Career Education (NASDAQ:CECO) Rating Lowered to Buy at BidaskClub

BidaskClub downgraded shares of Career Education (NASDAQ:CECO) from a strong-buy rating to a buy rating in a research report report published on Tuesday, BidAskClub reports.

Other analysts have also recently issued reports about the stock. Barrington Research reissued a buy rating and set a $24.00 target price on shares of Career Education in a report on Tuesday, May 14th. TheStreet raised shares of Career Education from a c+ rating to a b rating in a report on Wednesday, April 17th. Sidoti set a $24.00 target price on shares of Career Education and gave the stock a buy rating in a report on Friday, June 7th. Zacks Investment Research raised shares of Career Education from a hold rating to a buy rating and set a $18.00 target price on the stock in a report on Friday, February 22nd. Finally, ValuEngine raised shares of Career Education from a hold rating to a buy rating in a report on Friday, February 22nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Career Education presently has a consensus rating of Buy and a consensus target price of $21.38.

Shares of NASDAQ:CECO opened at $19.56 on Tuesday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 1.37 and a beta of 1.62. Career Education has a 1-year low of $11.01 and a 1-year high of $20.39. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.04 and a current ratio of 3.05.



Career Education (NASDAQ:CECO) last issued its earnings results on Wednesday, May 8th. The company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. The company had revenue of $157.85 million for the quarter, compared to analysts’ expectations of $154.07 million. Career Education had a net margin of 10.57% and a return on equity of 21.14%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. As a group, equities research analysts anticipate that Career Education will post 1.17 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in CECO. Teachers Advisors LLC lifted its holdings in shares of Career Education by 11.8% in the third quarter. Teachers Advisors LLC now owns 235,854 shares of the company’s stock valued at $3,521,000 after purchasing an additional 24,873 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Career Education by 6.2% in the fourth quarter. Arizona State Retirement System now owns 107,431 shares of the company’s stock valued at $1,227,000 after purchasing an additional 6,288 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Career Education by 102.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 21,435 shares of the company’s stock valued at $245,000 after purchasing an additional 10,870 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Career Education by 21.5% in the fourth quarter. Rhumbline Advisers now owns 193,767 shares of the company’s stock valued at $2,213,000 after purchasing an additional 34,263 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Career Education by 10.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 56,892 shares of the company’s stock valued at $650,000 after purchasing an additional 5,364 shares in the last quarter. 82.94% of the stock is currently owned by institutional investors and hedge funds.

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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