Corinthian Colleges, Inc. (COCO) Upgraded by Gabelli to “Buy”

Equities research analysts at Gabelli upgraded shares of Corinthian Colleges, Inc. (NASDAQ: COCO) to a "buy" rating in a research note to investors on Tuesday.

Separately, analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Corinthian Colleges, Inc. from $4.50 to $2.00 in a research note to investors on Wednesday, August 24th. They now have a "hold" rating on the stock. Also, analysts at FBR Capital (NASDAQ: FBCM) cut their price target on shares of Corinthian Colleges, Inc. from $4.00 to $1.75 in a research note to investors on Wednesday, August 24th. They now have an "underperform" rating on the stock.
Shares of Corinthian Colleges, Inc. opened at 1.87 on Wednesday. Corinthian Colleges, Inc. has a 52 week low of $1.57 and a 52 week high of $7.35. The stock’s 50-day moving average is $3.48 and its 200-day moving average is $4.22. The company has a market cap of $158.6 million.

Corinthian Colleges, Inc. last announced its quarterly results on Tuesday, August 23rd. The company reported $0.05 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.12 EPS by $0.07. The company’s quarterly revenue was down 11.6% on a year-over-year basis. On average, analysts predict that Corinthian Colleges, Inc. will post $-0.06 EPS next quarter.

Corinthian Colleges, Inc. (Corinthian) is a post-secondary education company in the United States and Canada, serving the segment of the population seeking to acquire career-oriented education. As of June 30, 2010, the Company had a student enrollment of 110,580 and operated 101 schools in 25 states, and 17 schools in the province of Ontario, Canada. As of August 13, 2010 all of its schools operated under one of three national brands, Everest, WyoTech, or Heald.

As of June 30, 2010, 101 out of 118 schools were operating under the Everest brand, six schools were operating under the WyoTech brand, and 11 schools were operating under the Heald brand. The Company offers a variety of diploma programs and associate’s, bachelors and master’s degrees through a single operating segment. Its training program areas include healthcare, criminal justice, mechanical, trades, business and information technology. On January 4, 2010, the Company completed its acquisition of Heald Capital, LLC.

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