Laureate Education (NASDAQ:LAUR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, Zacks.com reports. The brokerage presently has a $17.00 target price on the stock. Zacks Investment Research‘s target price points to a potential upside of 8.87% from the stock’s current price.
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. “
Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus set a $22.00 price target on shares of Laureate Education and gave the company a “buy” rating in a report on Friday, August 30th. Citigroup restated a “buy” rating and issued a $22.00 price target (up previously from $19.00) on shares of Laureate Education in a report on Wednesday, August 28th. ValuEngine downgraded shares of Laureate Education from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Laureate Education from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Finally, Barrington Research reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Laureate Education in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $21.33.
Shares of LAUR opened at $15.62 on Thursday. Laureate Education has a 1-year low of $13.58 and a 1-year high of $18.57. The company has a 50-day moving average of $17.14 and a 200 day moving average of $16.32. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of -520.50, a PEG ratio of 1.95 and a beta of 0.17. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.93 and a quick ratio of 0.93.
Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.11). Laureate Education had a net margin of 28.57% and a negative return on equity of 0.85%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $998.46 million. During the same quarter in the previous year, the business earned $1.00 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities analysts anticipate that Laureate Education will post 0.65 earnings per share for the current fiscal year.
In other Laureate Education news, CEO Paula R. Singer sold 3,349 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $16.63, for a total transaction of $55,693.87. Following the sale, the chief executive officer now owns 23,229 shares of the company’s stock, valued at approximately $386,298.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Paula R. Singer sold 3,348 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $18.19, for a total transaction of $60,900.12. Following the sale, the chief executive officer now directly owns 26,578 shares in the company, valued at approximately $483,453.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,007,699 shares of company stock worth $267,652,310. 2.97% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in LAUR. New York State Common Retirement Fund lifted its stake in Laureate Education by 15.0% during the 1st quarter. New York State Common Retirement Fund now owns 94,300 shares of the company’s stock valued at $1,412,000 after acquiring an additional 12,300 shares during the period. FMR LLC lifted its stake in shares of Laureate Education by 19.4% in the 1st quarter. FMR LLC now owns 13,450,964 shares of the company’s stock valued at $201,362,000 after purchasing an additional 2,184,985 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Laureate Education by 130.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 65,635 shares of the company’s stock valued at $983,000 after purchasing an additional 37,135 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Laureate Education in the 2nd quarter valued at $233,000. Finally, New York State Teachers Retirement System acquired a new position in shares of Laureate Education in the 2nd quarter valued at $130,000. Institutional investors and hedge funds own 50.03% of the company’s stock.
Laureate Education Company Profile
Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. It operates through five segments: Brazil, Mexico, Andean, Rest of World, and Online & Partnerships. The company offers a range of undergraduate and graduate degree programs primarily in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.
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