Corinthian Colleges Price Target Lowered to $1.00 at Deutsche Bank (COCO)
Research analysts at Deutsche Bank reduced their price objective on shares of Corinthian Colleges (NASDAQ:COCO) from $1.75 to $1.00 in a report released on Thursday, AnalystRatingsNetwork.com reports. Deutsche Bank’s price objective points to a potential downside of 23.08% from the stock’s previous close.
A number of other firms have also recently commented on COCO. Analysts at Zacks upgraded shares of Corinthian Colleges from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $1.70 price target on the stock. Analysts at Thomson Reuters/Verus downgraded shares of Corinthian Colleges from a “hold” rating to a “sell” rating in a research note to investors on Monday, November 25th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $1.68.
Corinthian Colleges (NASDAQ:COCO) remained flat at $1.30 during trading on Thursday. 1,435,403 shares of the company’s stock traded hands. Corinthian Colleges has a 1-year low of $1.28 and a 1-year high of $2.97. The stock has a 50-day moving average of $1.64 and a 200-day moving average of $2.00. The company’s market cap is $113.2 million.
Corinthian Colleges (NASDAQ:COCO) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.03. The company had revenue of $369.90 million for the quarter, compared to the consensus estimate of $373.41 million. During the same quarter last year, the company posted $0.05 earnings per share. Corinthian Colleges’s revenue was down 8.9% compared to the same quarter last year. Analysts expect that Corinthian Colleges will post $0.02 EPS for the current fiscal year.
Corinthian Colleges, Inc (NASDAQ:COCO) is a post-secondary education companies in the United States.
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