Capella Education (CPLA) Raised to “Buy” at Zacks Investment Research

Capella Education (NASDAQ:CPLA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, January 23rd. The firm presently has a $90.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 11.94% from the company’s previous close.

According to Zacks, “Capella University’s educational programs are specifically designed to meet the educational needs of working adults in targeted professions. Continuous innovation and course updates expand its product portfolio, which in turn boost enrollments and drive long-term growth. Meanwhile, Strayer Education and Capella announced an all-stock merger deal of equal transactions, expected to close in the third quarter of 2018. The merger is expected to ensure student success and positive employment outcomes. However, Capella has been witnessing a negative enrollment trend for its doctoral program. Capella’s shares have also underperformed the industry in the last one year.”

CPLA has been the topic of a number of other research reports. Barrington Research downgraded Capella Education from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th. BMO Capital Markets restated a “buy” rating on shares of Capella Education in a research note on Thursday, November 30th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating on shares of Capella Education in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $94.33.

Capella Education (NASDAQ CPLA) traded up $1.15 during mid-day trading on Tuesday, reaching $80.40. The company’s stock had a trading volume of 28,431 shares, compared to its average volume of 72,783. The firm has a market cap of $934.55, a P/E ratio of 22.71, a P/E/G ratio of 2.46 and a beta of 0.43. Capella Education has a fifty-two week low of $65.15 and a fifty-two week high of $99.25.

Hedge funds have recently modified their holdings of the business. Riverhead Capital Management LLC raised its holdings in Capella Education by 105.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,232 shares of the company’s stock valued at $105,000 after acquiring an additional 632 shares during the period. Flinton Capital Management LLC raised its holdings in Capella Education by 76.9% during the 2nd quarter. Flinton Capital Management LLC now owns 1,564 shares of the company’s stock valued at $134,000 after acquiring an additional 680 shares during the period. Royal Bank of Canada increased its holdings in shares of Capella Education by 371.6% in the second quarter. Royal Bank of Canada now owns 1,924 shares of the company’s stock worth $164,000 after purchasing an additional 1,516 shares during the period. Parallax Volatility Advisers L.P. bought a new position in shares of Capella Education in the second quarter worth $178,000. Finally, D.A. Davidson & CO. increased its holdings in shares of Capella Education by 6.6% in the second quarter. D.A. Davidson & CO. now owns 2,429 shares of the company’s stock worth $207,000 after purchasing an additional 151 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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Capella Education Company Profile

Capella Education Company is an education services company. The Company provides direct path between learning and employment through its online postsecondary education offerings and through programs to develop job-ready skills for demand markets. The company’s segments include post-secondary segment and job-ready skills segment.

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