Barclays PLC cut shares of Nord Anglia Education, Inc. (NYSE:NORD) from an overweight rating to an equal weight rating in a report released on Tuesday. The firm currently has $24.00 price objective on the stock, up from their prior price objective of $22.00.
Several other brokerages also recently commented on NORD. Zacks Investment Research downgraded shares of Nord Anglia Education from a hold rating to a sell rating in a report on Thursday, October 27th. Credit Suisse Group set a $25.00 price target on shares of Nord Anglia Education and gave the company a buy rating in a report on Tuesday, October 11th. CLSA downgraded shares of Nord Anglia Education from an outperform rating to an underperform rating in a report on Wednesday, November 30th. Finally, J P Morgan Chase & Co raised their price target on shares of Nord Anglia Education from $24.00 to $25.00 and gave the company an overweight rating in a report on Wednesday, November 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $25.17.
Nord Anglia Education (NYSE:NORD) traded up 0.17% during mid-day trading on Tuesday, reaching $23.24. The company had a trading volume of 85,385 shares. The firm has a 50-day moving average price of $23.39 and a 200 day moving average price of $22.29. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 51.64 and a beta of 0.96. Nord Anglia Education has a 12-month low of $14.58 and a 12-month high of $24.47.
Nord Anglia Education (NYSE:NORD) last released its quarterly earnings data on Tuesday, November 29th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. Nord Anglia Education had a net margin of 5.89% and a return on equity of 22.91%. The business earned $115.10 million during the quarter, compared to analyst estimates of $110.77 million. During the same period in the previous year, the business earned ($0.22) EPS. Nord Anglia Education’s revenue was up 27.2% compared to the same quarter last year. Analysts expect that Nord Anglia Education will post $0.66 EPS for the current year.
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Several institutional investors have recently added to or reduced their stakes in NORD. TimesSquare Capital Management LLC boosted its position in Nord Anglia Education by 2.1% in the third quarter. TimesSquare Capital Management LLC now owns 1,863,191 shares of the company’s stock worth $40,580,000 after buying an additional 38,600 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in Nord Anglia Education by 17.7% in the second quarter. Loomis Sayles & Co. L P now owns 1,269,903 shares of the company’s stock worth $26,846,000 after buying an additional 191,378 shares during the last quarter. Triple Frond Partners LLC purchased a new position in Nord Anglia Education during the second quarter worth about $10,190,000. Janus Capital Management LLC boosted its position in Nord Anglia Education by 14.8% in the second quarter. Janus Capital Management LLC now owns 263,357 shares of the company’s stock worth $5,567,000 after buying an additional 34,012 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Nord Anglia Education by 6.6% in the second quarter. Thrivent Financial for Lutherans now owns 251,800 shares of the company’s stock worth $5,323,000 after buying an additional 15,600 shares during the last quarter. Hedge funds and other institutional investors own 31.45% of the company’s stock.
About Nord Anglia Education
Nord Anglia Education, Inc is an operator of international schools. As of August 31, 2016, the Company taught over 37,000 students, from kindergarten through the end of secondary school (K-12), at its 43 schools in China, Europe, the Middle East, South East Asia and North America. The Company’s segments include China, Europe, Middle East (ME), Southeast Asia (SEA), North America and Other.
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