TipRanksStock Market NewsBarrington Maintains Their Buy Rating on Zovio (ZVO)

Barrington Maintains Their Buy Rating on Zovio (ZVO)

In a report released today, Alexander Paris from Barrington maintained a Buy rating on Zovio (ZVOResearch Report), with a price target of $5.00. The company’s shares closed last Friday at $2.90, close to its 52-week low of $2.02.

According to TipRanks.com, Paris is a 5-star analyst with an average return of 16.6% and a 53.1% 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 Zovio is a Moderate Buy with an average price target of $6.25, a 123.2% upside from current levels. In a report issued on July 23, Northland Securities also assigned a Buy rating to the stock with a $7.50 price target.

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Zovio’s market cap is currently $96.65M and has a P/E ratio of -1.50. The company has a Price to Book ratio of 4.84.

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Zovio, Inc. provides postsecondary education services. Through Ashford University and University of the RockiesSM, it offers online programs such as contemporary college experience. Its services also include mobile and other learning platform for students. The company was founded by Wayne Clugston and Andrew S. Clark in May 1999 and is headquartered in San Diego, CA.

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