Zacks Investment Research upgraded shares of Bridgepoint Education (NYSE:BPI) from a hold rating to a buy rating in a report published on Tuesday. The firm currently has $11.00 target price on the stock.
According to Zacks, “Bridgepoint Education, Inc. provides postsecondary education services. It offers associate’s, bachelor’s, master’s, and doctoral programs in the disciplines of business, education, psychology, social sciences, and health sciences. The Company delivers its programs online, as well as at its traditional campuses located in Clinton, Iowa and Colorado Springs, Colorado. Headquartered in San Diego, California, the company was founded on the principle that those who are academically prepared deserve access to an affordable higher education without sacrificing quality, transferability of credits, accessibility and academic standards. “
A number of other equities analysts have also recently weighed in on the stock. ValuEngine cut shares of Bridgepoint Education from a hold rating to a sell rating in a research report on Thursday, September 27th. Barrington Research reissued a buy rating and issued a $15.00 price objective on shares of Bridgepoint Education in a research report on Wednesday, September 12th. Finally, TheStreet raised shares of Bridgepoint Education from a c rating to a b- rating in a research report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Bridgepoint Education presently has a consensus rating of Hold and a consensus price target of $13.00.
Shares of NYSE BPI opened at $9.45 on Tuesday. Bridgepoint Education has a 12-month low of $5.31 and a 12-month high of $13.63. The firm has a market capitalization of $274.20 million, a P/E ratio of 16.02, a P/E/G ratio of 1.59 and a beta of 2.45.
Bridgepoint Education (NYSE:BPI) last announced its quarterly earnings results on Wednesday, July 25th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.38. Bridgepoint Education had a return on equity of 12.93% and a net margin of 3.00%. The firm had revenue of $120.80 million during the quarter, compared to the consensus estimate of $114.30 million. During the same period in the prior year, the firm earned $0.21 EPS. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. Equities analysts anticipate that Bridgepoint Education will post 0.64 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. Engineers Gate Manager LP boosted its position in Bridgepoint Education by 22.9% in the 2nd quarter. Engineers Gate Manager LP now owns 23,924 shares of the company’s stock valued at $156,000 after buying an additional 4,455 shares during the last quarter. First Trust Advisors LP boosted its position in Bridgepoint Education by 18.8% in the 2nd quarter. First Trust Advisors LP now owns 31,000 shares of the company’s stock valued at $202,000 after buying an additional 4,914 shares during the last quarter. A.R.T. Advisors LLC boosted its position in Bridgepoint Education by 90.7% in the 1st quarter. A.R.T. Advisors LLC now owns 36,593 shares of the company’s stock valued at $246,000 after buying an additional 17,400 shares during the last quarter. California State Teachers Retirement System boosted its position in Bridgepoint Education by 35.4% in the 1st quarter. California State Teachers Retirement System now owns 39,974 shares of the company’s stock valued at $269,000 after buying an additional 10,445 shares during the last quarter. Finally, LMR Partners LLP purchased a new position in Bridgepoint Education in the 2nd quarter valued at about $302,000. 77.72% of the stock is owned by institutional investors.
Bridgepoint Education Company Profile
Bridgepoint Education, Inc, together with its subsidiaries, provides postsecondary education services in the United States. Its academic institutions, Ashford University and University of the Rockies, offer associate's, bachelor's, master's, and doctoral degree programs in the disciplines of business, education, psychology, social sciences, and health sciences.
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