Zacks: Brokerages Set $14.00 Target Price for Bridgepoint Education Inc (BPI)

Shares of Bridgepoint Education Inc (NYSE:BPI) have earned an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Analysts have set a 12 month consensus target price of $14.00 for the company and are anticipating that the company will post $0.22 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bridgepoint Education an industry rank of 121 out of 255 based on the ratings given to related companies.

BPI has been the topic of several recent analyst reports. ValuEngine cut Bridgepoint Education from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Tuesday, April 24th.



Bridgepoint Education traded down $0.31, hitting $12.91, during trading hours on Friday, Marketbeat.com reports. 209,795 shares of the company traded hands, compared to its average volume of 652,519. Bridgepoint Education has a one year low of $5.31 and a one year high of $13.38. The stock has a market cap of $356.79 million, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.07 and a beta of 2.42.

Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings data on Wednesday, July 25th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.38. Bridgepoint Education had a return on equity of 12.93% and a net margin of 3.00%. The business had revenue of $120.80 million for the quarter, compared to analysts’ expectations of $114.30 million. During the same period last year, the business earned $0.21 EPS. The business’s revenue was down 3.0% on a year-over-year basis. equities research analysts forecast that Bridgepoint Education will post 0.64 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Schroder Investment Management Group raised its stake in shares of Bridgepoint Education by 8.5% during the 1st quarter. Schroder Investment Management Group now owns 3,467,557 shares of the company’s stock worth $23,371,000 after purchasing an additional 271,272 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Bridgepoint Education by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,124,741 shares of the company’s stock worth $13,875,000 after purchasing an additional 128,602 shares during the period. BlackRock Inc. raised its stake in shares of Bridgepoint Education by 31.5% during the 1st quarter. BlackRock Inc. now owns 1,585,066 shares of the company’s stock worth $10,682,000 after purchasing an additional 380,124 shares during the period. State Treasurer State of Michigan raised its stake in shares of Bridgepoint Education by 27.3% during the 1st quarter. State Treasurer State of Michigan now owns 1,353,331 shares of the company’s stock worth $9,121,000 after purchasing an additional 290,375 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Bridgepoint Education by 19.7% during the 4th quarter. Millennium Management LLC now owns 799,409 shares of the company’s stock worth $6,635,000 after purchasing an additional 131,623 shares during the period. Institutional investors and hedge funds own 81.95% of the company’s stock.

Bridgepoint Education Company Profile

Bridgepoint Education, Inc, together with its subsidiaries, provides postsecondary education services in the United States. Its academic institutions, Ashford University and University of the Rockies, offer associate's, bachelor's, master's, and doctoral degree programs in the disciplines of business, education, psychology, social sciences, and health sciences.

Featured Article: Earnings Per Share

Get a free copy of the Zacks research report on Bridgepoint Education (BPI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bridgepoint Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgepoint Education and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply