ValuEngine upgraded shares of Laureate Education (NASDAQ:LAUR) from a sell rating to a hold rating in a research report released on Friday.
Several other research analysts also recently commented on the company. Zacks Investment Research raised Laureate Education from a hold rating to a buy rating and set a $17.00 target price on the stock in a report on Wednesday. Citigroup lifted their target price on Laureate Education from $19.00 to $20.00 and gave the stock a buy rating in a report on Wednesday, August 15th. Barrington Research reaffirmed a buy rating and set a $20.00 target price on shares of Laureate Education in a report on Friday, August 10th. Finally, Barclays reaffirmed a hold rating and set a $17.00 target price on shares of Laureate Education in a report on Friday, August 10th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $18.41.
Shares of NASDAQ LAUR traded up $0.07 during mid-day trading on Friday, hitting $15.07. 1,031,102 shares of the stock traded hands, compared to its average volume of 550,395. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.32. Laureate Education has a twelve month low of $10.46 and a twelve month high of $16.99. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -12.56, a price-to-earnings-growth ratio of 1.89 and a beta of 1.19.
Laureate Education (NASDAQ:LAUR) last released its quarterly earnings data on Thursday, August 9th. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.30. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. Laureate Education had a return on equity of 13.74% and a net margin of 11.22%. Laureate Education’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. On average, research analysts anticipate that Laureate Education will post 0.68 earnings per share for the current fiscal year.
In other news, CEO Paula R. Singer sold 23,109 shares of Laureate Education stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $16.00, for a total value of $369,744.00. Following the completion of the transaction, the chief executive officer now directly owns 76,067 shares of the company’s stock, valued at approximately $1,217,072. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Paula R. Singer sold 7,703 shares of Laureate Education stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $15.31, for a total value of $117,932.93. Following the completion of the transaction, the chief executive officer now directly owns 68,364 shares of the company’s stock, valued at $1,046,652.84. The disclosure for this sale can be found here. Company insiders own 4.59% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Fox Run Management L.L.C. raised its position in shares of Laureate Education by 78.0% in the 2nd quarter. Fox Run Management L.L.C. now owns 25,619 shares of the company’s stock worth $367,000 after acquiring an additional 11,226 shares in the last quarter. Apollo Management Holdings L.P. bought a new stake in Laureate Education in the 2nd quarter valued at about $94,610,000. Chicago Equity Partners LLC bought a new stake in Laureate Education in the 2nd quarter valued at about $4,066,000. Canada Pension Plan Investment Board bought a new stake in Laureate Education in the 2nd quarter valued at about $2,866,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Laureate Education in the 2nd quarter valued at about $887,000. 35.05% of the stock is owned by hedge funds and other institutional investors.
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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