Credit Suisse Group Trims Laureate Education Inc. (LAUR) Target Price to $19.00

Laureate Education Inc. (NASDAQ:LAUR) had its target price cut by Credit Suisse Group from $20.00 to $19.00 in a research note released on Thursday. They currently have an outperform rating on the stock.

LAUR has been the topic of several other research reports. Piper Jaffray Companies reiterated a buy rating and set a $17.00 target price on shares of Laureate Education in a research report on Tuesday, August 29th. Stifel Nicolaus reiterated a buy rating and set a $18.00 target price (down previously from $21.00) on shares of Laureate Education in a research report on Thursday. Finally, Zacks Investment Research cut Laureate Education from a hold rating to a sell rating in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $16.98.

Shares of Laureate Education (NASDAQ LAUR) traded down $0.27 during mid-day trading on Thursday, reaching $11.34. The company had a trading volume of 911,600 shares, compared to its average volume of 418,251. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.88 and a current ratio of 0.82. Laureate Education has a 1 year low of $11.03 and a 1 year high of $18.96.

Laureate Education (NASDAQ:LAUR) last released its earnings results on Wednesday, November 8th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $983.40 million for the quarter, compared to analyst estimates of $972.59 million. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. equities research analysts forecast that Laureate Education will post -0.98 EPS for the current fiscal year.

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In related news, COO Ricardo M. Berckemeyer sold 47,983 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $14.29, for a total value of $685,677.07. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard J. Patro sold 16,383 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $15.21, for a total value of $249,185.43. The disclosure for this sale can be found here. Corporate insiders own 13.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Laureate Education by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,594,713 shares of the company’s stock worth $45,486,000 after acquiring an additional 113,868 shares during the period. Franklin Resources Inc. grew its holdings in shares of Laureate Education by 171.6% in the 2nd quarter. Franklin Resources Inc. now owns 2,171,612 shares of the company’s stock worth $38,068,000 after acquiring an additional 1,372,023 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Laureate Education by 16.3% in 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 acquiring an additional 196,140 shares during the period. Neuberger Berman Group LLC grew its holdings in shares of Laureate Education by 33.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,361,309 shares of the company’s stock worth $23,864,000 after acquiring an additional 343,649 shares during the period. Finally, Hood River Capital Management LLC grew its holdings in shares of Laureate Education by 9.0% in the 2nd quarter. Hood River Capital Management LLC now owns 1,350,934 shares of the company’s stock worth $23,682,000 after acquiring an additional 111,506 shares during the period. Institutional investors and hedge funds own 20.86% of the company’s stock.

Laureate Education Company Profile

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).

Analyst Recommendations for Laureate Education (NASDAQ:LAUR)

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