Laureate Education Inc (LAUR) Given Consensus Rating of “Buy” by Brokerages
Shares of Laureate Education Inc (NASDAQ:LAUR) have received a consensus recommendation of “Buy” from the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $16.82.
LAUR has been the subject of a number of research reports. Zacks Investment Research cut Laureate Education from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. ValuEngine cut Laureate Education from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. BMO Capital Markets dropped their price objective on Laureate Education from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday, November 9th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $16.50 price objective on shares of Laureate Education in a research note on Friday, November 10th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $18.00 price objective (down from $21.00) on shares of Laureate Education in a research note on Thursday, November 9th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Laureate Education by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,594,713 shares of the company’s stock worth $45,486,000 after purchasing an additional 113,868 shares in the last quarter. Franklin Resources Inc. grew its stake in Laureate Education by 171.6% during the 2nd quarter. Franklin Resources Inc. now owns 2,171,612 shares of the company’s stock worth $38,068,000 after purchasing an additional 1,372,023 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in Laureate Education by 52.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,562,135 shares of the company’s stock worth $22,729,000 after purchasing an additional 536,982 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Laureate Education by 10.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,504,042 shares of the company’s stock worth $21,884,000 after purchasing an additional 142,733 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Laureate Education by 16.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,396,390 shares of the company’s stock worth $20,317,000 after purchasing an additional 196,140 shares in the last quarter. 28.39% of the stock is owned by hedge funds and other institutional investors.
Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings data on Wednesday, November 8th. The company reported ($1.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.41). Laureate Education had a negative net margin of 1.47% and a negative return on equity of 2.66%. The firm had revenue of $983.40 million during the quarter, compared to analyst estimates of $972.59 million. The firm’s revenue was up 5.8% compared to the same quarter last year. equities research analysts anticipate that Laureate Education will post -1.58 earnings per share for the current fiscal year.
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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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