Laureate Education (NASDAQ:LAUR)‘s stock had its “buy” rating restated by research analysts at Barrington Research in a research report issued to clients and investors on Thursday, AnalystRatings.com reports. They currently have a $22.00 price objective on the stock. Barrington Research’s price objective indicates a potential upside of 30.95% from the stock’s previous close.
A number of other equities analysts also recently commented on LAUR. Zacks Investment Research downgraded shares of Laureate Education from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. BMO Capital Markets raised their target price on shares of Laureate Education from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Citigroup reiterated a “buy” rating and issued a $22.00 target price (up from $19.00) on shares of Laureate Education in a research note on Wednesday, August 28th. JPMorgan Chase & Co. raised their target price on shares of Laureate Education from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Finally, ValuEngine downgraded shares of Laureate Education from a “hold” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Laureate Education currently has a consensus rating of “Buy” and a consensus price target of $21.50.
Shares of Laureate Education stock traded up $0.11 during trading hours on Thursday, reaching $16.80. 46,132 shares of the company’s stock were exchanged, compared to its average volume of 881,993. The company has a 50 day moving average of $17.14 and a two-hundred day moving average of $16.08. Laureate Education has a fifty-two week low of $13.58 and a fifty-two week high of $18.57. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.68. The stock has a market cap of $3.94 billion, a P/E ratio of -560.00, a P/E/G ratio of 2.24 and a beta of 0.20.
Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.11). Laureate Education had a negative return on equity of 0.85% and a net margin of 28.57%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $998.46 million. During the same quarter in the prior year, the company earned $1.00 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, analysts expect that Laureate Education will post 0.65 earnings per share for the current fiscal year.
In related news, major shareholder Alberta Lp Wengen sold 10,955,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $15.30, for a total value of $167,611,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Saric Ruldolf Christophe Hoehn sold 701,819 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $15.30, for a total transaction of $10,737,830.70. The disclosure for this sale can be found here. Insiders sold a total of 11,666,863 shares of company stock valued at $178,518,103 over the last quarter. 2.97% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System bought a new position in Laureate Education in the 2nd quarter valued at about $130,000. SG Americas Securities LLC raised its holdings in Laureate Education by 53.6% in the 1st quarter. SG Americas Securities LLC now owns 10,960 shares of the company’s stock valued at $164,000 after acquiring an additional 3,823 shares during the period. Man Group plc bought a new position in Laureate Education in the 2nd quarter valued at about $192,000. ETRADE Capital Management LLC bought a new position in Laureate Education in the 2nd quarter valued at about $195,000. Finally, CPV Partners LLC bought a new position in Laureate Education in the 2nd quarter valued at about $225,000. 50.43% of the stock is currently owned by hedge funds and other institutional investors.
About Laureate Education
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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