Strategic Education Inc (NASDAQ:STRA) Receives $189.80 Consensus PT from Brokerages

Strategic Education Inc (NASDAQ:STRA) has been given a consensus rating of “Buy” by the seven brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $189.80.

Several research analysts have commented on the stock. BMO Capital Markets lifted their price target on shares of Strategic Education from $180.00 to $194.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Barrington Research restated an “outperform” rating and issued a $210.00 target price (up previously from $185.00) on shares of Strategic Education in a report on Wednesday, July 31st. Zacks Investment Research cut shares of Strategic Education from a “buy” rating to a “hold” rating and set a $154.00 target price on the stock. in a report on Monday, July 8th. BidaskClub cut shares of Strategic Education from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, First Analysis restated a “strong-buy” rating and issued a $216.00 target price (up previously from $210.00) on shares of Strategic Education in a report on Friday, June 28th.

Shares of STRA stock traded up $1.93 during trading hours on Friday, hitting $172.63. 378 shares of the company’s stock were exchanged, compared to its average volume of 142,691. The stock has a market capitalization of $3.75 billion, a P/E ratio of 36.23, a PEG ratio of 1.70 and a beta of 0.61. Strategic Education has a 12-month low of $102.21 and a 12-month high of $189.79. The stock has a 50 day simple moving average of $180.19.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings results on Wednesday, July 31st. The health services provider reported $1.59 EPS for the quarter, topping the consensus estimate of $1.47 by $0.12. The firm had revenue of $245.10 million for the quarter, compared to the consensus estimate of $240.79 million. Strategic Education had a net margin of 0.62% and a return on equity of 8.65%. The business’s revenue was up 113.7% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. As a group, sell-side analysts anticipate that Strategic Education will post 6.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, August 30th. Strategic Education’s dividend payout ratio is 42.11%.

In other news, Director G Thomas Waite III sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $178.59, for a total value of $535,770.00. Following the transaction, the director now owns 11,951 shares in the company, valued at $2,134,329.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Todd A. Milano sold 6,449 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $180.47, for a total transaction of $1,163,851.03. Following the completion of the transaction, the director now owns 7,543 shares in the company, valued at approximately $1,361,285.21. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new stake in Strategic Education in the second quarter valued at $31,000. Quantamental Technologies LLC bought a new stake in Strategic Education in the first quarter valued at $42,000. Advisor Group Inc. boosted its holdings in Strategic Education by 17.8% in the second quarter. Advisor Group Inc. now owns 676 shares of the health services provider’s stock valued at $119,000 after acquiring an additional 102 shares in the last quarter. NEXT Financial Group Inc bought a new stake in Strategic Education in the second quarter valued at $170,000. Finally, O Shares Investment Advisers LLC bought a new stake in Strategic Education in the second quarter valued at $208,000. Hedge funds and other institutional investors own 94.98% of the company’s stock.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.

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