Barclays Capital (BCS) Analysts Lower Price Target on Education Management Corp (EDMC) to $24.00
Wednesday, August 24, 2021 2:55 PM



Equities research analysts at Barclays Capital (NYSE: BCS) lowered their price target on shares of Education Management Corp (NASDAQ: EDMC) from $27.00 to $24.00 in a research note to investors on Wednesday. The analysts currently have an "overweight" rating on the stock.

Separately, analysts at Wunderlich initiated coverage on shares of Education Management Corp in a research note to investors on Friday, August 19th. They set a "buy" rating and a $20.00 price target on the stock. Also, analysts at Piper Jaffray (NYSE: PJC) raised their price target on shares of Education Management Corp to $22.00 in a research note to investors on Monday, June 13rd.

Shares of Education Management Corp traded down 1.50% during mid-day trading on Thursday, hitting $16.41. Education Management Corp has a 52 week low of $7.76 and a 52 week high of $28.61. The stock's 50-day moving average is $21.72 and its 200-day moving average is $21.04. The company has a market cap of $2.186 billion and a price-to-earnings ratio of 10.04.

Education Management Corp last announced its quarterly results on Wednesday, August 3rd. The company reported $0.26 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.27 EPS by $0.01. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Education Management Corp will post $0.56 EPS next quarter.

Education Management Corporation (EDMC) is a provider of post-secondary education in North America, with approximately 136,000 enrolled students as of October 2009. The Company offers academic programs to its students through campus-based and online instruction, or through a combination of both. The Company’s educational institutions offer students the opportunity to earn undergraduate and graduate degrees, including doctoral degrees, and certain specialized non-degree diplomas in a range of disciplines. These disciplines include design, media arts, health sciences, psychology and behavioral sciences, culinary, fashion, business, legal, education and information technology. Each of its schools located in the United States is licensed or permitted to offer post-secondary programs in the state in which it is located, accredited by a national or regional accreditation agency and certified by the United States Department of Education.

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