Barrington Research Analysts Give Bridgepoint Education (BPI) a $15.00 Price Target

Bridgepoint Education (NYSE:BPI) has been assigned a $15.00 target price by equities research analysts at Barrington Research in a research report issued to clients and investors on Saturday. The brokerage presently has a “buy” rating on the stock. Barrington Research’s target price suggests a potential upside of 90.84% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Bridgepoint Education from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, October 9th. ValuEngine cut shares of Bridgepoint Education from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Finally, TheStreet cut shares of Bridgepoint Education from a “b-” rating to a “c+” rating in a report on Tuesday, November 27th.

Shares of BPI opened at $7.86 on Friday. Bridgepoint Education has a 1-year low of $5.31 and a 1-year high of $13.63. The stock has a market cap of $213.34 million, a price-to-earnings ratio of 13.32, a P/E/G ratio of 1.06 and a beta of 2.24.

Bridgepoint Education (NYSE:BPI) last announced its quarterly earnings results on Thursday, November 8th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.07. Bridgepoint Education had a net margin of 3.96% and a return on equity of 13.35%. The business had revenue of $114.86 million during the quarter, compared to analysts’ expectations of $117.25 million. During the same period last year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. Equities research analysts anticipate that Bridgepoint Education will post 0.75 EPS for the current year.

Several hedge funds have recently made changes to their positions in the stock. Engineers Gate Manager LP grew its holdings in shares of Bridgepoint Education by 22.9% in the second quarter. Engineers Gate Manager LP now owns 23,924 shares of the company’s stock valued at $156,000 after purchasing an additional 4,455 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Bridgepoint Education by 18.8% in the second quarter. First Trust Advisors LP now owns 31,000 shares of the company’s stock valued at $202,000 after purchasing an additional 4,914 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Bridgepoint Education by 36.5% in the third quarter. Bank of New York Mellon Corp now owns 27,066 shares of the company’s stock valued at $275,000 after purchasing an additional 7,232 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Bridgepoint Education by 1.3% in the second quarter. Millennium Management LLC now owns 609,077 shares of the company’s stock valued at $3,977,000 after purchasing an additional 7,855 shares in the last quarter. Finally, Trexquant Investment LP grew its holdings in shares of Bridgepoint Education by 108.5% in the third quarter. Trexquant Investment LP now owns 25,648 shares of the company’s stock valued at $261,000 after purchasing an additional 13,344 shares in the last quarter. Hedge funds and other institutional investors own 82.26% 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.

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