Strategic Education, Inc. (NASDAQ:STRA) Receives $126.00 Consensus Target Price from Analysts

Strategic Education, Inc. (NASDAQ:STRA) has received a consensus rating of “Buy” from the four analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have covered the stock in the last year is $126.00.

Several research analysts recently commented on the company. Truist Financial lowered their target price on Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Barrington Research reissued an “outperform” rating and set a $135.00 price objective on shares of Strategic Education in a research report on Thursday, November 7th. Finally, StockNews.com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, October 5th.

Institutional Investors Weigh In On Strategic Education

Several institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in Strategic Education in the second quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Strategic Education in the 3rd quarter valued at $37,000. Rothschild Investment LLC purchased a new position in shares of Strategic Education in the 2nd quarter valued at $38,000. Innealta Capital LLC acquired a new stake in Strategic Education during the 2nd quarter worth $38,000. Finally, Daiwa Securities Group Inc. lifted its position in Strategic Education by 46.3% in the second quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider’s stock valued at $44,000 after acquiring an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Strategic Education Price Performance

NASDAQ STRA opened at $92.56 on Friday. The company has a market cap of $2.27 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.38 and a beta of 0.59. Strategic Education has a 1-year low of $85.11 and a 1-year high of $123.62. The stock has a 50-day moving average of $95.58 and a two-hundred day moving average of $97.99.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.35. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm had revenue of $305.96 million for the quarter, compared to the consensus estimate of $301.62 million. During the same period in the prior year, the firm earned $0.97 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts anticipate that Strategic Education will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a $0.60 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.59%. Strategic Education’s payout ratio is currently 45.71%.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.