Barrington Research Reiterates Bridgepoint Education Outperform
Barrington Research reiterated its Bridgepoint Education (NYSE: BPI) Outperform rating in a research report published today. Barrington Research has a $30 price target on Bridgepoint Education.
In the report, Barrington Research states, "With regulatory risk diminishing, continued strong value proposition (high quality/low cost university) in the current environment, a highly-experienced management team, a scalable business model and a strong balance sheet (no debt) and over $6 a share in cash, BPI's stock should continue to work higher given its current valuation."
Shares of Bridgepoint Education were trading at $19.45 at the time of posting, down 2.94% from Thursday's market close.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.