Barclays Capital Reaffirms Equalweight Rating on Career Education Corp. (CECO)

By admin | 6 years ago

Career Education Corp. (NASDAQ: CECO)‘s stock had its “equalweight” rating restated by equities researchers at Barclays Capital (NYSE: BCS) in a report issued on Monday.

Shares of Career Education Corp. opened at 6.47 on Monday. Career Education Corp. has a 52 week low of $6.22 and a 52 week high of $27.60. The company’s market cap is $435.0 million.

Career Education Corp. last announced its earnings results on Thursday, May 10th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.36. The company’s quarterly revenue was down 18.4% on a year-over-year basis. On average, analysts predict that Career Education Corp. will post $-0.17 earnings per share next quarter.

A number of other firms have also recently commented on CECO. Analysts at Bank of America (NYSE: BAC) cut their price target on shares of Career Education Corp. from $7.00 to $6.50 in a research note to investors on Monday. Separately, analysts at BMO Capital Markets upgraded shares of Career Education Corp. from an “underperform” rating to a “market perform” rating in a research note to investors on Monday. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of Career Education Corp. in a research note to investors on Friday.

Career Education Corporation (CEC), through colleges, schools and universities that are part of the CEC family, offers education to a diverse student population of over 116,000 students in a variety of career-oriented disciplines.

About the author