Career Education Corp. (NASDAQ:CECO) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus target price of $10.00 for the company and are predicting that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also given Career Education Corp. an industry rank of 81 out of 265 based on the ratings given to its competitors.
Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 target price on shares of Career Education Corp. in a research report on Tuesday, February 14th.
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Several hedge funds and other institutional investors have recently modified their holdings of CECO. Allianz Asset Management AG acquired a new position in shares of Career Education Corp. during the fourth quarter worth approximately $470,000. Federated Investors Inc. PA raised its position in shares of Career Education Corp. by 279.3% in the fourth quarter. Federated Investors Inc. PA now owns 36,349 shares of the company’s stock worth $367,000 after buying an additional 26,766 shares during the period. Bogle Investment Management L P DE raised its position in shares of Career Education Corp. by 23.1% in the fourth quarter. Bogle Investment Management L P DE now owns 302,143 shares of the company’s stock worth $3,048,000 after buying an additional 56,712 shares during the period. James Investment Research Inc. acquired a new position in shares of Career Education Corp. during the first quarter worth approximately $2,857,000. Finally, Oxford Asset Management raised its position in shares of Career Education Corp. by 2.4% in the fourth quarter. Oxford Asset Management now owns 538,572 shares of the company’s stock worth $5,434,000 after buying an additional 12,568 shares during the period. 71.36% of the stock is currently owned by institutional investors.
Career Education Corp. (NASDAQ:CECO) traded up 2.41% during trading on Thursday, reaching $10.63. 334,663 shares of the company were exchanged. The stock’s market capitalization is $733.77 million. Career Education Corp. has a 52-week low of $5.32 and a 52-week high of $12.59. The firm’s 50 day moving average is $9.31 and its 200 day moving average is $9.24.
Career Education Corp. (NASDAQ:CECO) last issued its earnings results on Wednesday, May 3rd. The company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Career Education Corp. had a return on equity of 45.37% and a net margin of 20.94%. The firm had revenue of $162.11 million for the quarter. Analysts expect that Career Education Corp. will post $0.01 EPS for the current year.
About Career Education Corp.
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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