Laureate Education Inc (NASDAQ:LAUR) has been given a consensus recommendation of “Buy” by the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and six have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $21.33.
A number of research analysts recently commented on LAUR shares. JPMorgan Chase & Co. upped their price objective on Laureate Education from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. BMO Capital Markets boosted their price target on Laureate Education from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Zacks Investment Research upgraded Laureate Education from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, October 10th. Citigroup reiterated a “buy” rating and set a $22.00 price target (up previously from $19.00) on shares of Laureate Education in a research report on Wednesday, August 28th. Finally, Stifel Nicolaus set a $22.00 price target on Laureate Education and gave the stock a “buy” rating in a research report on Friday, August 30th.
LAUR traded down $0.16 during trading on Friday, reaching $15.55. 709,565 shares of the company were exchanged, compared to its average volume of 1,660,103. The stock has a market cap of $3.53 billion, a P/E ratio of -518.33, a PEG ratio of 2.00 and a beta of 0.17. The firm has a 50 day moving average of $16.85 and a 200 day moving average of $16.35. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.68. Laureate Education has a 52 week low of $13.58 and a 52 week high of $18.57.
In other news, CEO Paula R. Singer sold 3,348 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $16.41, for a total value of $54,940.68. Following the completion of the sale, the chief executive officer now owns 29,926 shares in the company, valued at $491,085.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Paula R. Singer sold 3,349 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $16.63, for a total value of $55,693.87. Following the completion of the sale, the chief executive officer now owns 23,229 shares of the company’s stock, valued at approximately $386,298.27. The disclosure for this sale can be found here. Insiders have sold a total of 16,007,699 shares of company stock valued at $267,652,310 in the last quarter. 2.97% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in shares of Laureate Education during the second quarter worth $130,000. Man Group plc acquired a new stake in shares of Laureate Education during the second quarter worth $192,000. ETRADE Capital Management LLC acquired a new stake in shares of Laureate Education during the second quarter worth $195,000. CPV Partners LLC acquired a new stake in shares of Laureate Education during the second quarter worth $225,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Laureate Education during the second quarter worth $233,000. Institutional investors and hedge funds own 50.03% of the company’s stock.
Laureate Education Company Profile
Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. It operates through five segments: Brazil, Mexico, Andean, Rest of World, and Online & Partnerships. The company offers a range of undergraduate and graduate degree programs primarily in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.
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