Market Overview

UPDATE: Goldman Sachs Reduces PT to $52 on Strayer Education on Volatile Enrollment

Share:
Related STRA
SEC Charges ITT Educational Services Executives With Fraud, Peers Trading Lower
US Stock Futures Jump Ahead Of ADP Report

Goldman Sachs reiterated its Neutral rating on Strayer Education (NASDAQ: STRA) and lowered its price target from $80 to $52.

Goldman Sachs said, "Following Strayer's disappointing 4Q and 2013 outlooks, we lower our estimates to reflect 1) softer enrollment trends owing to new deceleration and no 2013 campus growth, 2) a higher than anticipated cost base, and 3) uncertainty around capital returns on an elimination of the dividend in 2013 and another quarter of no buyback activity. Our FY12/13/14 EPS lower to $5.73 / $4.71 / $4.98 from $5.92 / $5.82 / $7.82. We factor 2% yoy new student growth in FY13 with flat revenue per student, given continued mix shift towards graduate students."

Strayer Education closed at $46.51 on Friday.

Latest Ratings for STRA

DateFirmActionFromTo
May 2015Deutsche BankMaintainsHold
Nov 2014JP MorganMaintainsNeutral
Aug 2014Piper JaffrayUpgradesUnderweightNeutral

View More Analyst Ratings for STRA
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (STRA)

Around the Web, We're Loving...