Laureate Education Inc. (LAUR) Downgraded by ValuEngine
ValuEngine downgraded shares of Laureate Education Inc. (NASDAQ:LAUR) from a hold rating to a sell rating in a report published on Friday.
Several other equities analysts also recently commented on the stock. Piper Jaffray Companies restated a buy rating and issued a $19.00 price target on shares of Laureate Education in a research note on Friday, July 21st. Zacks Investment Research cut shares of Laureate Education from a hold rating to a sell rating in a research report on Wednesday, November 1st. Stifel Nicolaus reaffirmed a buy rating and set a $18.00 price objective (down previously from $21.00) on shares of Laureate Education in a research report on Thursday. BMO Capital Markets cut their price objective on shares of Laureate Education from $18.00 to $17.00 and set an outperform rating for the company in a research report on Thursday. Finally, Credit Suisse Group cut their price objective on shares of Laureate Education from $20.00 to $19.00 and set an outperform rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $16.98.
Laureate Education (LAUR) traded down $0.27 during mid-day trading on Friday, hitting $11.34. 911,600 shares of the company traded hands, compared to its average volume of 605,261. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.82 and a current ratio of 0.82. Laureate Education has a fifty-two week low of $11.03 and a fifty-two week high of $18.96.
Laureate Education (NASDAQ:LAUR) last released its quarterly earnings results on Wednesday, November 8th. The company reported ($1.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.41). Laureate Education had a negative net margin of 1.47% and a negative return on equity of 2.66%. The business had revenue of $983.40 million during the quarter, compared to analyst estimates of $972.59 million. The business’s revenue was up 5.8% compared to the same quarter last year. analysts predict that Laureate Education will post -0.98 EPS for the current year.
In other Laureate Education news, COO Ricardo M. Berckemeyer sold 47,983 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $14.29, for a total transaction of $685,677.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 13.10% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in LAUR. Bank of New York Mellon Corp acquired a new stake in Laureate Education during the 1st quarter valued at approximately $1,564,000. Ameriprise Financial Inc. acquired a new stake in Laureate Education during the 1st quarter valued at approximately $1,834,000. JPMorgan Chase & Co. acquired a new stake in Laureate Education during the 1st quarter valued at approximately $326,000. TIAA CREF Investment Management LLC acquired a new stake in Laureate Education during the 1st quarter valued at approximately $853,000. Finally, California Public Employees Retirement System acquired a new stake in shares of Laureate Education during the 1st quarter worth approximately $1,230,000. 20.77% of the stock is owned by institutional investors and hedge funds.
About Laureate Education
Laureate Education, Inc provides higher education programs and services to students through an international network of licensed universities and higher education institutions (institutions). The Company’s programs are provided through institutions that are campus-based and Internet-based, or through electronically distributed educational programs (online).
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