Zacks Investment Research upgraded shares of Laureate Education (NASDAQ:LAUR) from a hold rating to a buy rating in a report released on Wednesday morning. The brokerage currently has $17.00 target price on the stock.
According to Zacks, “Laureate Education, Inc. is a degree-granting higher education institutions. The company offers high-quality undergraduate, graduate and specialized programs. Laureate Education, Inc. is headquartered in Baltimore, Maryland. “
LAUR has been the topic of several other research reports. Barclays reaffirmed a hold rating and set a $17.00 price objective on shares of Laureate Education in a report on Friday, August 10th. Barrington Research reaffirmed a buy rating and set a $20.00 price objective on shares of Laureate Education in a report on Friday, August 10th. Citigroup upped their price objective on Laureate Education from $19.00 to $20.00 and gave the stock a buy rating in a report on Wednesday, August 15th. Finally, ValuEngine downgraded Laureate Education from a hold rating to a sell rating in a research note on Thursday, September 6th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Laureate Education currently has a consensus rating of Buy and a consensus target price of $18.41.
NASDAQ:LAUR traded up $0.07 during trading hours on Wednesday, hitting $15.07. 1,031,102 shares of the stock were exchanged, compared to its average volume of 550,395. Laureate Education has a twelve month low of $10.46 and a twelve month high of $16.99. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -12.56, a P/E/G ratio of 1.89 and a beta of 1.19.
Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings data on Thursday, August 9th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.30. Laureate Education had a return on equity of 13.74% and a net margin of 11.22%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the business earned $0.28 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities analysts predict that Laureate Education will post 0.68 EPS for the current fiscal year.
In other news, CEO Paula R. Singer sold 23,109 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $16.00, for a total value of $369,744.00. Following the transaction, the chief executive officer now owns 76,067 shares of the company’s stock, valued at approximately $1,217,072. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Paula R. Singer sold 7,703 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $15.31, for a total value of $117,932.93. Following the completion of the transaction, the chief executive officer now directly owns 68,364 shares in the company, valued at approximately $1,046,652.84. The disclosure for this sale can be found here. Corporate insiders own 4.59% of the company’s stock.
A number of institutional investors have recently modified their holdings of LAUR. Wells Fargo & Company MN raised its stake in Laureate Education by 4.0% during the 1st quarter. Wells Fargo & Company MN now owns 165,320 shares of the company’s stock worth $2,273,000 after buying an additional 6,382 shares during the period. SG Americas Securities LLC acquired a new stake in Laureate Education during the 1st quarter worth $106,000. Swiss National Bank raised its stake in Laureate Education by 62.3% during the 1st quarter. Swiss National Bank now owns 85,700 shares of the company’s stock worth $1,178,000 after buying an additional 32,900 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Laureate Education by 11.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 203,336 shares of the company’s stock worth $2,796,000 after buying an additional 20,316 shares during the period. Finally, Northern Trust Corp raised its stake in Laureate Education by 1.3% during the 1st quarter. Northern Trust Corp now owns 539,953 shares of the company’s stock worth $7,425,000 after buying an additional 6,667 shares during the period. 35.05% of the stock is currently owned by institutional investors and hedge funds.
Laureate Education Company Profile
Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through universities and higher education institutions. It operates through six segments: Brazil, Mexico, Andean & Iberian, Central America & U.S. Campuses, EMEAA, and Online & Partnerships.
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