UPDATE: Oppenheimer Lowers DeVry's PT

According to a research report published this morning, Oppenheimer has decreased DeVry's DV PT from $48 to $39. In the report, Oppenheimer said, "EPS of $1.00 (-24% y/y) in F3Q12 compared to our est/consensus of $1.08/$0.99. Revenue of $541M (-4% y/y) compared to our est/consensus of $553M/$529M. Not unexpectedly, Spring Enrollment softened, with DeVry Undergrad, DeVry Graduate (Keller), DeVry Medical, and Carrington all decreasing new enrollments. Favorably, DeVry Brasil and Chamberlain continue to deliver solid growth, partly offsetting the declines elsewhere. DV's outlook was muted given minimal enrollment visibility, with focus on out-year improvement." Oppenheimer maintains its Outperform rating on DeVry, which is currently trading at $30.66.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsOppenheimer
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!