Stride (NYSE:LRN) PT Raised to $73.00 at BMO Capital Markets

Stride (NYSE:LRN) had its price target hoisted by equities research analysts at BMO Capital Markets from $72.00 to $73.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 8.83% from the company’s current price.

LRN has been the subject of a number of other reports. Barrington Research reissued an “outperform” rating and set a $75.00 price target on shares of Stride in a research note on Wednesday. Citigroup increased their price target on Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, January 29th. StockNews.com raised Stride from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. Morgan Stanley increased their price target on Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Wedbush reaffirmed an “outperform” rating on shares of Stride in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Stride presently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Stride Stock Performance

NYSE LRN opened at $67.08 on Thursday. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 0.73 and a beta of 0.26. The company has a quick ratio of 4.44, a current ratio of 4.29 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $60.45 and a 200-day moving average price of $58.34. Stride has a twelve month low of $35.61 and a twelve month high of $69.70.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.13. Stride had a return on equity of 18.29% and a net margin of 9.29%. The company had revenue of $520.84 million during the quarter, compared to analyst estimates of $507.89 million. During the same period in the prior year, the company earned $1.30 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts predict that Stride will post 4.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Stride

Institutional investors have recently modified their holdings of the stock. Ronald Blue Trust Inc. raised its holdings in shares of Stride by 348.1% in the third quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock worth $26,000 after buying an additional 449 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Stride in the fourth quarter worth approximately $29,000. McIlrath & Eck LLC purchased a new stake in shares of Stride in the third quarter worth approximately $31,000. Strs Ohio purchased a new stake in shares of Stride in the fourth quarter worth approximately $47,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Stride in the fourth quarter worth approximately $65,000. 98.24% of the stock is owned by institutional investors.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.