Capella Education (NASDAQ:CPLA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $89.00 target price on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 12.44% from the stock’s previous close.

According to Zacks, “Capella University’s educational programs are specifically designed to meet the educational needs of working adults in targeted professions. Continuous innovation and course updates expand its product portfolio, which in turn boost enrollments and drive long-term growth. Meanwhile, Strayer Education and Capella announced an all-stock merger deal of equal transactions, expected to close in the third quarter of 2018. The merger is expected to ensure student success and positive employment outcomes. However, Capella has been witnessing a negative enrollment trend for its doctoral program. Capella’s shares have also underperformed the industry in the last one year. That said, the company is focused on several initiatives to drive learner success in doctoral programs. Earnings estimates have also been moving upward for 2018 over the last 60 days.”

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets reiterated a “buy” rating and issued a $86.00 price objective on shares of Capella Education in a research note on Monday, September 18th. Piper Jaffray Companies reiterated a “hold” rating on shares of Capella Education in a research note on Wednesday, November 1st. Finally, Barrington Research lowered shares of Capella Education from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Capella Education presently has a consensus rating of “Hold” and an average price target of $94.00.

Capella Education (CPLA) traded up $0.10 during trading hours on Wednesday, reaching $79.15. 51,400 shares of the company’s stock traded hands, compared to its average volume of 52,833. The stock has a market cap of $918.88, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 2.49 and a beta of 0.38. Capella Education has a 52-week low of $65.15 and a 52-week high of $99.25.

Capella Education (NASDAQ:CPLA) last posted its quarterly earnings data on Monday, October 30th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The firm had revenue of $107.01 million during the quarter, compared to analyst estimates of $108.10 million. Capella Education had a net margin of 9.60% and a return on equity of 19.21%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS. equities research analysts expect that Capella Education will post 3.58 earnings per share for the current year.

Several hedge funds have recently modified their holdings of CPLA. Riverhead Capital Management LLC increased its stake in shares of Capella Education by 105.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,232 shares of the company’s stock worth $105,000 after purchasing an additional 632 shares during the last quarter. Flinton Capital Management LLC increased its stake in shares of Capella Education by 76.9% during the 2nd quarter. Flinton Capital Management LLC now owns 1,564 shares of the company’s stock worth $134,000 after purchasing an additional 680 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Capella Education by 371.6% during the 2nd quarter. Royal Bank of Canada now owns 1,924 shares of the company’s stock worth $164,000 after purchasing an additional 1,516 shares during the last quarter. Parallax Volatility Advisers L.P. purchased a new position in Capella Education in the 2nd quarter valued at approximately $178,000. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in Capella Education in the 2nd quarter valued at approximately $198,000. Institutional investors own 92.46% of the company’s stock.

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Capella Education Company Profile

Capella Education Company is an education services company. The Company provides direct path between learning and employment through its online postsecondary education offerings and through programs to develop job-ready skills for demand markets. The company’s segments include post-secondary segment and job-ready skills segment.

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