Laureate Education (NASDAQ:LAUR) Price Target Raised to $20.00 at BMO Capital Markets

Laureate Education (NASDAQ:LAUR) had its target price hoisted by BMO Capital Markets from $17.00 to $20.00 in a research report released on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

Separately, Morgan Stanley lowered Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 target price for the company. in a research note on Friday, July 26th.

Laureate Education Trading Up 2.4 %

Laureate Education stock opened at $17.30 on Friday. Laureate Education has a 52 week low of $12.45 and a 52 week high of $18.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 10.95 and a beta of 0.82. The company has a 50 day moving average price of $15.82 and a 200 day moving average price of $15.30.

Laureate Education (NASDAQ:LAUR) last released its earnings results on Thursday, October 31st. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.40. The company had revenue of $368.60 million during the quarter, compared to the consensus estimate of $361.80 million. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. Research analysts forecast that Laureate Education will post 1.42 EPS for the current year.

Hedge Funds Weigh In On Laureate Education

Several institutional investors have recently modified their holdings of LAUR. Vanguard Group Inc. raised its holdings in Laureate Education by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 14,231,273 shares of the company’s stock worth $207,350,000 after buying an additional 136,865 shares during the period. Van Berkom & Associates Inc. lifted its position in Laureate Education by 2.2% in the 2nd quarter. Van Berkom & Associates Inc. now owns 6,951,804 shares of the company’s stock valued at $103,860,000 after acquiring an additional 151,397 shares in the last quarter. Engine Capital Management LP boosted its stake in Laureate Education by 3.7% in the 2nd quarter. Engine Capital Management LP now owns 2,927,487 shares of the company’s stock worth $43,737,000 after purchasing an additional 104,232 shares during the period. Swedbank AB lifted its stake in Laureate Education by 225.8% in the 3rd quarter. Swedbank AB now owns 2,513,300 shares of the company’s stock valued at $41,746,000 after acquiring an additional 1,741,800 shares in the last quarter. Finally, Fourth Sail Capital LP boosted its holdings in Laureate Education by 2.3% during the second quarter. Fourth Sail Capital LP now owns 2,170,727 shares of the company’s stock worth $32,431,000 after purchasing an additional 48,635 shares during the last quarter. Institutional investors own 96.27% of the company’s stock.

About Laureate Education

Laureate Education, Inc, together with its subsidiaries, offers higher education programs and services to students through a network of universities and higher education institutions. The company provides a range of undergraduate and graduate degree programs in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.