The stock of DeVry Education Group Inc (NYSE:DV) hit a new 52-week high and has $31.35 target or 7.00% above today’s $29.30 share price. The 5 months bullish chart indicates low risk for the $1.85 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $31.35 price target is reached, the company will be worth $129.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 315,864 shares traded hands. DeVry Education Group Inc (NYSE:DV) has risen 64.53% since April 21, 2016 and is uptrending. It has outperformed by 59.20% the S&P500.
Analysts await DeVry Education Group Inc (NYSE:DV) to report earnings on February, 2. They expect $0.71 EPS, up 4.41% or $0.03 from last year’s $0.68 per share. DV’s profit will be $44.83M for 10.32 P/E if the $0.71 EPS becomes a reality. After $0.45 actual EPS reported by DeVry Education Group Inc for the previous quarter, Wall Street now forecasts 57.78% EPS growth.
DeVry Education Group Inc (NYSE:DV) Ratings Coverage
Out of 7 analysts covering DeVry (NYSE:DV), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. DeVry has been the topic of 18 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, August 24 by Standpoint Research. The stock has “Market Perform” rating given by BMO Capital Markets on Friday, February 5. The company was initiated on Wednesday, February 3 by Credit Suisse. Credit Suisse downgraded DeVry Education Group Inc (NYSE:DV) on Thursday, June 2 to “Neutral” rating. The firm has “Neutral” rating by Compass Point given on Friday, February 5. Barrington Research upgraded DeVry Education Group Inc (NYSE:DV) on Monday, September 21 to “Outperform” rating. As per Friday, August 21, the company rating was upgraded by Standpoint Research. The firm has “Outperform” rating given on Wednesday, November 9 by Credit Suisse. Bank of America downgraded the stock to “Underperform” rating in Wednesday, April 20 report. As per Wednesday, August 26, the company rating was upgraded by Zacks.
According to Zacks Investment Research, “DeVry Education Group Inc. is a provider of educational services. The company operates various institutions that offer various degrees in a wide range of disciplines, including associate, bachelor’s and master’s degree programs in technology, healthcare technology, business and management, as well as online secondary education to school districts and medical education. DeVry Education Group Inc., formerly known as DeVry Inc., is headquartered in Downers Grove, Illinois.”
Insitutional Activity: The institutional sentiment decreased to 1.42 in Q2 2016. Its down 0.17, from 1.59 in 2016Q1. The ratio fall, as 20 funds sold all DeVry Education Group Inc shares owned while 49 reduced positions. 38 funds bought stakes while 72 increased positions. They now own 63.98 million shares or 1.93% less from 65.24 million shares in 2016Q1.
Barrow Hanley Mewhinney & Strauss Ltd Liability Co holds 0% of its portfolio in DeVry Education Group Inc (NYSE:DV) for 124,682 shares. Parametric Port Associate Ltd Liability Corporation last reported 0% of its portfolio in the stock. Clinton Grp last reported 0.05% of its portfolio in the stock. The Texas-based Teacher Retirement Of Texas has invested 0% in DeVry Education Group Inc (NYSE:DV). Blackrock Ltd reported 48,294 shares or 0% of all its holdings. Tudor Corporation Et Al has invested 0.02% of its portfolio in DeVry Education Group Inc (NYSE:DV). Aston Asset Management Limited Liability Company reported 91,184 shares or 0.99% of all its holdings. Jacobs Levy Equity Inc accumulated 0.11% or 306,004 shares. Wellington Management Grp Ltd Liability Partnership, a Massachusetts-based fund reported 139,003 shares. Invesco holds 0% or 66,115 shares in its portfolio. Dupont Capital, a Delaware-based fund reported 75,620 shares. Panagora Asset Mgmt Incorporated accumulated 2,746 shares or 0% of the stock. The Missouri-based Sterneck Ltd Liability Company has invested 0.57% in DeVry Education Group Inc (NYSE:DV). Retirement Of Alabama has 0.01% invested in the company for 72,852 shares. Blackrock accumulated 0% or 36,636 shares.
Insider Transactions: Since July 13, 2016, the stock had 1 insider buy, and 23 sales for $3.21 million net activity. LORAINE DONNA M also sold $47,886 worth of DeVry Education Group Inc (NYSE:DV) on Thursday, September 1. Shares for $6,784 were sold by International Value Advisers – LLC. $204,400 worth of shares were bought by WARDELL LISA W on Monday, August 22. TAYLOR RONALD L also sold $1.14 million worth of DeVry Education Group Inc (NYSE:DV) on Thursday, September 1. The insider Davis Gregory S sold $28,665. 13,600 shares were sold by Groenwald Susan, worth $346,487 on Thursday, August 18. 759 DeVry Education Group Inc (NYSE:DV) shares with value of $18,983 were sold by Riehs Steven.
Another recent and important DeVry Education Group Inc (NYSE:DV) news was published by Equitiesfocus.com which published an article titled: “DeVry Education Group Inc. (NYSE:DV) Fixes Dividend Payout At $0.18” on November 23, 2016.
DV Company Profile
DeVry Education Group Inc. (DeVry Group), incorporated on August 3, 1987, is a global well-known provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law. The Firm operates in three divisions: Medical and Healthcare; International and Professional Education, and Business, Technology and Management.
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