CLSA Downgrades Nord Anglia Education Inc. (NORD) to Underperform
Nord Anglia Education Inc. (NYSE:NORD) was downgraded by CLSA from an “outperform” rating to an “underperform” rating in a note issued to investors on Wednesday, The Fly reports.
Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Nord Anglia Education from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. JPMorgan Chase & Co. increased their price objective on shares of Nord Anglia Education from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, August 9th. Credit Suisse Group AG set a $25.00 price objective on shares of Nord Anglia Education and gave the company a “buy” rating in a research note on Tuesday, October 11th. Finally, Barclays PLC reiterated an “overweight” rating and set a $22.00 price objective on shares of Nord Anglia Education in a research note on Saturday, October 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $24.17.
Shares of Nord Anglia Education (NYSE:NORD) traded up 0.17% on Wednesday, hitting $23.81. 31,278 shares of the stock were exchanged. Nord Anglia Education has a one year low of $14.58 and a one year high of $24.34. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 173.80 and a beta of 0.91. The firm’s 50 day moving average price is $22.34 and its 200 day moving average price is $21.97.
Nord Anglia Education (NYSE:NORD) last released its quarterly earnings results on Tuesday, November 29th. The company reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.01. The business earned $115.10 million during the quarter, compared to analyst estimates of $110.77 million. Nord Anglia Education had a net margin of 2.06% and a return on equity of 20.31%. The business’s revenue was up 27.2% on a year-over-year basis. During the same period last year, the business earned ($0.22) EPS. Equities analysts anticipate that Nord Anglia Education will post $0.64 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of NORD. Geneva Advisors LLC boosted its stake in Nord Anglia Education by 1.9% in the second quarter. Geneva Advisors LLC now owns 180,479 shares of the company’s stock worth $3,815,000 after buying an additional 3,290 shares during the period. First Trust Advisors LP purchased a new stake in Nord Anglia Education during the second quarter worth $1,089,000. Swiss National Bank boosted its stake in Nord Anglia Education by 109.3% in the second quarter. Swiss National Bank now owns 55,721 shares of the company’s stock worth $1,178,000 after buying an additional 29,100 shares during the period. Granite Point Capital Management L.P. purchased a new stake in Nord Anglia Education during the second quarter worth $989,000. Finally, Bank of Montreal Can boosted its stake in Nord Anglia Education by 10.6% in the third quarter. Bank of Montreal Can now owns 30,969 shares of the company’s stock worth $675,000 after buying an additional 2,974 shares during the period. Institutional investors own 29.23% 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.
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