In a report published Wednesday, BMO Capital Markets analyst Jeffrey M. Silber reiterated a Market Perform rating on Capella Education Company CPLA, and raised the price target from $31.00 to $36.00.
In the report, Silber noted, “This is a follow-up to this morning's release of 2Q13 EPS of $0.70 versus $0.82, well above the consensus and our $0.62 estimates and implied guidance of $0.59-$0.64. While management does not provide explicit EPS guidance, its implied 2Q13 EPS guidance of $0.61-$0.67 (by our calculations) was just below the prior consensus $0.68 estimate, but included our $0.67 estimate at the high end.”
Capella Education Company closed on Tuesday at $34.95.
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