Career Education Corp. (CECO) Given New $20.00 Price Target by Barclays Capital (BCS) Analysts.
Wednesday, August 24, 2021 2:55 PM

Equities research analysts at Barclays Capital (NYSE: BCS) lowered their price target on shares of Career Education Corp. (NASDAQ: CECO) from $23.00 to $20.00 in a research note to investors on Wednesday. The analysts currently have an "equal weight" rating on the stock.

Separately, analysts at Wunderlich initiated coverage on shares of Career Education Corp. in a research note to investors on Friday, August 19th. They set a "buy" rating and a $23.00 price target on the stock. Also, analysts at UBS AG (NYSE: UBS) cut their price target on shares of Career Education Corp. from $25.00 to $20.00 in a research note to investors on Friday, August 5th. They now have a "neutral" rating on the stock.

Shares of Career Education Corp. traded up 2.24% during mid-day trading on Thursday, hitting $15.97. Career Education Corp. has a 52 week low of $14.54 and a 52 week high of $27.60. The stock's 50-day moving average is $20.42 and its 200-day moving average is $21.75. The company has a market cap of $1.218 billion and a price-to-earnings ratio of 7.32.

Career Education Corp. last announced its quarterly results on Wednesday, August 3rd. The company reported $0.73 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.66 EPS by $0.07. The company’s quarterly revenue was down 5.8% on a year-over-year basis. On average, analysts predict that Career Education Corp. will post $0.40 EPS next quarter.

Career Education Corporation (CEC) includes the colleges, schools and universities that are part of its family. CEC offers education to a diverse student population of over 116,000 students worldwide in a range of career-oriented disciplines. Approximately 90 campuses that serve these students are located throughout the United States, France, Italy and the United Kingdom, and offer doctoral, master’s, bachelors and associate degrees and diploma and certificate programs. Nearly 40% of its students attend the Web-based virtual campuses of American InterContinental University, Colorado Technical University, International Academy of Design & Technology and Le Cordon Bleu College of Culinary Arts. The Company is organized in six segments: university, culinary arts, health education, art and design, international, and transitional schools. In April 2010, the Company acquired the International University of Monaco (IUM), an international business university.

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