Barrington Reiterates a Buy Rating on BridgePoint Edu (BPI)

Barrington analyst Alexander Paris reiterated a Buy rating on BridgePoint Edu (NYSE: BPI) today and set a price target of $15. The company’s shares opened today at $10.53.

Paris wrote:

“We attribute recent weakness in BPI’s shares to profit taking, given its strong performance and no change in its fundamental or outlook. 3.5x our 2018 and 2019 EBITDA estimates (pre conversion), a significant discount to the peer group average of 10.3x/8.6x, we are reiterating our OUTPERFORM investment rating. Our 12‐month price target of $15, which represents nearly 50% upside from current levels, will likely move to $20 or more, once the conversion is complete, given the higher growth and earnings assumptions.”

According to, Paris is a 4-star analyst with an average return of 12.5% and a 59.4% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Franklin Covey Company.

BridgePoint Edu has an analyst consensus of Moderate Buy, with a price target consensus of $14.

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The company has a one-year high of $13.63 and a one-year low of $5.31. Currently, BridgePoint Edu has an average volume of 404K.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BPI in relation to earlier this year.

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Bridgepoint Education, Inc. provides postsecondary education services. Through Ashford University and University of the RockiesSM, it offers online programs such as contemporary college experience. Its services also include mobile and other learning platform for students.