Barrington Research reissued their buy rating on shares of Career Education (NASDAQ:CECO) in a report published on Tuesday morning, AnalystRatings.com reports. Barrington Research currently has a $24.00 price objective on the stock. Barrington Research also issued estimates for Career Education’s Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.25 EPS and Q4 2019 earnings at $0.25 EPS.
A number of other research firms also recently weighed in on CECO. TheStreet raised Career Education from a c+ rating to a b rating in a report on Wednesday, April 17th. Zacks Investment Research raised Career Education from a hold rating to a buy rating and set a $15.00 target price for the company in a report on Tuesday, January 29th. BidaskClub raised Career Education from a hold rating to a buy rating in a report on Monday, February 25th. Finally, ValuEngine raised Career Education from a hold rating to a buy rating in a report on Friday, February 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $20.50.
Career Education stock traded down $0.01 during mid-day trading on Tuesday, hitting $18.39. 3,809 shares of the company’s stock traded hands, compared to its average volume of 625,618. Career Education has a fifty-two week low of $11.01 and a fifty-two week high of $19.87. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 1.26 and a beta of 1.68. 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 (NASDAQ:CECO) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. Career Education had a return on equity of 21.14% and a net margin of 10.57%. The business had revenue of $157.85 million during the quarter, compared to the consensus estimate of $154.07 million. During the same quarter last year, the firm posted $0.28 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities analysts anticipate that Career Education will post 1.17 earnings per share for the current fiscal year.
In other news, SVP John Robert Kline sold 4,700 shares of Career Education stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $15.20, for a total transaction of $71,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.58% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. LS Investment Advisors LLC lifted its holdings in shares of Career Education by 7.9% during the first quarter. LS Investment Advisors LLC now owns 10,112 shares of the company’s stock worth $167,000 after buying an additional 741 shares in the last quarter. Mason Street Advisors LLC lifted its holdings in shares of Career Education by 3.4% during the first quarter. Mason Street Advisors LLC now owns 22,408 shares of the company’s stock worth $370,000 after buying an additional 744 shares in the last quarter. Barclays PLC raised its stake in Career Education by 1.0% in the fourth quarter. Barclays PLC now owns 78,943 shares of the company’s stock valued at $901,000 after purchasing an additional 760 shares in the last quarter. Rhumbline Advisers raised its stake in Career Education by 0.5% in the first quarter. Rhumbline Advisers now owns 194,691 shares of the company’s stock valued at $3,216,000 after purchasing an additional 924 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. raised its stake in Career Education by 5.6% in the first quarter. Piedmont Investment Advisors Inc. now owns 17,496 shares of the company’s stock valued at $289,000 after purchasing an additional 927 shares in the last quarter. 81.38% of the stock is owned by institutional investors.
About Career Education
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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