This company provides post-secondary education services for working adults. It offers undergraduate and graduate degree programs in various fields of business administration, accounting, information technology, education, health services administration, public administration and criminal justice. The shares were just upgraded to a Strong Buy by Zack’s Equity Research.
Strayer Education (STRA)
from Shortex Market Letter
Strayer Education (STRA)
52 week high 58.55, 52 week low 33.51
Market Cap: $517.25 million, EPS:1.55, P/E: 31.92
Strayer is a provider of for-profit education industry. Fourth quarter earnings were $1.32/share, which surpassed consensus of 98c/share, and down from $1.47/share a year ago. Revenue for the quarter fell 13% to $124.1 million vs. the consensus of $119 million, despite a 2% decline in new enrollment and 15% increase in graduate classes. Weak enrollment to continue.
Reversal with heavy volume: breakout through primary resistance @ (36-38) and secondary resistance @ (43-46). Expect correction/retraction in coming sessions.
BUYING RANGE: 45-51
NEAR TERM OBJECTIVE: 63
INTER MED OBJECTIVE: 71
STOP LOSS: 42
Joseph Parnes, Shortex Market Letter, www.shortex.com, 800-877-6555, February 26, 2014