DeVry, Inc. is now known as
DeVry Education Group Inc.
); the name change intended to highlight the post-secondary
education service providers' diversified academic program
portfolio. The company announced its plans to change its name in
August this year.
The Illinois-based company offers a diversified group of
programs through its subsidiaries - American University of the
Caribbean, Becker Professional Education, Carrington College and
Carrington College California, Chamberlain College of Nursing,
DeVry Brasil, DeVry University (including Keller Graduate School
of Management) and Ross University.
A few years back, the company was heavily focused on
technology programs through DeVry University, one of the largest
private, degree-granting, regionally accredited, higher education
institution in North America. With the downturn in the technology
sector, the company has shifted its focus toward creating a
diversified group of institutions, which offer other higher
demand programs and courses. The company now offers a balanced
portfolio of programs in the fields of business, healthcare and
technology and also serves accounting and finance
The diversified offering of academic programs gives the
company a competitive advantage. Diversification mitigates the
company's risks while driving growth and attracting and
developing talent across DeVry by offering a broader range of
career opportunities. Geographically, also, DeVry is quite
diversified with almost one-fifth of its revenues coming from
outside the U.S., mainly from DeVry Brasil. In fact, DeVry's
healthcare (Chamberlain, Carrington and Ross) and international
institutions have shown significant improvement in revenues and
profitability in all the quarters of fiscal 2013. This
improvement has made up for the sluggish enrollment trends at the
flagship DeVry University.
Other Stocks to Consider
DeVry carries a Zacks Rank #3 (Hold). Some other schools that
are doing well and can be considered include
Xueda Education Group.
New Oriental Education & Technology Group
ITT Educational Services Inc.
). All the three companies carry a Zacks Rank #1 (Strong
DEVRY EDUCATION (DV): Free Stock Analysis
NEW ORIENTAL ED (EDU): Free Stock Analysis
ITT EDUCATIONAL (ESI): Free Stock Analysis
XUEDA EDUC-ADR (XUE): Free Stock Analysis
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