Perdoceo Education (PRDO) Gets a Buy Rating from Barrington

In a report released today, Alexander Paris from Barrington reiterated a Buy rating on Perdoceo Education (PRDOResearch Report), with a price target of $20.00. The company’s shares closed last Thursday at $12.89.

According to TipRanks.com, Paris is a 5-star analyst with an average return of 15.9% and a 54.8% success rate. Paris covers the Services sector, focusing on stocks such as Universal Technical Institute, American Public Education, and Adtalem Global Education.

Currently, the analyst consensus on Perdoceo Education is a Moderate Buy with an average price target of $20.00.

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Based on Perdoceo Education’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $169 million and net profit of $39.94 million. In comparison, last year the company earned revenue of $155 million and had a net profit of $18.23 million.

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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.