In a report released today, Alexander Paris from Barrington reiterated a Buy rating on American Public Education, with a price target of $40.00.
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Alexander Paris has given his Buy rating due to a combination of factors, including American Public Education’s strong third-quarter performance, which exceeded expectations. The company’s revenue and adjusted EBITDA both surpassed estimates, demonstrating robust financial health. Additionally, net income saw a significant increase, further reinforcing the positive outlook.
Despite the impact of the government shutdown on military registrations, the company has updated its full-year guidance, which remains strong. The stock is trading at a discount compared to its peers, and with the government shutdown nearing an end, there is an expectation for accelerated enrollment growth and margin expansion. These factors contribute to the reiteration of the OUTPERFORM rating and a recently raised 12-month price target of $40, indicating a potential upside of approximately 20%.
Paris covers the Consumer Defensive sector, focusing on stocks such as Stride, Lincoln Edu, and Perdoceo Education. According to TipRanks, Paris has an average return of 15.8% and a 64.88% success rate on recommended stocks.
In another report released today, Lake Street also reiterated a Buy rating on the stock with a $38.00 price target.