 22,613 shares in the last quarter. Renaissance Technologies LLC boosted its stake 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 valued at $7,147,000 after purchasing an additional 236,400 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Bridgepoint Education in the third quarter worth $457,000. Institutional investors own 81.60% of the company’s stock.

Shares of Bridgepoint Education stock traded up $0.35 during midday trading on Monday, reaching $9.21. 254,000 shares of the company’s stock traded hands, compared to its average volume of 125,075. Bridgepoint Education has a 52 week low of $5.31 and a 52 week high of $13.63. The company has a market capitalization of $240.48 million, a P/E ratio of 15.61, a P/E/G 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 Thomson Reuters’ consensus estimate of $0.22 by $0.07. The firm 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 company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 earnings per share. As a group, equities research analysts anticipate that Bridgepoint Education will post 0.71 EPS for the current year.

About Bridgepoint Education

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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