Credit Suisse Downgrades Capella Education (CPLA) to Neutral on Valuation

November 18, 2016 6:27 AM EST
Get Alerts CPLA Hot Sheet
Price: $85.80 +1.60%

Rating Summary:
    5 Buy, 13 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Credit Suisse downgraded Capella Education (NASDAQ: CPLA) from Outperform to Neutral with a price target of $85.00 (from $76.00), citing valuation.

Analyst Trace Urdan commented, "We are downgrading our rating of Capella shares to Neutral from Outperform based on valuation. We acknowledge the re-rating that has taken place in the For-Profit School sector following the national election. The prospect of an improving regulatory environment makes the stocks broadly investible again and, as lender nerves are eased, could even make go-private transactions newly tenable. However at a 26% premium to the S&P PE multiple, we think the shares could take a breather while the company earns its way into its new valuation."

For an analyst ratings summary and ratings history on Capella Education click here. For more ratings news on Capella Education click here.

Shares of Capella Education closed at $85.35 yesterday.

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