CLSA Downgrades Nord Anglia Education Inc. (NORD) to Underperform
Nord Anglia Education Inc. (NYSE:NORD) was downgraded by investment analysts at CLSA from an “outperform” rating to an “underperform” rating in a research note issued on Wednesday.
Several other research firms have also recently issued reports on NORD. JPMorgan Chase & Co. lifted their price objective on shares of Nord Anglia Education from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 9th. Zacks Investment Research raised shares of Nord Anglia Education from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Credit Suisse Group AG reissued a “buy” rating on shares of Nord Anglia Education in a research report on Friday, August 26th. Finally, Barclays PLC reissued an “overweight” rating and issued a $22.00 price target on shares of Nord Anglia Education in a research report on Saturday, October 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Nord Anglia Education currently has an average rating of “Buy” and an average target price of $24.17.
Nord Anglia Education (NYSE:NORD) traded up 0.17% during midday trading on Wednesday, hitting $23.81. 31,278 shares of the stock traded hands. Nord Anglia Education has a one year low of $14.58 and a one year high of $24.34. The company has a market cap of $2.48 billion, a P/E ratio of 173.80 and a beta of 0.91. The company’s 50 day moving average is $22.34 and its 200-day moving average is $21.97.
Nord Anglia Education (NYSE:NORD) last released its quarterly earnings data on Tuesday, November 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. The business earned $115.10 million during the quarter, compared to analysts’ expectations of $110.77 million. Nord Anglia Education had a net margin of 2.06% and a return on equity of 20.31%. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.22) EPS. On average, equities research analysts forecast that Nord Anglia Education will post $0.64 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in Nord Anglia Education by 445.7% in the second quarter. JPMorgan Chase & Co. now owns 4,900 shares of the company’s stock worth $104,000 after buying an additional 4,002 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new position in shares of Nord Anglia Education during the second quarter worth about $163,000. BlackRock Group LTD raised its position in shares of Nord Anglia Education by 74.2% in the second quarter. BlackRock Group LTD now owns 8,959 shares of the company’s stock worth $189,000 after buying an additional 3,817 shares during the period. Vanguard Group Inc. purchased a new position in shares of Nord Anglia Education during the second quarter worth about $202,000. Finally, Aperio Group LLC raised its position in shares of Nord Anglia Education by 9.9% in the third quarter. Aperio Group LLC now owns 17,306 shares of the company’s stock worth $377,000 after buying an additional 1,565 shares during the period. Institutional investors own 29.23% of the company’s stock.
Nord Anglia Education Company Profile
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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