Nord Anglia Education Inc. (NORD) Given a $25.00 Price Target at Credit Suisse Group AG
Nord Anglia Education Inc. (NYSE:NORD) received a $25.00 price objective from analysts at Credit Suisse Group AG in a research report issued to clients and investors on Tuesday. The firm currently has a a “buy” rating on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 16.06% from the company’s previous close.
A number of other equities research analysts have also issued reports on NORD. Barclays PLC reaffirmed a “buy” rating on shares of Nord Anglia Education in a research report on Saturday, July 9th. Zacks Investment Research upgraded Nord Anglia Education from a “sell” rating to a “hold” rating in a report on Friday, July 1st. Finally, JPMorgan Chase & Co. lifted their price target on Nord Anglia Education from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, August 9th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $24.71.
Shares of Nord Anglia Education (NYSE:NORD) traded down 2.14% during midday trading on Tuesday, hitting $21.08. The company had a trading volume of 58,048 shares. Nord Anglia Education has a one year low of $14.58 and a one year high of $23.88. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 153.87 and a beta of 0.91. The company’s 50 day moving average is $21.83 and its 200 day moving average is $21.71.
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Nord Anglia Education (NYSE:NORD) last announced its earnings results on Tuesday, July 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $253.80 million for the quarter, compared to analyst estimates of $247.57 million. Nord Anglia Education had a return on equity of 20.31% and a net margin of 2.06%. Nord Anglia Education’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. Equities analysts forecast that Nord Anglia Education will post $0.64 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors purchased a new position in shares of Nord Anglia Education during the second quarter worth approximately $484,000. Vanguard Group Inc. purchased a new position in shares of Nord Anglia Education during the second quarter worth approximately $202,000. JPMorgan Chase & Co. increased its position in shares of Nord Anglia Education by 445.7% in the second quarter. JPMorgan Chase & Co. now owns 4,900 shares of the company’s stock worth $104,000 after buying an additional 4,002 shares during the period. Geneva Advisors LLC increased its position in shares of Nord Anglia Education by 1.9% in the second quarter. Geneva Advisors LLC now owns 180,479 shares of the company’s stock worth $3,815,000 after buying an additional 3,290 shares during the period. Finally, Blair William & Co. IL increased its position in shares of Nord Anglia Education by 8.0% in the second quarter. Blair William & Co. IL now owns 759,687 shares of the company’s stock worth $16,060,000 after buying an additional 55,954 shares during the period. Hedge funds and other institutional investors own 31.51% of the company’s stock.
Nord Anglia Education Company Profile
Nord Anglia Education, Inc is an operator of premium international schools. The principal activities of the Company consist of premium schools and associated activities in China, which includes the People’s Republic of China and Hong Kong Special Administrative Region (SAR); Europe, which includes Switzerland, Slovakia, Hungary, Czech Republic, Spain and Poland; Middle East/South East Asia (ME/SEA), which includes the United Arab Emirates, Qatar, Thailand, Singapore, Cambodia and Vietnam, and North America, which includes the United States and Mexico.
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