Shares of Laureate Education Inc (NASDAQ:LAUR) have been assigned a consensus recommendation of “Buy” from the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $17.07.
Several equities analysts have recently commented on LAUR shares. Zacks Investment Research lowered shares of Laureate Education from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. ValuEngine lowered shares of Laureate Education from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. BMO Capital Markets reiterated a “buy” rating and set a $18.00 price objective on shares of Laureate Education in a research note on Wednesday, January 17th. Piper Jaffray Companies reiterated a “buy” rating and set a $16.50 price objective on shares of Laureate Education in a research note on Friday, November 10th. Finally, Stifel Nicolaus reiterated 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, November 9th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake in Laureate Education by 692.2% during the second quarter. Goldman Sachs Group Inc. now owns 155,558 shares of the company’s stock worth $2,727,000 after acquiring an additional 135,921 shares during the period. Swiss National Bank acquired a new stake in shares of Laureate Education in the second quarter valued at approximately $926,000. Stifel Financial Corp increased its stake in shares of Laureate Education by 1,709.1% in the second quarter. Stifel Financial Corp now owns 185,472 shares of the company’s stock valued at $3,253,000 after purchasing an additional 175,220 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Laureate Education in the third quarter valued at approximately $406,000. Finally, AHL Partners LLP acquired a new stake in shares of Laureate Education in the second quarter valued at approximately $340,000. Hedge funds and other institutional investors own 28.37% of the company’s stock.
Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings results on Wednesday, November 8th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.41). Laureate Education had a negative return on equity of 2.66% and a negative net margin of 1.47%. The company had revenue of $983.40 million for the quarter, compared to the consensus estimate of $972.59 million. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. equities research analysts expect 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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