Career Education Corporation (CECO) Given $13.00 Consensus Price Target by Analysts
Career Education Corporation (NASDAQ:CECO) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Brokers have set a 1 year consensus target price of $13.00 for the company and are expecting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Career Education Corporation an industry rank of 69 out of 265 based on the ratings given to its competitors.
Several brokerages recently issued reports on CECO. BidaskClub cut shares of Career Education Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Piper Jaffray Companies reissued a “hold” rating and set a $13.00 target price on shares of Career Education Corporation in a report on Friday, July 21st.
Career Education Corporation (NASDAQ:CECO) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.06. The business had revenue of $145.00 million during the quarter, compared to analysts’ expectations of $149.10 million. Career Education Corporation had a negative net margin of 3.35% and a positive return on equity of 4.99%. The business’s quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter last year, the company posted $0.21 earnings per share. analysts expect that Career Education Corporation will post 0.18 earnings per share for the current year.
In related news, SVP John Robert Kline sold 2,700 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $12.12, for a total transaction of $32,724.00. Following the completion of the transaction, the senior vice president now owns 96,718 shares of the company’s stock, valued at $1,172,222.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.01% of the company’s stock.
Several institutional investors have recently modified their holdings of CECO. UBS Asset Management Americas Inc. raised its holdings in shares of Career Education Corporation by 36.9% during the first quarter. UBS Asset Management Americas Inc. now owns 29,157 shares of the company’s stock worth $254,000 after purchasing an additional 7,857 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Career Education Corporation during the first quarter worth $100,000. Principal Financial Group Inc. raised its holdings in shares of Career Education Corporation by 3.9% during the first quarter. Principal Financial Group Inc. now owns 503,362 shares of the company’s stock worth $4,379,000 after purchasing an additional 18,756 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Career Education Corporation by 1.9% during the first quarter. Legal & General Group Plc now owns 108,423 shares of the company’s stock worth $943,000 after purchasing an additional 2,039 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in shares of Career Education Corporation by 5.6% during the first quarter. Thrivent Financial For Lutherans now owns 36,440 shares of the company’s stock worth $317,000 after purchasing an additional 1,930 shares during the last quarter. 75.16% of the stock is owned by hedge funds and other institutional investors.
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About Career Education Corporation
Career Education Corporation, through its colleges, institutions and universities, offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning programs. The Company’s American InterContinental University (AIU) and Colorado Technical University (CTU) provide degree programs through the master’s or doctoral level as well as associate and bachelor’s levels.
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