Deutsche Bank Starts Strayer Education (STRA) at Sell
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Price: $56.24 +1.48%
Rating Summary:
0 Buy, 13 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 24 | New: 29
Rating Summary:
0 Buy, 13 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 24 | New: 29
Trade STRA Now!
Deutsche Bank initiates coverage on Strayer Education (NASDAQ: STRA) with a Sell. PT $50.00.
The firm comments, "Strayer's corporate alliances and community college relationships provide the University with a high quality student, as shown by Strayer's better regulatory metrics. But Strayer's high tuition cost has forced it to start discounting to grow. We think discounting continues as new nonprofits come online and existing ones use their typically better brands and lower price points to gain share. Due to Strayer's premium valuation and our below consensus estimates, we initiate with a Sell and $50 price target."
For an analyst ratings summary and ratings history on Strayer Education click here. For more ratings news on Strayer Education click here.
Shares of Strayer Education closed at $69.42 yesterday, with a 52 week range of $62.81-$120.00.
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The firm comments, "Strayer's corporate alliances and community college relationships provide the University with a high quality student, as shown by Strayer's better regulatory metrics. But Strayer's high tuition cost has forced it to start discounting to grow. We think discounting continues as new nonprofits come online and existing ones use their typically better brands and lower price points to gain share. Due to Strayer's premium valuation and our below consensus estimates, we initiate with a Sell and $50 price target."
For an analyst ratings summary and ratings history on Strayer Education click here. For more ratings news on Strayer Education click here.
Shares of Strayer Education closed at $69.42 yesterday, with a 52 week range of $62.81-$120.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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