Career Education Corp (CECO) Receives a Buy from Barrington


Barrington analyst Alexander Paris maintained a Buy rating on Career Education Corp (CECO) today and set a price target of $18. The company’s shares closed yesterday at $16.49.

Paris noted:

“We believe the combination will give AIU the scale it needs, as management is able to leverage the front end and generate economies of scale on the back end. The acquisition of Trident is expected to be immediately accretive to CECO’s earnings after closing.”

According to TipRanks.com, Paris is a 5-star analyst with an average return of 10.0% and a 54.0% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Career Education Corp with a $18 average price target.

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Based on Career Education Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $14.07 million. In comparison, last year the company had a GAAP net loss of $44.38 million.

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Career Education Corp. engages in the provision of educational services. It operates through Colorado Technical University (CTU), and American InterContinental University (AIU) segments.