Laureate Education Inc. (LAUR) Stock Rating Reaffirmed by Piper Jaffray Companies
Laureate Education Inc. (NASDAQ:LAUR)‘s stock had its “buy” rating reaffirmed by investment analysts at Piper Jaffray Companies in a note issued to investors on Tuesday. They presently have a $17.00 price target on the stock. Piper Jaffray Companies’ target price indicates a potential upside of 18.30% from the company’s current price.
A number of other equities analysts also recently issued reports on LAUR. Zacks Investment Research upgraded Laureate Education from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Monday, May 1st. Stifel Nicolaus reiterated a “buy” rating and set a $21.00 price target (up previously from $20.00) on shares of Laureate Education in a research report on Friday, July 7th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $17.10.
Shares of Laureate Education (NASDAQ LAUR) opened at 14.37 on Tuesday. Laureate Education has a 12-month low of $12.12 and a 12-month high of $18.96. The firm’s 50-day moving average is $16.29 and its 200 day moving average is $15.28. The stock has a market capitalization of $2.42 billion and a P/E ratio of 231.77.
Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by $0.25. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.24 billion. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research analysts forecast that Laureate Education will post ($0.97) EPS for the current fiscal year.
In other news, CEO Richard J. Patro sold 16,383 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $15.21, for a total value of $249,185.43. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 13.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Blair William & Co. IL purchased a new position in Laureate Education during the first quarter valued at $313,000. Waterfront Capital Partners LLC purchased a new position in Laureate Education during the first quarter valued at $4,048,000. Stifel Financial Corp purchased a new position in Laureate Education during the first quarter valued at $147,000. JPMorgan Chase & Co. purchased a new position in Laureate Education during the first quarter valued at $326,000. Finally, Hood River Capital Management LLC purchased a new position in Laureate Education during the first quarter valued at $17,687,000. Institutional investors and hedge funds own 98.91% of the company’s stock.
Laureate Education Company Profile
Laureate Education, Inc operates a network of degree-granting higher education institution. The Company operates in four segments: Latin America (LatAm); Europe; Asia, Middle East and Africa (AMEA), and Global Products and Services (GPS). The Company’s network includes approximately 70 institutions in over 25 countries on over 200 campuses, which the Company collectively refer to as the Laureate International Universities network.
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