Career Education Corp. (NASDAQ:CECO) has been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $22.38.
CECO has been the topic of several research reports. TheStreet upgraded shares of Social Reality from a “d+” rating to a “c-” rating in a research report on Wednesday, April 17th. BidaskClub downgraded shares of Waterstone Financial from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Sidoti set a $24.00 price target on shares of Career Education and gave the stock a “buy” rating in a research report on Friday, June 7th. Zacks Investment Research downgraded shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Barrington Research set a $5.00 price target on shares of Payment Data Systems and gave the stock a “buy” rating in a research report on Tuesday, May 14th.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new position in Career Education during the 4th quarter valued at about $120,000. Amalgamated Bank acquired a new position in Career Education during the 4th quarter valued at about $125,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Career Education by 107.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,860 shares of the company’s stock valued at $163,000 after purchasing an additional 5,101 shares during the period. LS Investment Advisors LLC lifted its position in Career Education by 7.9% during the 1st quarter. LS Investment Advisors LLC now owns 10,112 shares of the company’s stock valued at $167,000 after purchasing an additional 741 shares during the period. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Career Education during the 4th quarter valued at about $174,000. Institutional investors and hedge funds own 82.92% of the company’s stock.
Shares of CECO traded down $0.23 during trading hours on Tuesday, hitting $19.86. The stock had a trading volume of 322,117 shares, compared to its average volume of 394,400. The company’s fifty day moving average price is $19.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.05 and a quick ratio of 3.04. Career Education has a 52 week low of $11.01 and a 52 week high of $20.39. The stock has a market capitalization of $1.39 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.36 and a beta of 1.54.
Career Education (NASDAQ:CECO) last posted its earnings results on Wednesday, May 8th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Career Education had a net margin of 10.57% and a return on equity of 21.14%. The business had revenue of $157.85 million for the quarter, compared to analyst estimates of $154.07 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Career Education will post 1.17 EPS for the current fiscal year.
Career Education Company Profile
Career Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, campus based, and blended learning programs in the United States. The company operates through three segments: Colorado Technical University (CTU), American InterContinental University (AIU), and All Other Campuses.
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