Laureate Education Inc. (LAUR) Given New $15.00 Price Target at Barclays PLC
Laureate Education Inc. (NASDAQ:LAUR) had its price target decreased by Barclays PLC from $17.00 to $15.00 in a research note published on Monday morning, Marketbeat.com reports. Barclays PLC currently has an equal weight rating on the stock.
Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Laureate Education from a hold rating to a sell rating in a research report on Wednesday, November 1st. Piper Jaffray Companies reaffirmed a buy rating and set a $16.50 price objective on shares of Laureate Education in a research report on Friday, November 10th. ValuEngine downgraded shares of Laureate Education from a hold rating to a sell rating in a research report on Friday, November 10th. Stifel Nicolaus reaffirmed a buy rating and set a $18.00 price objective (down previously from $21.00) on shares of Laureate Education in a research report on Thursday, November 9th. Finally, Credit Suisse Group cut their target price on Laureate Education from $20.00 to $19.00 and set an outperform rating on the stock in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Laureate Education has a consensus rating of Buy and a consensus price target of $16.82.
Shares of Laureate Education (NASDAQ LAUR) opened at $11.63 on Monday. Laureate Education has a 52-week low of $10.46 and a 52-week high of $18.96. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.82 and a current ratio of 0.82.
Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.41). The company had revenue of $983.40 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 5.8% on a year-over-year basis. equities analysts forecast that Laureate Education will post -1.58 earnings per share for the current fiscal year.
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In related news, COO Ricardo M. Berckemeyer sold 47,983 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $14.29, for a total value of $685,677.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.10% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. GSA Capital Partners LLP bought a new position in Laureate Education during the 3rd quarter valued at $406,000. Neuberger Berman Group LLC lifted its stake in Laureate Education by 10.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,504,042 shares of the company’s stock valued at $21,884,000 after acquiring an additional 142,733 shares in the last quarter. Pacific Grove Capital LP bought a new position in Laureate Education during the 3rd quarter valued at $1,764,000. Highbridge Capital Management LLC bought a new position in Laureate Education during the 3rd quarter valued at $402,000. Finally, Alyeska Investment Group L.P. lifted its stake in Laureate Education by 52.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,562,135 shares of the company’s stock valued at $22,729,000 after acquiring an additional 536,982 shares in the last quarter. Institutional investors and hedge funds own 23.90% of the company’s stock.
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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