DeVry Education Group Inc. (DV) Receives $24.75 Average PT from Brokerages
DeVry Education Group Inc. (NYSE:DV) has received an average recommendation of “Hold” from the ten research firms that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $24.75.
Several research analysts have weighed in on the stock. Credit Suisse Group AG set a $24.00 target price on shares of DeVry Education Group and gave the stock a “hold” rating in a research note on Sunday, October 2nd. Barrington Research lowered shares of DeVry Education Group from an “outperform” rating to a “market perform” rating in a research note on Monday, August 15th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $35.00 target price on shares of DeVry Education Group in a research note on Sunday, August 21st. Finally, Zacks Investment Research raised shares of DeVry Education Group from a “sell” rating to a “hold” rating and set a $26.00 target price for the company in a research note on Thursday, November 3rd.
In related news, SVP Gregory S. Davis sold 1,366 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $24.00, for a total value of $32,784.00. Following the sale, the senior vice president now owns 16,480 shares of the company’s stock, valued at $395,520. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald L. Taylor sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $25.51, for a total transaction of $35,714.00. Following the completion of the sale, the director now directly owns 739,799 shares in the company, valued at approximately $18,872,272.49. The disclosure for this sale can be found here. 5.61% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of DV. Fairpointe Capital LLC boosted its stake in shares of DeVry Education Group by 29.3% in the second quarter. Fairpointe Capital LLC now owns 6,702,180 shares of the company’s stock valued at $119,566,000 after buying an additional 1,520,615 shares during the period. Vanguard Group Inc. boosted its stake in DeVry Education Group by 4.8% in the second quarter. Vanguard Group Inc. now owns 4,089,248 shares of the company’s stock worth $72,953,000 after buying an additional 187,469 shares during the last quarter. BlackRock Fund Advisors boosted its stake in DeVry Education Group by 6.2% in the third quarter. BlackRock Fund Advisors now owns 3,133,901 shares of the company’s stock worth $72,268,000 after buying an additional 182,225 shares during the last quarter. State Street Corp boosted its stake in DeVry Education Group by 2.3% in the first quarter. State Street Corp now owns 1,976,392 shares of the company’s stock worth $34,131,000 after buying an additional 44,650 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in DeVry Education Group by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,767,693 shares of the company’s stock worth $40,763,000 after buying an additional 20,311 shares during the last quarter.
DeVry Education Group (NYSE:DV) opened at 27.85 on Friday. DeVry Education Group has a 1-year low of $15.36 and a 1-year high of $28.45. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 107.95 and a beta of 0.90. The company’s 50 day moving average is $23.27 and its 200 day moving average is $21.05.
DeVry Education Group (NYSE:DV) last announced its earnings results on Tuesday, November 1st. The company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The company had revenue of $449.90 million for the quarter, compared to analysts’ expectations of $443.62 million. DeVry Education Group had a return on equity of 10.49% and a net margin of 0.89%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS. Equities research analysts forecast that DeVry Education Group will post $2.55 EPS for the current year.
DeVry Education Group Company Profile
DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law. The Company operates in three segments: Medical and Healthcare; International and Professional Education, and Business, Technology and Management.
Receive News & Stock Ratings for DeVry Education Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DeVry Education Group Inc. and related stocks with our FREE daily email newsletter.