Laureate Education Inc. (NASDAQ:LAUR) had its price objective lowered by BMO Capital Markets from $18.00 to $17.00 in a report released on Thursday morning. BMO Capital Markets currently has an outperform rating on the stock.
Several other analysts have also commented on the stock. Piper Jaffray Companies reissued a buy rating and set a $19.00 target price on shares of Laureate Education in a research note on Friday, July 21st. Zacks Investment Research lowered shares of Laureate Education from a hold rating to a sell rating in a research note on Wednesday, November 1st. Stifel Nicolaus reissued a buy rating and set a $18.00 target price (down from $21.00) on shares of Laureate Education in a research note on Thursday. Finally, Credit Suisse Group cut their target price on shares of Laureate Education from $20.00 to $19.00 and set an outperform rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $16.98.
Laureate Education (NASDAQ:LAUR) traded down $0.27 during trading on Thursday, hitting $11.34. 911,600 shares of the stock traded hands, compared to its average volume of 605,261. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.94. Laureate Education has a twelve month low of $11.03 and a twelve month high of $18.96.
Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings data on Wednesday, November 8th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.41). The company had revenue of $983.40 million during the quarter, compared to the consensus estimate of $972.59 million. Laureate Education had a negative net margin of 1.47% and a negative return on equity of 2.66%. The company’s revenue was up 5.8% compared to the same quarter last year. sell-side analysts anticipate that Laureate Education will post -0.98 EPS for the current fiscal year.
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In related news, COO Ricardo M. Berckemeyer sold 47,983 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $14.29, for a total value of $685,677.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.10% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of LAUR. Quantbot Technologies LP purchased a new stake in shares of Laureate Education in the 2nd quarter valued at approximately $122,000. SG Americas Securities LLC purchased a new stake in shares of Laureate Education in the 3rd quarter valued at approximately $138,000. Nationwide Fund Advisors purchased a new stake in shares of Laureate Education in the 1st quarter valued at approximately $146,000. First Mercantile Trust Co. purchased a new stake in shares of Laureate Education in the 2nd quarter valued at approximately $150,000. Finally, Legal & General Group Plc increased its stake in Laureate Education by 61.2% in the 2nd quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock valued at $150,000 after buying an additional 3,240 shares during the period. Institutional investors and hedge funds own 20.77% of the company’s stock.
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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