TheStreet cut shares of Perdoceo Education (NASDAQ:PRDO) from a b- rating to a c+ rating in a research report report published on Tuesday, TheStreetRatingsTable reports.
A number of other research firms have also commented on PRDO. BidaskClub upgraded Perdoceo Education from a hold rating to a buy rating in a research report on Wednesday, December 18th. Zacks Investment Research lowered Perdoceo Education from a strong-buy rating to a hold rating in a research report on Wednesday, January 8th. ValuEngine upgraded Perdoceo Education from a sell rating to a hold rating in a research report on Tuesday. Finally, Barrington Research restated a buy rating and set a $26.00 price target on shares of Perdoceo Education in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of Buy and an average target price of $22.33.
Shares of PRDO opened at $10.25 on Tuesday. Perdoceo Education has a 1 year low of $7.11 and a 1 year high of $22.50. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $14.17 and a 200-day simple moving average of $17.01. The stock has a market cap of $674.86 million, a PE ratio of 10.57, a PEG ratio of 0.44 and a beta of 1.60.
Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.05. The business had revenue of $158.43 million during the quarter, compared to analysts’ expectations of $149.73 million. Perdoceo Education had a return on equity of 25.48% and a net margin of 11.15%. Perdoceo Education’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. On average, sell-side analysts forecast that Perdoceo Education will post 1.45 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in PRDO. Nuveen Asset Management LLC bought a new position in Perdoceo Education in the 4th quarter valued at $25,107,000. SG Capital Management LLC boosted its position in Perdoceo Education by 95.0% in the 4th quarter. SG Capital Management LLC now owns 2,226,640 shares of the company’s stock valued at $40,948,000 after buying an additional 1,084,773 shares during the last quarter. Millennium Management LLC boosted its position in Perdoceo Education by 226.1% in the 3rd quarter. Millennium Management LLC now owns 1,024,596 shares of the company’s stock valued at $16,280,000 after buying an additional 710,414 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Perdoceo Education by 89.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,018,215 shares of the company’s stock valued at $18,725,000 after buying an additional 480,662 shares during the last quarter. Finally, FMR LLC boosted its position in Perdoceo Education by 13.9% in the 1st quarter. FMR LLC now owns 3,134,862 shares of the company’s stock valued at $51,788,000 after buying an additional 382,842 shares during the last quarter. Hedge funds and other institutional investors own 86.20% of the company’s stock.
Perdoceo Education Company Profile
Perdoceo 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. It operates through three segments: Colorado Technical University, American InterContinental University, and All Other Campuses.
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