Perdoceo Education (NASDAQ:PRDO) Given New $30.00 Price Target at Barrington Research

Perdoceo Education (NASDAQ:PRDO) had its price target increased by research analysts at Barrington Research from $27.00 to $30.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Barrington Research’s price objective suggests a potential upside of 22.10% from the stock’s current price.

Separately, StockNews.com downgraded Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th.

Perdoceo Education Price Performance

Shares of PRDO stock traded down $0.22 on Thursday, hitting $24.57. 145,256 shares of the company’s stock were exchanged, compared to its average volume of 499,773. Perdoceo Education has a 12 month low of $13.69 and a 12 month high of $26.40. The stock has a market cap of $1.61 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 0.76 and a beta of 1.02. The company has a 50 day moving average of $22.21 and a 200 day moving average of $19.92.

Perdoceo Education (NASDAQ:PRDO) last posted its earnings results on Wednesday, July 31st. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The firm had revenue of $166.74 million during the quarter, compared to the consensus estimate of $160.91 million. Perdoceo Education had a return on equity of 17.09% and a net margin of 22.35%. The business’s quarterly revenue was down 10.6% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. Sell-side analysts predict that Perdoceo Education will post 2.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Perdoceo Education

Hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp grew its stake in Perdoceo Education by 650.6% during the second quarter. Fifth Third Bancorp now owns 1,884 shares of the company’s stock worth $40,000 after purchasing an additional 1,633 shares during the period. Innealta Capital LLC acquired a new stake in Perdoceo Education during the second quarter worth approximately $74,000. AJOVista LLC acquired a new stake in Perdoceo Education during the fourth quarter worth approximately $81,000. nVerses Capital LLC acquired a new stake in Perdoceo Education during the second quarter worth approximately $92,000. Finally, Banque Cantonale Vaudoise grew its stake in Perdoceo Education by 9.9% during the first quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company’s stock worth $110,000 after purchasing an additional 565 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Perdoceo Education Company Profile

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.