Laureate Education Inc. (NASDAQ:LAUR) had its price objective cut by research analysts at Credit Suisse Group from $20.00 to $19.00 in a research note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s target price would suggest a potential upside of 67.55% from the stock’s current price.
LAUR has been the subject of a number of other research reports. Zacks Investment Research cut shares of Laureate Education from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $17.00 price objective on shares of Laureate Education in a research note on Tuesday, August 29th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $18.00 price objective (down previously from $21.00) on shares of Laureate Education in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $16.98.
Laureate Education (NASDAQ LAUR) traded down $0.27 during mid-day trading on Thursday, hitting $11.34. 911,600 shares of the stock were exchanged, compared to its average volume of 605,261. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.82 and a quick ratio of 0.88. Laureate Education has a twelve month low of $11.03 and a twelve month high of $18.96.
Laureate Education (NASDAQ:LAUR) last released 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). The company had revenue of $983.40 million for the quarter, compared to analysts’ expectations of $972.59 million. Laureate Education had a negative return on equity of 2.66% and a negative net margin of 1.47%. Laureate Education’s quarterly revenue was up 5.8% compared to the same quarter last year. equities analysts anticipate that Laureate Education will post -0.94 EPS for the current fiscal year.
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In related news, CEO Richard J. Patro sold 16,383 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $15.21, for a total transaction of $249,185.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 disclosure for this sale can be found here. 13.10% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. purchased a new stake in shares of Laureate Education in the 1st quarter valued at approximately $1,834,000. Neuberger Berman Group LLC grew its stake in shares of Laureate Education by 33.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,361,309 shares of the company’s stock valued at $23,864,000 after buying an additional 343,649 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Laureate Education in the 2nd quarter valued at approximately $21,040,000. Swiss National Bank purchased a new stake in shares of Laureate Education in the 2nd quarter valued at approximately $926,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Laureate Education by 692.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 155,558 shares of the company’s stock valued at $2,727,000 after buying an additional 135,921 shares during the period. 20.86% of the stock is owned by institutional investors and hedge funds.
About Laureate Education
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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