Piper Jaffray Companies Reiterates Buy Rating for Laureate Education Inc. (LAUR)

Laureate Education Inc. (NASDAQ:LAUR)‘s stock had its “buy” rating reiterated by investment analysts at Piper Jaffray Companies in a research note issued on Friday. They presently have a $16.50 price objective on the stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 45.50% from the company’s previous close.

Several other analysts also recently weighed in on the stock. ValuEngine downgraded shares of Laureate Education from a “hold” rating to a “sell” rating in a research note on Friday. BMO Capital Markets cut their price objective on shares of Laureate Education from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday. Credit Suisse Group cut their price objective on shares of Laureate Education from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Thursday. Stifel Nicolaus reissued a “buy” rating and set a $18.00 price objective (down from $21.00) on shares of Laureate Education in a report on Thursday. Finally, Zacks Investment Research lowered shares of Laureate Education from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Two 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’s stock. The company has an average rating of “Buy” and a consensus price target of $16.98.

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

Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings results on Wednesday, November 8th. The company reported ($1.02) earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $983.40 million for the quarter, compared to the consensus estimate of $972.59 million. The firm’s revenue was up 5.8% compared to the same quarter last year. sell-side analysts predict that Laureate Education will post -0.98 EPS for the current year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new position in Laureate Education in the second quarter worth $122,000. Legal & General Group Plc grew its holdings in Laureate Education by 61.2% in the second quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock worth $150,000 after purchasing an additional 3,240 shares during the last quarter. First Mercantile Trust Co. purchased a new position in Laureate Education in the second quarter worth $150,000. SG Americas Securities LLC purchased a new position in Laureate Education in the third quarter worth $138,000. Finally, Tudor Investment Corp ET AL purchased a new position in Laureate Education in the second quarter worth $208,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

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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