Barrington Reaffirms Their Buy Rating on K12 Inc (LRN)

By Ryan Adsit

Barrington analyst Alexander Paris maintained a Buy rating on K12 Inc (LRNResearch Report) today and set a price target of $40. The company’s shares closed yesterday at $31.12.

According to TipRanks.com, Paris is a 4-star analyst with an average return of 6.1% and a 50.0% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.

K12 Inc has an analyst consensus of Moderate Buy, with a price target consensus of $40.

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Based on K12 Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $18.46 million. In comparison, last year the company had a net profit of $13.07 million.

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K12, Inc. engages in the provision of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools, and consumers. It offers online curriculum, software systems, and educational services designed to facilitate individualized learning for students primarily in kindergarten through 12th grade. The company was founded by Ronald J. Packard in 2000 and is headquartered in Herndon, VA.