Career Education’s (CECO) Outperform Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Career Education (NASDAQ:CECO) in a report released on Friday morning, The Fly reports. They currently have a $22.00 price objective on the stock, up from their previous price objective of $18.00.

CECO has been the topic of a number of other research reports. BidaskClub cut Career Education from a buy rating to a hold rating in a report on Thursday, April 4th. Zacks Investment Research upgraded Career Education from a hold rating to a buy rating and set a $15.00 target price on the stock in a report on Wednesday, February 6th. Finally, ValuEngine upgraded Career Education from a hold rating to a buy rating in a report on Friday, February 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $20.13.

Shares of NASDAQ:CECO opened at $17.66 on Friday. The firm has a market capitalization of $1.24 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.26 and a beta of 1.67. Career Education has a 52 week low of $11.01 and a 52 week high of $19.07.



Career Education (NASDAQ:CECO) last announced its quarterly earnings data on Wednesday, February 20th. The company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. The business had revenue of $145.50 million during the quarter, compared to the consensus estimate of $144.63 million. Career Education had a return on equity of 19.78% and a net margin of 9.49%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. As a group, analysts expect that Career Education will post 1.13 EPS for the current year.

In related news, SVP Jeffrey David Ayers sold 10,918 shares of Career Education stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $12.79, for a total value of $139,641.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP John Robert Kline sold 4,700 shares of Career Education stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $15.20, for a total value of $71,440.00. The disclosure for this sale can be found here. Insiders sold 26,521 shares of company stock worth $352,820 in the last quarter. 5.58% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of CECO. SG Capital Management LLC acquired a new position in shares of Career Education during the fourth quarter worth about $12,005,000. BlackRock Inc. lifted its stake in shares of Career Education by 7.9% during the third quarter. BlackRock Inc. now owns 10,104,062 shares of the company’s stock worth $150,854,000 after purchasing an additional 742,938 shares in the last quarter. FMR LLC lifted its stake in shares of Career Education by 41.0% during the third quarter. FMR LLC now owns 2,366,933 shares of the company’s stock worth $35,338,000 after purchasing an additional 687,761 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new position in shares of Career Education during the fourth quarter worth about $27,000. Finally, Vanguard Group Inc lifted its stake in shares of Career Education by 6.4% during the third quarter. Vanguard Group Inc now owns 4,188,013 shares of the company’s stock worth $62,526,000 after purchasing an additional 253,599 shares in the last quarter. Institutional investors own 80.96% of the company’s stock.

About Career Education

Career Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, campus based, and blended learning programs in the United States. The company operates through three segments: Colorado Technical University (CTU), American InterContinental University (AIU), and All Other Campuses.

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