Nord Anglia Education’s (NORD) Overweight Rating Reiterated at Barclays PLC
Nord Anglia Education Inc. (NYSE:NORD)‘s stock had its “overweight” rating reiterated by analysts at Barclays PLC in a research note issued on Saturday. They presently have a $22.00 target price on the stock. Barclays PLC’s price target would suggest a potential upside of 2.18% from the company’s previous close.
NORD has been the subject of several other research reports. Zacks Investment Research raised shares of Nord Anglia Education from a “sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Nord Anglia Education in a research report on Friday, August 26th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Nord Anglia Education from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, August 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Nord Anglia Education has an average rating of “Buy” and an average price target of $24.71.
Nord Anglia Education (NYSE:NORD) opened at 21.53 on Friday. The stock has a market cap of $2.24 billion, a PE ratio of 157.15 and a beta of 0.91. The company’s 50 day moving average is $21.73 and its 200-day moving average is $21.71. Nord Anglia Education has a 1-year low of $14.58 and a 1-year high of $23.88.
Nord Anglia Education (NYSE:NORD) last posted its earnings results on Tuesday, July 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. Nord Anglia Education had a net margin of 2.06% and a return on equity of 20.31%. The firm earned $253.80 million during the quarter, compared to the consensus estimate of $247.57 million. During the same quarter in the prior year, the company earned $0.24 EPS. The company’s revenue was up 49.3% on a year-over-year basis. Equities research analysts forecast that Nord Anglia Education will post $0.64 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P boosted its position in Nord Anglia Education by 17.7% in the second quarter. Loomis Sayles & Co. L P now owns 1,269,903 shares of the company’s stock valued at $26,846,000 after buying an additional 191,378 shares during the period. Franklin Resources Inc. boosted its position in Nord Anglia Education by 1.7% in the first quarter. Franklin Resources Inc. now owns 972,209 shares of the company’s stock valued at $20,309,000 after buying an additional 16,711 shares during the period. Blair William & Co. IL boosted its position in Nord Anglia Education by 8.0% in the second quarter. Blair William & Co. IL now owns 759,687 shares of the company’s stock valued at $16,060,000 after buying an additional 55,954 shares during the period. Triple Frond Partners LLC acquired a new position in Nord Anglia Education during the second quarter valued at approximately $10,190,000. Finally, Janus Capital Management LLC boosted its position in Nord Anglia Education by 14.8% in the second quarter. Janus Capital Management LLC now owns 263,357 shares of the company’s stock valued at $5,567,000 after buying an additional 34,012 shares during the period. Institutional investors own 31.51% of the company’s stock.
About Nord Anglia Education
Nord Anglia Education, Inc is an operator of premium international schools. The principal activities of the Company consist of premium schools and associated activities in China, which includes the People’s Republic of China and Hong Kong Special Administrative Region (SAR); Europe, which includes Switzerland, Slovakia, Hungary, Czech Republic, Spain and Poland; Middle East/South East Asia (ME/SEA), which includes the United Arab Emirates, Qatar, Thailand, Singapore, Cambodia and Vietnam, and North America, which includes the United States and Mexico.
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