BidaskClub Lowers Career Education (NASDAQ:CECO) to Sell
Several other equities research analysts also recently commented on CECO. Barrington Research reiterated a buy rating and set a $18.00 target price on shares of Career Education in a report on Thursday, February 21st. ValuEngine upgraded Career Education from a hold rating to a buy rating in a report on Friday, February 22nd. Zacks Investment Research upgraded 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. TheStreet upgraded Career Education from a c+ rating to a b rating in a report on Wednesday, April 17th. Finally, Sidoti set a $24.00 target price on Career Education and gave the company a buy rating in a report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $21.38.
Shares of NASDAQ:CECO opened at $18.55 on Friday. The stock has a market cap of $1.31 billion, a P/E ratio of 17.67, a P/E/G ratio of 1.28 and a beta of 1.62. 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 has a one year low of $11.01 and a one year high of $20.39. The company’s 50-day moving average is $19.01.
A number of hedge funds and other institutional investors have recently modified their holdings of CECO. Oregon Public Employees Retirement Fund acquired a new stake in Career Education during the 4th quarter valued at approximately $27,000. Hsbc Holdings PLC acquired a new stake in Career Education during the 4th quarter valued at approximately $120,000. Amalgamated Bank acquired a new stake in Career Education during the 4th quarter valued at approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Career Education by 107.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,860 shares of the company’s stock valued at $163,000 after purchasing an additional 5,101 shares in the last quarter. Finally, LS Investment Advisors LLC grew its stake in Career Education by 7.9% during the 1st quarter. LS Investment Advisors LLC now owns 10,112 shares of the company’s stock valued at $167,000 after purchasing an additional 741 shares in the last quarter. Hedge funds and other institutional investors own 82.94% 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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