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News Breaks | | | | March 5, 2013 | | 10:19 EDT |  | APOL, COCO, LINC, NAUH, LOPE, ESI, STRA, BPI, EDMC, CECO, APEI, DV | Apollo Group rallies after Deutsche Bank upgrade
For-profit education company Apollo Group (APOL) is climbing after Deutsche Bank analyst Paul Ginocchio upgraded the stock to Hold from Sell in a note to investors earlier today. The valuation of University of Phoenix students reflected by the stock has reached "pretty distressed levels," wrote the analyst. Even if the company's enrollment trends deteriorate farther, the stock is unlikely to fall much below current levels, the analyst believes. The company's Learning Management System - which uses advanced computer learning features to adapt teaching methods to individual students - is worth $2-$6 per share, Ginocchio contends. This system and the company's cash justify a share price of $10-$16 without factoring in the University of Phoenix, the analyst wrote. Finally, the changes that Apollo must make to retain accreditation from the Higher Learning Commission should not significantly lower the company's enrollment trends or increase its costs, added Ginocchio, who retained a $17 price target on the shares. In mid-morning trading, Apollo Group jumped 85c, or 5% to $17. Other for-profit education companies also advanced, with ITT Educational (ESI) gaining 3% to $12.75, Grand Canyon (LOPE) rising 1.7% to $23.45, and Strayer (STRA) climbing 1.2% to $47.50. | |
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News For APOL;APEI;CECO;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV From The Last 14 Days Check below for free stories on APOL;APEI;CECO;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV the last two weeks. |
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| May 8, 2013 | | 13:59 EDT | | LINC, EDMC, APOL, COCO, ESI, LOPE, NAUH, CECO, APEI, BPI, STRA, DV | For-profit education stocks rally after Grand Canyon results
 Subscribe for More Information | | | May 7, 2013 | | 16:35 EDT | | LOPE | Grand Canyon increases share repurchase authorization by $25M
The company announced that the board has increased the authorization under its existing stock repurchase program by $25M and extended the expiration date on the repurchase authorization to September 30, 2014. | | | 16:34 EDT |  | LOPE | Grand Canyon sees FY13 EPS $1.76-$1.79, consensus $1.72
Subscribe for More Information | | | 16:34 EDT | | LOPE | Grand Canyon sees Q4 EPS 48c-49c
Sees Q4 revenue $153.5M-$156M. | | | 16:33 EDT | | LOPE | Grand Canyon sees Q3 EPS 43c-44c
Sees Q3 revenue $145M-$147M | | | 16:33 EDT | | LOPE | Grand Canyon sees Q2 EPS 39c-40c, consensus 39c
Subscribe for More Information | | | 16:32 EDT | | LOPE | Grand Canyon reports Q1 EPS ex-charges 43c, consensus 39c
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