Barrington Believes Career Education Corp (NASDAQ: CECO) Won’t Stop Here

By Ryan Adsit

Barrington analyst Alexander Paris reiterated a Buy rating on Career Education Corp (CECOResearch Report) yesterday and set a price target of $24. The company’s shares closed yesterday at $18.54, close to its 52-week high of $19.87.

According to TipRanks.com, Paris is a 4-star analyst with an average return of 6.3% and a 49.0% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.

Currently, the analyst consensus on Career Education Corp is a Moderate Buy with an average price target of $24.

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Based on Career Education Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $24.79 million. In comparison, last year the company had a net profit of $17.5 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.