Laureate Education Inc. (LAUR) Raised to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Laureate Education Inc. (NASDAQ:LAUR) from a sell rating to a hold rating in a research note released on Wednesday.
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. “
Several other analysts have also issued reports on the company. Piper Jaffray Companies restated a buy rating and issued a $16.50 target price on shares of Laureate Education in a research note on Friday, November 10th. ValuEngine lowered Laureate Education from a hold rating to a sell rating in a research note on Friday, November 10th. BMO Capital Markets lowered their target price on Laureate Education from $18.00 to $17.00 and set an outperform rating on the stock in a research note on Thursday, November 9th. Credit Suisse Group lowered their target price on Laureate Education from $20.00 to $19.00 and set an outperform rating on the stock in a research note on Thursday, November 9th. Finally, Stifel Nicolaus restated a buy rating and issued a $18.00 target price (down from $21.00) on shares of Laureate Education in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $16.98.
Shares of Laureate Education (NASDAQ:LAUR) traded down $0.06 during trading on Wednesday, reaching $10.64. The company had a trading volume of 432,270 shares, compared to its average volume of 464,172. Laureate Education has a 1-year low of $10.46 and a 1-year high of $18.96. 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 (NASDAQ:LAUR) last issued its quarterly earnings results on Wednesday, November 8th. The company reported ($1.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.41). The business had revenue of $983.40 million for the quarter, compared to the consensus estimate of $972.59 million. Laureate Education had a negative return on equity of 2.66% and a negative net margin of 1.47%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. research analysts anticipate that Laureate Education will post -1.23 EPS for the current year.
In other news, COO Ricardo M. Berckemeyer sold 47,983 shares of Laureate Education stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $14.29, for a total value of $685,677.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Laureate Education in the second quarter valued at $122,000. Legal & General Group Plc grew its position in Laureate Education by 61.2% during the second quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock worth $150,000 after buying an additional 3,240 shares in the last quarter. First Mercantile Trust Co. purchased a new position in Laureate Education during the second quarter worth about $150,000. SG Americas Securities LLC purchased a new position in Laureate Education during the third quarter worth about $138,000. Finally, Tudor Investment Corp ET AL purchased a new position in Laureate Education during the second quarter worth about $208,000. Institutional investors own 20.77% of the company’s stock.
Laureate Education Company Profile
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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