Capella Education Company (CPLA) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Capella Education Company (NASDAQ:CPLA) from a buy rating to a hold rating in a report released on Tuesday, November 7th.

According to Zacks, “Capella’s third-quarter earnings surpassed the Zacks Consensus Estimate by 7.4%, while revenues missed the same by 1.4%. However, earnings declined 9.9% year over year. Revenues improved 1% from the year-ago level despite declining enrollment. Capella University’s total active enrollment declined 1.3% and new enrollment dropped 2.1% on a year-over-year basis. This apart, Strayer Education and Capella’s merger announcement hogged the limelight. The companies will combine in an all-stock deal of equal transactions, expected to close in the third quarter of 2018. Post completion, Capella’s shareholders will own approximately 48% of the combined company on a fully diluted basis. The merger is expected to ensure student success and positive employment outcomes.”

A number of other research firms have also recently issued reports on CPLA. Piper Jaffray Companies reissued a hold rating on shares of Capella Education in a research report on Wednesday, November 1st. Barrington Research reduced their price objective on Capella Education from $98.00 to $90.00 and set an outperform rating for the company in a research report on Tuesday, July 25th. BMO Capital Markets boosted their price target on Capella Education from $78.00 to $103.00 and gave the stock an outperform rating in a research report on Tuesday, October 31st. Finally, BidaskClub cut Capella Education from a sell rating to a strong sell rating in a research report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $92.20.

Shares of Capella Education (CPLA) remained flat at $$82.75 during midday trading on Tuesday. The company had a trading volume of 144,100 shares, compared to its average volume of 72,694. Capella Education has a one year low of $65.15 and a one year high of $99.25. The firm has a market cap of $945.62, a P/E ratio of 23.38, a P/E/G ratio of 2.73 and a beta of 0.39.

Capella Education (NASDAQ:CPLA) last issued its quarterly earnings results on Monday, October 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The company had revenue of $107.01 million for the quarter, compared to analysts’ expectations of $108.10 million. Capella Education had a return on equity of 19.21% and a net margin of 9.60%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $0.81 EPS. research analysts expect that Capella Education will post 3.56 earnings per share for the current year.

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A number of large investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new position in Capella Education during the 3rd quarter worth $220,000. Royce & Associates LP raised its position in shares of Capella Education by 4.4% during the 3rd quarter. Royce & Associates LP now owns 878,655 shares of the company’s stock valued at $61,638,000 after acquiring an additional 37,154 shares during the last quarter. OxFORD Asset Management LLP raised its position in shares of Capella Education by 267.1% during the 3rd quarter. OxFORD Asset Management LLP now owns 12,880 shares of the company’s stock valued at $910,000 after acquiring an additional 9,371 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Capella Education by 6.9% during the 3rd quarter. Wells Fargo & Company MN now owns 72,184 shares of the company’s stock valued at $5,064,000 after acquiring an additional 4,678 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Capella Education by 12.2% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 63,280 shares of the company’s stock valued at $4,439,000 after acquiring an additional 6,900 shares during the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Capella Education Company Profile

Capella Education Company is an education services company. The Company provides direct path between learning and employment through its online postsecondary education offerings and through programs to develop job-ready skills for demand markets. The company’s segments include post-secondary segment and job-ready skills segment.

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