Laureate Education (NASDAQ:LAUR) had its price target boosted by Citigroup from $19.00 to $20.00 in a report issued on Wednesday. Citigroup currently has a buy rating on the stock.
Several other analysts also recently issued reports on LAUR. Barrington Research reissued a buy rating and issued a $18.00 price objective on shares of Laureate Education in a research note on Friday, April 27th. ValuEngine raised shares of Laureate Education from a sell rating to a hold rating in a research note on Friday, May 11th. Zacks Investment Research downgraded shares of Laureate Education from a hold rating to a strong sell rating in a research note on Friday, May 11th. JPMorgan Chase & Co. raised their price objective on shares of Laureate Education from $18.00 to $18.50 and gave the stock an overweight rating in a research note on Wednesday, May 23rd. Finally, Barclays reissued a hold rating and issued a $17.00 price objective on shares of Laureate Education in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $18.41.
LAUR traded up $0.29 on Wednesday, hitting $16.27. The company had a trading volume of 16,532 shares, compared to its average volume of 516,507. The firm has a market cap of $3.00 billion, a P/E ratio of -13.34, a P/E/G ratio of 20.51 and a beta of 1.04. Laureate Education has a 12-month low of $10.46 and a 12-month high of $16.99. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.64.
Laureate Education (NASDAQ:LAUR) last released its quarterly earnings results on Thursday, August 9th. The company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.30. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. Laureate Education had a return on equity of 14.72% and a net margin of 11.22%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.28 earnings per share. research analysts forecast that Laureate Education will post 0.06 earnings per share for the current fiscal year.
In other Laureate Education news, CEO Paula R. Singer sold 23,109 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $16.00, for a total value of $369,744.00. Following the completion of the sale, the chief executive officer now owns 76,067 shares of the company’s stock, valued at $1,217,072. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.59% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in LAUR. Geode Capital Management LLC raised its stake in shares of Laureate Education by 14.8% during the fourth quarter. Geode Capital Management LLC now owns 416,349 shares of the company’s stock valued at $5,645,000 after acquiring an additional 53,559 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of Laureate Education during the fourth quarter valued at approximately $290,000. Raymond James & Associates raised its stake in shares of Laureate Education by 62.2% during the fourth quarter. Raymond James & Associates now owns 85,299 shares of the company’s stock valued at $1,157,000 after acquiring an additional 32,724 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Laureate Education by 53.8% during the fourth quarter. Teachers Advisors LLC now owns 99,066 shares of the company’s stock valued at $1,343,000 after acquiring an additional 34,647 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Laureate Education by 18.9% during the fourth quarter. TIAA CREF Investment Management LLC now owns 115,700 shares of the company’s stock valued at $1,569,000 after acquiring an additional 18,394 shares in the last quarter. 30.05% of the stock is owned by institutional investors and hedge funds.
Laureate Education Company Profile
Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through universities and higher education institutions. It operates through six segments: Brazil, Mexico, Andean & Iberian, Central America & U.S. Campuses, EMEAA, and Online & Partnerships.
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