Barclays PLC Reiterates Overweight Rating for Nord Anglia Education Inc. (NORD)
Nord Anglia Education Inc. (NYSE:NORD)‘s stock had its “overweight” rating reissued by research analysts at Barclays PLC in a report released on Saturday. They presently have a $22.00 price target on the stock. Barclays PLC’s price target suggests a potential upside of 2.18% from the stock’s current price.
A number of other equities analysts have also weighed in on NORD. Zacks Investment Research upgraded Nord Anglia Education from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. JPMorgan Chase & Co. lifted their price objective on Nord Anglia Education from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, August 9th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $25.00 price objective on shares of Nord Anglia Education in a research note on Tuesday, June 28th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $24.71.
Shares of Nord Anglia Education (NYSE:NORD) opened at 21.53 on Friday. Nord Anglia Education has a 52-week low of $14.58 and a 52-week high of $23.88. The stock has a market capitalization of $2.24 billion, a P/E ratio of 157.15 and a beta of 0.91. The company has a 50 day moving average price of $21.73 and a 200-day moving average price of $21.71.
Nord Anglia Education (NYSE:NORD) last issued its earnings results on Tuesday, July 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The company earned $253.80 million during the quarter, compared to analyst estimates of $247.57 million. Nord Anglia Education had a return on equity of 20.31% and a net margin of 2.06%. The firm’s quarterly revenue was up 49.3% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. On average, analysts predict that Nord Anglia Education will post $0.64 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of NORD. Triple Frond Partners LLC acquired a new stake in Nord Anglia Education during the second quarter worth approximately $10,190,000. Loomis Sayles & Co. L P boosted its stake in Nord Anglia Education by 17.7% in the second quarter. Loomis Sayles & Co. L P now owns 1,269,903 shares of the company’s stock worth $26,846,000 after buying an additional 191,378 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Nord Anglia Education by 149.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 189,826 shares of the company’s stock worth $4,013,000 after buying an additional 113,761 shares during the period. State Street Corp boosted its stake in Nord Anglia Education by 250.1% in the second quarter. State Street Corp now owns 137,605 shares of the company’s stock worth $2,908,000 after buying an additional 98,295 shares during the period. Finally, Blair William & Co. IL boosted its stake in Nord Anglia Education by 8.0% in the second quarter. Blair William & Co. IL now owns 759,687 shares of the company’s stock worth $16,060,000 after buying an additional 55,954 shares during the period. Hedge funds and other institutional investors own 31.51% of the company’s stock.
About Nord Anglia Education
Nord Anglia Education, Inc is an operator of premium international schools. The principal activities of the Company consist of premium schools and associated activities in China, which includes the People’s Republic of China and Hong Kong Special Administrative Region (SAR); Europe, which includes Switzerland, Slovakia, Hungary, Czech Republic, Spain and Poland; Middle East/South East Asia (ME/SEA), which includes the United Arab Emirates, Qatar, Thailand, Singapore, Cambodia and Vietnam, and North America, which includes the United States and Mexico.
Receive News & Ratings for Nord Anglia Education Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nord Anglia Education Inc. and related companies with MarketBeat.com's FREE daily email newsletter.