In a report released today, Peter Appert from Piper Jaffray reiterated a Hold rating on Career Education Corp (NASDAQ: CECO), with a price target of $19.50. The company’s shares opened today at $17.95, close to its 52-week high of $19.07.
According to TipRanks.com, Appert is a 5-star analyst with an average return of 22.3% and a 81.1% success rate. Appert covers the Services sector, focusing on stocks such as Universal Technical Institute Inc, Adtalem Global Education Inc, and American Public Education.
Currently, the analyst consensus on Career Education Corp is a Hold with an average price target of $19.50.
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Based on Career Education Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $8.75 million. In comparison, last year the company had a net profit of $4.29 million.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock.
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Career Education Corp. engages in the provision of educational services. It operates through the following segments: Colorado Technical University (CTU), American InterContinental University (AIU), and All other Campuses.
