Laureate Education Inc. (LAUR) Given a $18.00 Price Target by Morgan Stanley Analysts
Laureate Education Inc. (NASDAQ:LAUR) received a $18.00 target price from analysts at Morgan Stanley in a note issued to investors on Thursday. The firm presently has a “buy” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 69.17% from the company’s previous close.
A number of other equities analysts also recently weighed in on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and set a $19.00 price target on shares of Laureate Education in a research note on Friday, July 21st. Zacks Investment Research downgraded 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 issued a $18.00 target price (down previously from $21.00) on shares of Laureate Education in a research note on Thursday, November 9th. BMO Capital Markets cut their target price on shares of Laureate Education from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Finally, ValuEngine downgraded shares of Laureate Education from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. Laureate Education presently has an average rating of “Buy” and an average target price of $16.98.
Laureate Education (NASDAQ LAUR) opened at $10.64 on Thursday. 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 one year low of $10.46 and a one year high of $18.96.
Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings results on Wednesday, November 8th. The company reported ($1.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.41). The company had revenue of $983.40 million for the quarter, compared to analysts’ expectations of $972.59 million. Laureate Education had a negative return on equity of 2.66% and a negative net margin of 1.47%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. research analysts forecast that Laureate Education will post -1.23 earnings per share for the current year.
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In related news, COO Ricardo M. Berckemeyer sold 47,983 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $14.29, for a total transaction of $685,677.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 13.10% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LAUR. Quantbot Technologies LP acquired a new stake in Laureate Education during the 2nd quarter valued at $122,000. SG Americas Securities LLC acquired a new position in Laureate Education during the 3rd quarter worth $138,000. First Mercantile Trust Co. acquired a new position in Laureate Education during the 2nd quarter worth $150,000. Legal & General Group Plc grew its holdings in Laureate Education by 61.2% during the 2nd quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock worth $150,000 after acquiring an additional 3,240 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Laureate Education in the 2nd quarter valued at about $208,000. 20.77% of the stock is owned by institutional investors and hedge funds.
Laureate Education Company Profile
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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