On Wednesday, Deutsche Bank upgraded shares of DeVry Education Group Inc. DV to Buy from Hold and raised the price target to $55 from $47.
Analysts find that Devry will deliver multi-year double digit EBITDA and mid-teens EPS growth. Paul Ginocchio stated, “Strong healthcare segment growth and a commitment to maintain Business, Tech & Mgmt (BTM) segment profitability suggest multi-year double-digit EBITDA growth.”
Ginocchio also feels the Business, Technology & Management segment of the company is no longer a drag on overall EPS growth.
Lastly, Ginocchio stated, “we believe the growth and profitability in the company’s Medical & Healthcare segment, supported by steady growth trends in International & Professional Education, warrant a higher valuation.”
Shares of DeVry recently traded at $43.61 up 1.9 percent.
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