Corinthian Colleges Downgraded to “Sell” at Gabelli (COCO)
Corinthian Colleges (NASDAQ:COCO) was downgraded by analysts at Gabelli from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
Shares of Corinthian Colleges (NASDAQ:COCO) opened at 0.3354 on Friday. Corinthian Colleges has a 52 week low of $0.28 and a 52 week high of $2.75. The stock’s 50-day moving average is $0.89 and its 200-day moving average is $1.35. The company’s market cap is $29.4 million.
Corinthian Colleges (NASDAQ:COCO) last announced its earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.05 by $0.02. The company had revenue of $349.80 million for the quarter, compared to the consensus estimate of $355.13 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was down 11.6% on a year-over-year basis. On average, analysts predict that Corinthian Colleges will post $0.09 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on COCO. Analysts at Compass Point reiterated a “sell” rating on shares of Corinthian Colleges in a research note on Thursday. Separately, analysts at Zacks downgraded shares of Corinthian Colleges from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 7th. They now have a $1.10 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Corinthian Colleges from $1.00 to $0.75 in a research note on Wednesday, May 7th. They now have a “hold” rating on the stock. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Corinthian Colleges has an average rating of “Hold” and a consensus price target of $1.62.
Corinthian Colleges, Inc is a post-secondary education company in the United States and Canada. As of June 30, 2013, the Company had a student enrollment of 81,284 and operated 97 schools in 25 states, and 14 schools in the province of Ontario, Canada.
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