Barrington lowered the firm’s price target on Strategic Education (STRA) to $120 from $135 and keeps an Outperform rating on the shares. Q4 adjusted EBITDA and EPS were above expectations, though revenue and enrollment were below, sending the stock down 17% as of the firm’s note, the analyst points out. After today’s selloff, the stock is trading at a discount to its postsecondary education peer group, the analyst noted.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STRA:
- Strategic Education reports Q4 adjusted EPS $1.27, consensus $1.24
- STRA Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Trump Trade: Canada reaches deal with U.S. to pause tariffs for 30 days
- White House considering actions to dismantle Education Department, WSJ reports