Laureate Education (NASDAQ:LAUR) Price Target Raised to $24.00

Laureate Education (NASDAQ:LAUR) had its target price raised by BMO Capital Markets from $23.00 to $24.00 in a research report report published on Monday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Laureate Education Stock Up 1.0 %

NASDAQ LAUR opened at $22.87 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $3.45 billion, a PE ratio of 11.79 and a beta of 0.59. The business’s 50-day moving average is $19.80 and its 200 day moving average is $18.99. Laureate Education has a 1 year low of $13.60 and a 1 year high of $23.05.

Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.42 by $0.20. The business had revenue of $423.40 million during the quarter, compared to analyst estimates of $411.50 million. Laureate Education had a net margin of 18.92% and a return on equity of 32.35%. Sell-side analysts forecast that Laureate Education will post 1.51 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Ian Kendell Snow sold 520,831 shares of Laureate Education stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $17.47, for a total transaction of $9,098,917.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Laureate Education

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. J.Safra Asset Management Corp increased its stake in shares of Laureate Education by 34.4% in the 4th quarter. J.Safra Asset Management Corp now owns 3,386 shares of the company’s stock worth $61,000 after acquiring an additional 866 shares in the last quarter. Blue Trust Inc. bought a new position in shares of Laureate Education during the first quarter valued at approximately $62,000. Avanza Fonder AB purchased a new position in shares of Laureate Education during the first quarter valued at approximately $93,000. CWM LLC boosted its position in shares of Laureate Education by 260.1% in the 1st quarter. CWM LLC now owns 4,901 shares of the company’s stock worth $100,000 after purchasing an additional 3,540 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Laureate Education in the 1st quarter worth approximately $102,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

About Laureate Education

Laureate Education, Inc, together with its subsidiaries, offers higher education programs and services to students through a network of universities and higher education institutions. The company provides a range of undergraduate and graduate degree programs in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.