Career Education Corp. (NASDAQ:CECO) Receives $25.00 Average Target Price from Analysts

Career Education Corp. (NASDAQ:CECO) has earned a consensus recommendation of “Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $25.00.

Several equities research analysts recently weighed in on CECO shares. BidaskClub upgraded Career Education from a “sell” rating to a “hold” rating in a research note on Saturday. Sidoti set a $24.00 target price on Career Education and gave the stock a “buy” rating in a research note on Friday, June 7th. Barrington Research restated an “outperform” rating and set a $26.00 target price (up previously from $24.00) on shares of Career Education in a research note on Thursday, August 8th. TheStreet cut Career Education from a “b” rating to a “c+” rating in a research note on Thursday, August 8th. Finally, Zacks Investment Research cut Career Education from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th.

In other Career Education news, SVP David C. Czeszewski sold 15,278 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $21.31, for a total value of $325,574.18. Following the completion of the sale, the senior vice president now owns 128,409 shares in the company, valued at $2,736,395.79. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP John Robert Kline sold 4,789 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $19.63, for a total value of $94,008.07. Following the completion of the sale, the senior vice president now owns 170,999 shares of the company’s stock, valued at approximately $3,356,710.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,067 shares of company stock valued at $527,382. 5.58% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of CECO. C M Bidwell & Associates Ltd. purchased a new stake in Career Education in the second quarter valued at approximately $33,000. Daiwa Securities Group Inc. purchased a new stake in Career Education in the second quarter valued at approximately $80,000. Amalgamated Bank purchased a new stake in Career Education in the fourth quarter valued at approximately $125,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Career Education during the second quarter worth approximately $145,000. Finally, Nkcfo LLC purchased a new stake in shares of Career Education during the second quarter worth approximately $151,000. Institutional investors own 83.90% of the company’s stock.

CECO stock traded up $0.20 during trading on Friday, hitting $22.08. 443,900 shares of the company’s stock were exchanged, compared to its average volume of 513,453. The business has a 50-day moving average price of $19.76 and a two-hundred day moving average price of $17.87. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.17 and a beta of 1.56. Career Education has a 52-week low of $11.01 and a 52-week high of $22.26. The company has a current ratio of 2.50, a quick ratio of 2.49 and a debt-to-equity ratio of 0.11.

Career Education (NASDAQ:CECO) last posted its earnings results on Wednesday, August 7th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. The firm had revenue of $156.44 million during the quarter, compared to analysts’ expectations of $148.10 million. Career Education had a return on equity of 25.42% and a net margin of 8.78%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 earnings per share. On average, equities research analysts anticipate that Career Education will post 1.22 earnings per share 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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