Education Management Corp. PT Raised to $18.00 at Barrington Research (EDMC)
Investment analysts at Barrington Research upped their price target on shares of Education Management Corp. (NASDAQ:EDMC) from $9.00 to $18.00 in a note issued to investors on Friday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. Barrington Research’s target price would indicate a potential upside of 23.46% from the stock’s previous close.
EDMC has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets downgraded shares of Education Management Corp. from a “market perform” rating to an “underperform” rating in a research note to investors on Friday. They now have a $10.00 price target on the stock, up previously from $7.00. Separately, analysts at Zacks upgraded shares of Education Management Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 16th. They now have a $11.60 price target on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.52.
Education Management Corp. (NASDAQ:EDMC) opened at 14.58 on Friday. Education Management Corp. has a 52-week low of $2.87 and a 52-week high of $16.94. The stock has a 50-day moving average of $10.84 and a 200-day moving average of $7.8. The company’s market cap is $1.817 billion.
Education Management Corp. (NASDAQ:EDMC) last announced its earnings results on Thursday, October 31st. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.09) by $0.02. The company had revenue of $580.40 million for the quarter, compared to the consensus estimate of $575.17 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, analysts predict that Education Management Corp. will post $0.26 earnings per share for the current fiscal year.
Education Management Corporation (NASDAQ:EDMC) is a provider of post-secondary education in North America, with approximately 151,200 enrolled students as of October 2011.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.