Shares of Laureate Education Inc (NASDAQ:LAUR) have been assigned a consensus rating of “Buy” from the fifteen research firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $16.82.
A number of brokerages have commented on LAUR. ValuEngine upgraded Laureate Education from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. Barclays lowered their target price on Laureate Education from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Monday, November 20th. Morgan Stanley set a $18.00 target price on Laureate Education and gave the company a “buy” rating in a research note on Thursday, November 16th. Credit Suisse Group lowered their target price on Laureate Education from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Finally, Stifel Nicolaus restated 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.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in shares of Laureate Education during the 3rd quarter worth about $406,000. Neuberger Berman Group LLC lifted its position in shares of Laureate Education by 10.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,504,042 shares of the company’s stock worth $21,884,000 after purchasing an additional 142,733 shares during the last quarter. Pacific Grove Capital LP acquired a new position in shares of Laureate Education during the 3rd quarter worth about $1,764,000. Highbridge Capital Management LLC acquired a new position in shares of Laureate Education during the 3rd quarter worth about $402,000. Finally, Alyeska Investment Group L.P. lifted its position in shares of 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 worth $22,729,000 after purchasing an additional 536,982 shares during the last quarter. Institutional investors own 28.36% of the company’s stock.
Laureate Education (NASDAQ:LAUR) last issued its earnings results on Wednesday, November 8th. The company reported ($1.02) 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 firm had revenue of $983.40 million during the quarter, compared to analysts’ expectations of $972.59 million. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. equities research analysts forecast that Laureate Education will post -1.58 EPS for the current fiscal year.
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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