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UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on Capella Education

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In a report published Wednesday, Deutsche Bank reiterated its Hold rating on Capella Education (NASDAQ: CPLA), and raised its price target from $30.00 to $34.00.

Deutsche Bank noted, “Signs of improving start trends, despite weak guidance. After seven qtrs of negative starts, CPLA reported +10.5% 3Q12 new enrollment growth. However, overall trends remain volatile and total enrollment growth, the key to operating leverage, has yet to turn. We lower 4Q12E EPS from $0.85 (Street $0.92) to $0.73, the midpoint of implied guidance, and 1Q13E from $0.83 to $0.79 (Street at $0.80). We maintain our Hold due to uncertainty around the sustainable benefits from tuition cuts and new marketing efforts and growing competition, partially offset by an undemanding valuation.”

Capella Education closed on Tuesday at $33.99.

Latest Ratings for CPLA

DateFirmActionFromTo
Feb 2016Credit SuisseInitiates Coverage onOutperform
Oct 2015BMO CapitalMaintainsOutperform
Jul 2015Deutsche BankMaintainsHold

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Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

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