Barrington analyst Alexander Paris initiated coverage with a Buy rating on Perdoceo Education (PRDO – Research Report) today and set a price target of $21.00. The company’s shares opened today at $16.45.
According to TipRanks, Paris is a 5-star analyst with an average return of 11.5% and a 57.17% success rate. Paris covers the Consumer Cyclical sector, focusing on stocks such as Lincoln Edu, Perdoceo Education, and Adtalem Global Education.
Currently, the analyst consensus on Perdoceo Education is a Moderate Buy with an average price target of $21.00.
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Based on Perdoceo Education’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $184.52 million and a net profit of $54.67 million. In comparison, last year the company earned a revenue of $165.9 million and had a net profit of $25.77 million
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRDO in relation to earlier this year.
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Perdoceo Education (PRDO) Company Description:
Perdoceo Education Corp. engages in the provision of educational services. It operates through Colorado Technical University (CTU) and American InterContinental University (AIU) segments. The CTU segment offers academic programs in the disciplines of business studies, nursing, computer science, engineering, information systems and technology, cybersecurity, and healthcare management. The AIU segment provides academic programs in the disciplines of business studies, information technologies, education, and criminal justice. The company was founded by John M. Larson on January 5, 1994 and is headquartered in Schaumburg, IL.
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