In a report released today, Alexander Paris from Barrington reiterated a Buy rating on K12 Inc (NYSE: LRN), with a price target of $22. The company’s shares closed on Friday at $16.92.
Paris noted:
“We are reiterating our OUTPERFORM rating and our price target of $22, which conservatively assumes a less than 5x multiple on forward adjusted EBITDA, representing 30% upside from current levels.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 13.4% and a 59.9% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Franklin Covey Company.
K12 Inc has an analyst consensus of Moderate Buy, with a price target consensus of $22.
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K12 Inc’s market cap is currently $669.5M and has a P/E ratio of 25.25. The company has a Price to Book ratio of 1.14.
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K12, Inc. engages in the provision of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools, and consumers. It offers online curriculum, software systems, and educational services designed to facilitate individualized learning for students primarily in kindergarten through 12th grade. The company was founded by Ronald J. Packard in 2000 and is headquartered in Herndon, VA.
