Deutsche Bank Starts Bridgepoint Education (BPI) at Hold; Rising Competition and Reliance on Purchased Leads
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Price: $20.24 -0.78%
Rating Summary:
4 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank initiates coverage on Bridgepoint Education (NYSE: BPI) with a Hold. PT $25.00.
Analyst, Paul Ginocchio, said, "Despite BPI’s low relative valuation and significant cash ($8/share) on the balance sheet, we are initiating with a Hold rating. We believe that BPI’s high exposure to purchased leads makes its new enrollment stream more risky, and that BPI’s historically lower tuition price differentiation is being eroded by the growth of lower cost competitors. We think these risks offset the low relative valuation, thus our Hold rating."
For an analyst ratings summary and ratings history on Bridgepoint Education click here. For more ratings news on Bridgepoint Education click here.
Shares of Bridgepoint Education closed at $24.75 yesterday.
Analyst, Paul Ginocchio, said, "Despite BPI’s low relative valuation and significant cash ($8/share) on the balance sheet, we are initiating with a Hold rating. We believe that BPI’s high exposure to purchased leads makes its new enrollment stream more risky, and that BPI’s historically lower tuition price differentiation is being eroded by the growth of lower cost competitors. We think these risks offset the low relative valuation, thus our Hold rating."
For an analyst ratings summary and ratings history on Bridgepoint Education click here. For more ratings news on Bridgepoint Education click here.
Shares of Bridgepoint Education closed at $24.75 yesterday.
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