DeVry, Inc. (DV)

Thu. September 11, 2008; Posted: 07:10 AM

Sep 11, 2008 (Zacks Investment Research via COMTEX) -- DV | Quote | Chart | News | PowerRating -- DeVry, Inc.'s management continues to execute well with the company reporting positive enrollment trends since its turnaround in fiscal 2006. In addition, the management is executing a five year strategic plan that focuses on four growth priorities in order to drive growth while maintaining the company's financial strength.

DeVry University is benefiting from strong enrollment growth and increased enrollments of online students. Total student enrollment growth for the 2008 summer term increased 12.6%. Finally, the ongoing real estate optimization strategy and incremental acquisitions are adding to the company's earnings potential. Therefore, the stock is upgraded to a Buy.

DeVry is currently trading at 31.4 times trailing 12-month EPS, reflecting the company's revenue and potential earnings growth profile since the turnaround. Over the last five years, the stock has traded in a wide P/E range of 13 to 60. However, excluding the low P/Es from the time of negative enrollment comparisons and excluding the high P/E on depressed earnings when the stock initially rallied on the announcement of the first positive enrollment comparison, the stock has traded in the P/E range of 30 to 52. The target price is $64.00, which is a 36 P/E multiple on 12-month trailing earnings.

The Bull of the Day is one of the latest Buy recommendations from Zacks Equity Research. Our team of analysts consistently identify stocks set to outperform the market over the next six months. Discover More Bull of the Day stocks.

For full details on Devry Inc (DV) click here. Devry Inc (DV) has Short Term PowerRatings of 5. Details on Devry Inc (DV) Short Term PowerRatings is available at This Link.

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