Barrington Believes Strategic Education Inc (NASDAQ: STRA) Still Has Room to Grow

By Austin Angelo

In a report released today, Alexander Paris from Barrington maintained a Buy rating on Strategic Education Inc (STRAResearch Report), with a price target of $185. The company’s shares closed yesterday at $183.58, close to its 52-week high of $186.95.

Paris wrote:

“We are reiterating our OUTPERFORM investment rating on this market leader. We will re‐evaluate our price target once the company reports second quarter results and we update our earnings model. Also, it should be noted that Strategic Education, Inc. will hold its first Investor and Analyst Day on Washington, D.C.”

According to TipRanks.com, Paris is a 4-star analyst with an average return of 6.7% and a 51.1% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Franklin Covey Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Strategic Education Inc with a $189.50 average price target.

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Based on Strategic Education Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $11.5 million. In comparison, last year the company had a net profit of $5.19 million.

Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock.

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Strategic Education, Inc. engages in the provision of educational services. It focuses on improving college affordability, student engagement and workforce readiness.