Laureate Education (LAUR) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Laureate Education (NASDAQ:LAUR) from a sell rating to a hold rating in a research report released on Wednesday.

According to Zacks, “Laureate Education, Inc. is a degree-granting higher education institutions. The company offers high-quality undergraduate, graduate and specialized programs. Laureate Education, Inc. is headquartered in Baltimore, Maryland. “

LAUR has been the subject of a number of other research reports. Barclays decreased their price objective on shares of Laureate Education from $17.00 to $15.00 and set an equal weight rating for the company in a report on Monday, November 20th. Robert W. Baird restated a buy rating and set a $18.00 price objective on shares of Laureate Education in a report on Wednesday. BMO Capital Markets decreased their price objective on shares of Laureate Education from $18.00 to $17.00 and set an outperform rating for the company in a report on Thursday, November 9th. Piper Jaffray Companies restated a buy rating and set a $16.50 price objective on shares of Laureate Education in a report on Friday, November 10th. Finally, ValuEngine upgraded shares of Laureate Education from a sell rating to a hold rating in a report on Wednesday, November 29th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $17.07.

Laureate Education (NASDAQ LAUR) traded down $0.39 during midday trading on Wednesday, reaching $14.87. 484,917 shares of the company were exchanged, compared to its average volume of 481,558. Laureate Education has a 1-year low of $10.46 and a 1-year high of $18.96. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $3,019.66 and a P/E ratio of -9.78.

Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings data on Wednesday, November 8th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $972.59 million. The business’s revenue was up 5.8% compared to the same quarter last year. research analysts predict that Laureate Education will post -1.58 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of LAUR. Schwab Charles Investment Management Inc. boosted its position in Laureate Education by 151.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 167,241 shares of the company’s stock worth $2,932,000 after purchasing an additional 100,668 shares during the period. Rhumbline Advisers bought a new position in Laureate Education during the second quarter worth about $807,000. Bank of New York Mellon Corp boosted its position in Laureate Education by 45.1% during the second quarter. Bank of New York Mellon Corp now owns 158,950 shares of the company’s stock worth $2,786,000 after purchasing an additional 49,371 shares during the period. Legal & General Group Plc boosted its position in Laureate Education by 61.2% during 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 period. Finally, Swiss National Bank bought a new position in Laureate Education during the second quarter worth about $926,000. Hedge funds and other institutional investors own 28.36% of the company’s stock.

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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).

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Analyst Recommendations for Laureate Education (NASDAQ:LAUR)

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