Market Overview

UPDATE: Bank of America Reiterates on DeVry Education Group Following Mixed Quarter Report

Related DV
Top 4 Mid-Cap Stocks In The Education & Training Services Industry With The Highest Operating Margin
Barrington Research Sees Mixed Q4 Results For DeVry Education

In a report published Wednesday, Bank of America analyst Sara Gubins reiterated a Neutral rating on DeVry Education Group (NYSE: DV), but lowered the price target from $42.00 to $40.00.

In the report, Bank of America noted, “DV reported another mixed quarter: weakness in the DeVry University (DVU) segment (56% of rev.) but resilience in the non-DVU base. DV undergrad starts declined 12% in Nov. & -7.9% in Jan. DV expects March start trends to improve but is uncertain about the trajectory despite a significantly easier comparison (-21.2% last year) & the scholarship reintroduction (up to $20k). Bachelors programs (eg APOL, STRA) continue to struggle more than lower degree verticals given competition from traditional schools in online and higher costs (longer duration).”

DeVery Education Group closed on Tuesday at $36.12.

Latest Ratings for DV

DateFirmActionFromTo
Aug 2014BarclaysMaintainsEqual-weight
Aug 2014Stifel NicolausMaintainsBuy
Aug 2014Stifel NicolausUpgradesHoldBuy

View More Analyst Ratings for DV
View the Latest Analyst Ratings

Posted-In: Bank of America Sara GubinsAnalyst Color Price Target Analyst Ratings

 

Related Articles (DV)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters