Laureate Education Inc. (LAUR) Receives $17.28 Average Price Target from Analysts
Laureate Education Inc. (NASDAQ:LAUR) has been given a consensus rating of “Buy” by the fourteen research firms that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $17.28.
A number of brokerages recently weighed in on LAUR. Piper Jaffray Companies reaffirmed a “buy” rating and set a $19.00 price objective on shares of Laureate Education in a report on Friday, July 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $21.00 price objective (up previously from $20.00) on shares of Laureate Education in a report on Friday, July 7th. Finally, Zacks Investment Research lowered Laureate Education from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th.
In other Laureate Education news, CEO Richard J. Patro sold 16,383 shares of the company’s stock in a transaction 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 document filed with the SEC, which is accessible through the SEC website. Also, COO Ricardo M. Berckemeyer sold 47,983 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $14.29, for a total value of $685,677.07. The disclosure for this sale can be found here. 13.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of LAUR. Lord Abbett & CO. LLC purchased a new stake in Laureate Education during the second quarter valued at $8,743,000. The Manufacturers Life Insurance Company bought a new stake in shares of Laureate Education during the second quarter valued at about $476,000. Summit Partners Public Asset Management LLC bought a new stake in shares of Laureate Education during the second quarter valued at about $1,840,000. State Street Corp increased its stake in shares of Laureate Education by 51.4% in the second quarter. State Street Corp now owns 645,814 shares of the company’s stock valued at $11,321,000 after buying an additional 219,350 shares in the last quarter. Finally, AHL Partners LLP bought a new stake in shares of Laureate Education during the second quarter valued at about $340,000. 98.91% of the stock is currently owned by institutional investors.
Shares of Laureate Education (NASDAQ LAUR) traded up 1.43% on Tuesday, hitting $14.85. The stock had a trading volume of 367,555 shares. The stock has a market cap of $2.50 billion and a P/E ratio of 239.52. The firm has a 50 day moving average of $15.96 and a 200 day moving average of $15.31. Laureate Education has a 12 month low of $12.12 and a 12 month high of $18.96.
Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.25. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.24 billion. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts forecast that Laureate Education will post ($0.97) earnings per share for the current fiscal year.
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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