BMO Capital Markets Raises Strategic Education (NASDAQ:STRA) Price Target to $130.00

Strategic Education (NASDAQ:STRA) had its price target lifted by investment analysts at BMO Capital Markets from $123.00 to $130.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the health services provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 10.56% from the stock’s current price.

A number of other research analysts have also recently weighed in on STRA. Barrington Research lifted their price objective on shares of Strategic Education from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday. Truist Financial boosted their target price on shares of Strategic Education from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday. StockNews.com raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Friday. Bank of America upped their price objective on shares of Strategic Education from $104.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, TheStreet upgraded shares of Strategic Education from a “c+” rating to a “b” rating in a report on Thursday, February 29th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $133.50.

Strategic Education Stock Performance

Shares of NASDAQ:STRA traded down $3.48 on Monday, hitting $117.58. 23,595 shares of the company were exchanged, compared to its average volume of 97,216. Strategic Education has a 1-year low of $64.53 and a 1-year high of $121.29. The stock’s 50 day moving average price is $101.89 and its 200 day moving average price is $94.36. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.89 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 1.40 and a beta of 0.50.

Strategic Education (NASDAQ:STRA) last posted its earnings results on Thursday, April 25th. The health services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.51. The company had revenue of $290.25 million during the quarter, compared to the consensus estimate of $274.02 million. Strategic Education had a net margin of 8.70% and a return on equity of 6.78%. Sell-side analysts predict that Strategic Education will post 4.75 EPS for the current year.

Insiders Place Their Bets

In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the sale, the chief executive officer now directly owns 161,359 shares in the company, valued at approximately $15,488,850.41. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total value of $1,230,591.80. Following the sale, the chief executive officer now directly owns 161,359 shares of the company’s stock, valued at approximately $15,488,850.41. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Daniel Wayne Jackson sold 3,713 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total transaction of $356,262.35. Following the completion of the sale, the chief financial officer now directly owns 71,770 shares in the company, valued at $6,886,331.50. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in Strategic Education during the 4th quarter worth $73,000. VisionPoint Advisory Group LLC lifted its stake in shares of Strategic Education by 27.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider’s stock worth $82,000 after acquiring an additional 236 shares during the period. TFO Wealth Partners LLC lifted its stake in shares of Strategic Education by 118,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,181 shares of the health services provider’s stock worth $109,000 after acquiring an additional 1,180 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Strategic Education in the 3rd quarter worth $234,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of Strategic Education in the 4th quarter worth $236,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.