Barrington Research set a $175.00 price objective on Strategic Education (NASDAQ:STRA) in a research report sent to investors on Monday morning, TipRanks reports. The brokerage currently has a buy rating on the health services provider’s stock.
A number of other analysts also recently issued reports on STRA. ValuEngine raised Strategic Education from a sell rating to a hold rating in a research note on Wednesday, October 16th. BidaskClub downgraded Strategic Education from a sell rating to a strong sell rating in a research note on Friday, September 13th. Zacks Investment Research downgraded Strategic Education from a hold rating to a sell rating and set a $143.00 target price for the company. in a research note on Tuesday, October 15th. Finally, First Analysis reaffirmed a strong-buy rating and issued a $216.00 target price (up from $210.00) on shares of Strategic Education in a research note on Friday, June 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $182.00.
Shares of STRA opened at $126.01 on Monday. Strategic Education has a 52-week low of $102.21 and a 52-week high of $189.79. The company has a market capitalization of $2.84 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 1.30 and a beta of 0.54. The stock has a fifty day simple moving average of $144.26 and a two-hundred day simple moving average of $164.29.
Strategic Education (NASDAQ:STRA) last issued its earnings results on Wednesday, July 31st. The health services provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.12. Strategic Education had a return on equity of 8.65% and a net margin of 0.62%. The business had revenue of $245.10 million during the quarter, compared to the consensus estimate of $240.79 million. During the same period last year, the company earned $0.87 EPS. The company’s revenue for the quarter was up 113.7% on a year-over-year basis. On average, equities analysts expect that Strategic Education will post 6.64 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new position in shares of Strategic Education during the 2nd quarter worth $31,000. Advisor Group Inc. grew its holdings in shares of Strategic Education by 17.8% during the 2nd quarter. Advisor Group Inc. now owns 676 shares of the health services provider’s stock worth $119,000 after purchasing an additional 102 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Strategic Education by 134.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 701 shares of the health services provider’s stock worth $126,000 after purchasing an additional 402 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Strategic Education by 838.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 901 shares of the health services provider’s stock worth $122,000 after purchasing an additional 805 shares during the period. Finally, NEXT Financial Group Inc purchased a new position in shares of Strategic Education during the 2nd quarter worth $170,000. Institutional investors and hedge funds own 94.83% of the company’s stock.
About Strategic Education
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.
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