Capella Education Co. (CPLA) Cut to Neutral at Credit Suisse Group AG
Capella Education Co. (NASDAQ:CPLA) was downgraded by equities researchers at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating in a report released on Friday.
Several other research analysts have also recently commented on the company. First Analysis boosted their target price on Capella Education from $71.00 to $87.00 and gave the stock a “weight” rating in a research note on Friday. BMO Capital Markets cut Capella Education from an “outperform” rating to a “market perform” rating and set a $74.00 target price for the company. in a research note on Friday, October 28th. They noted that the move was a valuation call. Barrington Research boosted their target price on Capella Education from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 26th. Finally, Zacks Investment Research cut Capella Education from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Capella Education currently has a consensus rating of “Hold” and a consensus target price of $68.83.
Capella Education (NASDAQ:CPLA) opened at 85.35 on Friday. The stock has a market capitalization of $978.54 million, a PE ratio of 23.52 and a beta of 0.69. The stock has a 50 day moving average price of $68.16 and a 200 day moving average price of $58.99. Capella Education has a 52 week low of $39.06 and a 52 week high of $87.40.
Capella Education (NASDAQ:CPLA) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.19. The firm had revenue of $10.59 million for the quarter, compared to the consensus estimate of $105.27 million. Capella Education had a return on equity of 21.44% and a net margin of 10.10%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 EPS. Equities analysts forecast that Capella Education will post $3.56 EPS for the current year.
In other news, CFO Steven L. Polacek sold 2,894 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $62.00, for a total value of $179,428.00. Following the completion of the sale, the chief financial officer now directly owns 43,355 shares of the company’s stock, valued at approximately $2,688,010. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darrell R. Tukua sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $61.23, for a total value of $306,150.00. The disclosure for this sale can be found here. 6.50% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of CPLA. Mason Street Advisors LLC purchased a new stake in Capella Education during the second quarter valued at $109,000. Sei Investments Co. increased its stake in Capella Education by 81.0% in the third quarter. Sei Investments Co. now owns 2,042 shares of the company’s stock valued at $118,000 after buying an additional 914 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Capella Education by 117.0% in the second quarter. BNP Paribas Arbitrage SA now owns 3,541 shares of the company’s stock valued at $186,000 after buying an additional 1,909 shares in the last quarter. KBC Group NV increased its stake in Capella Education by 55.8% in the third quarter. KBC Group NV now owns 3,334 shares of the company’s stock valued at $194,000 after buying an additional 1,194 shares in the last quarter. Finally, Aperio Group LLC bought a new stake in Capella Education during the third quarter valued at approximately $200,000. 92.04% of the stock is owned by institutional investors and hedge funds.
About Capella Education
Capella Education Company is an online postsecondary education services company. The Company’s academic programs are delivered through its subsidiary, Capella University (the University), which is an online academic institution offering online postsecondary education services primarily to working adults.
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