Laureate Education (LAUR) Cut to “Sell” at Zacks Investment Research
Zacks Investment Research lowered shares of Laureate Education (NASDAQ:LAUR) from a hold rating to a sell rating in a research report released on Wednesday morning.
According to Zacks, “Laureate Education, Inc. is a degree-granting higher education institutions. The company offers high-quality undergraduate, graduate and specialized programs. Laureate Education, Inc. is headquartered in Baltimore, Maryland. “
LAUR has been the subject of a number of other research reports. Barclays cut their price objective on shares of Laureate Education from $17.00 to $15.00 and set an equal weight rating for the company in a research report on Monday, November 20th. BMO Capital Markets cut their price objective on shares of Laureate Education from $18.00 to $17.00 and set an outperform rating for the company in a research report on Thursday, November 9th. Piper Jaffray Companies reissued a buy rating and set a $16.50 price objective on shares of Laureate Education in a research report on Friday, November 10th. ValuEngine raised shares of Laureate Education from a sell rating to a hold rating in a research report on Wednesday, November 29th. Finally, Credit Suisse Group cut their price objective on shares of Laureate Education from $20.00 to $19.00 and set an outperform rating for the company in a research report on Thursday, November 9th. One equities research 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 has a consensus rating of Buy and a consensus target price of $16.82.
Shares of Laureate Education (LAUR) traded up $0.29 during mid-day trading on Wednesday, hitting $15.67. 397,762 shares of the stock were exchanged, compared to its average volume of 600,769. Laureate Education has a 12-month low of $10.46 and a 12-month high of $18.96. 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 (NASDAQ:LAUR) last issued its quarterly earnings data on Wednesday, November 8th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.41). Laureate Education had a negative net margin of 1.47% and a negative return on equity of 2.66%. The business had revenue of $983.40 million for the quarter, compared to the consensus estimate of $972.59 million. Laureate Education’s revenue for the quarter was up 5.8% on a year-over-year basis. sell-side analysts forecast that Laureate Education will post -1.58 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of LAUR. Franklin Resources Inc. boosted its holdings in Laureate Education by 171.6% in the 2nd quarter. Franklin Resources Inc. now owns 2,171,612 shares of the company’s stock worth $38,068,000 after buying an additional 1,372,023 shares during the period. Alyeska Investment Group L.P. boosted its holdings in Laureate Education by 52.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,562,135 shares of the company’s stock worth $22,729,000 after buying an additional 536,982 shares during the period. Lord Abbett & CO. LLC bought a new position in Laureate Education in the 2nd quarter worth $8,743,000. Northern Trust Corp boosted its holdings in Laureate Education by 152.3% in the 2nd quarter. Northern Trust Corp now owns 384,965 shares of the company’s stock worth $6,748,000 after buying an additional 232,383 shares during the period. Finally, State Street Corp boosted its holdings in Laureate Education by 51.4% in the 2nd quarter. State Street Corp now owns 645,814 shares of the company’s stock worth $11,321,000 after buying an additional 219,350 shares during the period. 28.36% of the stock is owned by institutional investors.
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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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