Career Education (NASDAQ:CECO)‘s stock had its “buy” rating restated by research analysts at Barrington Research in a report released on Tuesday, AnalystRatings.com reports. They currently have a $24.00 price objective on the stock. Barrington Research’s price target would indicate a potential upside of 30.51% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. TheStreet upgraded shares of Career Education from a “c+” rating to a “b” rating in a report on Wednesday, April 17th. Zacks Investment Research upgraded shares of Career Education from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, January 29th. BidaskClub upgraded shares of Career Education from a “hold” rating to a “buy” rating in a report on Monday, February 25th. Finally, ValuEngine upgraded 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 four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $20.50.

Shares of CECO opened at $18.39 on Tuesday. The firm has a market capitalization of $1.30 billion, a P/E ratio of 17.56, a PEG ratio of 1.27 and a beta of 1.68. Career Education has a one year low of $11.01 and a one year high of $19.87. The company has a current ratio of 3.05, a quick ratio of 3.04 and a debt-to-equity ratio of 0.12.

Career Education (NASDAQ:CECO) last announced its earnings results on Wednesday, May 8th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. The firm had revenue of $157.85 million for the quarter, compared to the consensus estimate of $154.07 million. Career Education had a net margin of 10.57% and a return on equity of 21.14%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. On average, research analysts expect that Career Education will post 1.17 EPS for the current fiscal year.

In other news, SVP John Robert Kline sold 4,700 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $15.20, for a total transaction of $71,440.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.58% of the company’s stock.

Large investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC increased its holdings in shares of Career Education by 50.6% during the 3rd quarter. MetLife Investment Advisors LLC now owns 46,908 shares of the company’s stock worth $700,000 after purchasing an additional 15,758 shares during the period. Hsbc Holdings PLC bought a new position in shares of Career Education during the 4th quarter worth about $120,000. LS Investment Advisors LLC increased its holdings in shares of Career Education by 373.0% during the 4th quarter. LS Investment Advisors LLC now owns 9,371 shares of the company’s stock worth $107,000 after purchasing an additional 7,390 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Career Education by 6.7% during the 4th quarter. State of Alaska Department of Revenue now owns 23,273 shares of the company’s stock worth $265,000 after purchasing an additional 1,470 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Career Education by 6.4% during the 3rd 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 during the period. Institutional investors own 81.38% of the company’s stock.

Career Education Company Profile

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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