DeVry Education Group Inc. (NYSE:DV) Receives $23.71 Average Price Target from Brokerages
DeVry Education Group Inc. (NYSE:DV) has earned an average recommendation of “Hold” from the ten brokerages that are presently covering the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $23.71.
Several research firms have commented on DV. Credit Suisse Group AG set a $24.00 price objective on DeVry Education Group and gave the stock a “hold” rating in a research report on Sunday, October 2nd. Barrington Research lowered DeVry Education Group from an “outperform” rating to a “market perform” rating in a research report on Monday, August 15th. Piper Jaffray Cos. restated an “overweight” rating and issued a $35.00 price objective on shares of DeVry Education Group in a research report on Sunday, August 21st. Finally, Zacks Investment Research upgraded DeVry Education Group from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Wednesday, June 29th.
In other DeVry Education Group news, insider Ronald L. Taylor sold 44,100 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $22.82, for a total value of $1,006,362.00. Following the completion of the sale, the insider now directly owns 742,649 shares of the company’s stock, valued at approximately $16,947,250.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Gregory S. Davis sold 1,366 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $24.00, for a total value of $32,784.00. Following the completion of the sale, the senior vice president now directly owns 16,480 shares of the company’s stock, valued at $395,520. The disclosure for this sale can be found here. 4.23% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of DV. US Bancorp DE increased its stake in shares of DeVry Education Group by 7.8% in the second quarter. US Bancorp DE now owns 8,258 shares of the company’s stock worth $147,000 after buying an additional 598 shares during the period. Teacher Retirement System of Texas increased its stake in shares of DeVry Education Group by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 8,444 shares of the company’s stock worth $151,000 after buying an additional 1,022 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of DeVry Education Group during the second quarter worth about $195,000. Landscape Capital Management L.L.C. bought a new stake in shares of DeVry Education Group during the second quarter worth about $220,000. Finally, Profund Advisors LLC increased its stake in shares of DeVry Education Group by 12.6% in the second quarter. Profund Advisors LLC now owns 13,068 shares of the company’s stock worth $233,000 after buying an additional 1,460 shares during the period.
DeVry Education Group (NYSE:DV) opened at 23.16 on Friday. DeVry Education Group has a 1-year low of $15.36 and a 1-year high of $29.65. The stock’s market capitalization is $1.44 billion. The firm’s 50-day moving average is $23.11 and its 200 day moving average is $20.00.
DeVry Education Group (NYSE:DV) last released its quarterly earnings data on Thursday, August 18th. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.05. DeVry Education Group had a positive return on equity of 10.31% and a negative net margin of 0.17%. The business had revenue of $471.70 million for the quarter, compared to analyst estimates of $461.90 million. During the same quarter in the prior year, the firm posted $0.57 EPS. The business’s quarterly revenue was down .3% compared to the same quarter last year. Equities analysts anticipate that DeVry Education Group will post $2.53 EPS for the current fiscal year.
DeVry Education Group Company Profile
DeVry Education Group Inc (DeVry Group) is a provider of educational services. DeVry Group’s institutions offer an array of programs in business, healthcare and technology, and serve students in postsecondary education as well as accounting and finance professionals. DeVry Group operates through three segments: Business, Technology and Management, Medical and Healthcare, and International and Professional Education.
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