DeVry Education Group Inc. (DV) Shares Active after Upgrade at First Analysis

DeVry Education Group Inc. (NYSE: DV) shares rose in value Wednesday Dec 14 with lower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.

Meanwhile, U.S. equities traded mostly lower on Wednesday as investors awaited the Federal Reserve’s latest decision regarding monetary policy.

The Dow Jones industrial average traded 35 points lower, with Goldman Sachs contributing the most losses. The S&P 500 traded 0.1 percent lower, with financials leading decliners. The Nasdaq composite, meanwhile, held flat.

Analysts at First Analysis upgraded shares of DeVry Education Group Inc. (NYSE: DV) from Equal Weight to Overweight today. With a rating of Overweight on the shares, DeVry Education Group Inc. has a 52-week high of $32.45. A number of other analysts have issued reports on the stock in recent days, and the company has secured a consensus one-year price target of $28.50, lower than the opening price of $32.15, a difference of 9.07 percent. Typically, after analysts issue an upgrade report on a stock, they will later issue other updates, such as a price target change.

Shares of DeVry Education Group Inc. (NYSE: DV) opened at $32.15 on Tuesday and has traded in a range between, $31.35 and $32.45, and last traded at $31.43, which is an increase of $0.58 or 1.86% from the previous closing price.

DeVry Education Group Inc. (NYSE: DV) now has a market cap of 1.97B.

DeVry Education Group Inc. (NYSE: DV) Average Daily Trading Volume

The stock’s average daily volume is 760,527 shares out of a total float 58,236,000 and some 112,549 shares crossed the trading desk yesterday, below the average. Investors often use swings in trading volume to pinpoint heavy volume accumulation or distribution by institutional investors, so look for trading volume to pick up in the coming days.

While an increase in trading for one day will not mean much, conversely, a trend of heavy trading volume on the buy side over a series of days or weeks delivers a positive signal to market traders that institutions may be moving in, so institutional sponsorship is crucial.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Professional investors such as these retain teams of analysts researching thousands of stocks. Thus, watching their interests is a good way to make sure you are buying the right stocks.

DeVry Education Group Inc. (NYSE: DV) Moving Averages

A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

This is because the average acts like a floor (support), so the price bounces up off of it.

In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.

By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more useful choices on trades.

With that in mind, DeVry Education Group Inc. (NYSE: DV) now has a 50-day MA of $27.31 and 200-day MA of $22.81. It has traded in a 52-week range between $15.36 – 32.450 and today’s last price is 3.16%% lower than the 52 week high of $32.45.

Earnings growth is a crucial factor to research when buying stocks and investors identify companies that have grown their earnings by at least 25% over the past 3 years.

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