Laureate Education’s (LAUR) “Buy” Rating Reiterated at Piper Jaffray Companies
Piper Jaffray Companies reaffirmed their buy rating on shares of Laureate Education Inc. (NASDAQ:LAUR) in a research note issued to investors on Friday. The firm currently has a $16.50 price target on the stock.
Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Laureate Education from a hold rating to a sell rating in a research note on Wednesday, November 1st. Stifel Nicolaus reiterated a buy rating and issued a $18.00 price objective (down previously from $21.00) on shares of Laureate Education in a research note on Thursday, November 9th. ValuEngine lowered shares of Laureate Education from a hold rating to a sell rating in a research note on Friday. BMO Capital Markets decreased 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 note on Thursday, November 9th. Finally, Credit Suisse Group decreased 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 note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $16.98.
Shares of Laureate Education (NASDAQ LAUR) opened at $11.13 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.94. Laureate Education has a fifty-two week low of $11.03 and a fifty-two week high of $18.96.
Laureate Education (NASDAQ:LAUR) last posted its 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). Laureate Education had a negative return on equity of 2.66% and a negative net margin of 1.47%. The business had revenue of $983.40 million during the quarter, compared to analyst estimates of $972.59 million. The business’s revenue was up 5.8% on a year-over-year basis. equities research analysts expect that Laureate Education will post -0.98 EPS for the current year.
In other news, COO Ricardo M. Berckemeyer sold 47,983 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through this link. 13.10% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in LAUR. Vanguard Group Inc. bought a new position in shares of Laureate Education during the 1st quarter valued at approximately $35,401,000. Franklin Resources Inc. grew its position in shares of Laureate Education by 171.6% during the 2nd quarter. Franklin Resources Inc. now owns 2,171,612 shares of the company’s stock valued at $38,068,000 after acquiring an additional 1,372,023 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Laureate Education during the 2nd quarter valued at approximately $21,040,000. William Blair Investment Management LLC grew its position in shares of Laureate Education by 137.8% during the 2nd quarter. William Blair Investment Management LLC now owns 1,267,289 shares of the company’s stock valued at $22,216,000 after acquiring an additional 734,271 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in shares of Laureate Education during the 2nd quarter valued at approximately $8,743,000. 20.77% of the stock is owned by hedge funds and other institutional investors.
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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