Nord Anglia Education, Inc. (NORD) Rating Increased to Buy at BidaskClub

Nord Anglia Education, Inc. (NYSE:NORD) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other research firms have also weighed in on NORD. BMO Capital Markets lowered Nord Anglia Education from an “outperform” rating to a “market perform” rating and set a $32.50 price target on the stock. in a research report on Thursday, April 27th. J P Morgan Chase & Co lowered Nord Anglia Education from an “overweight” rating to a “neutral” rating and set a $32.50 price target on the stock. in a research report on Wednesday, April 26th. Credit Suisse Group lowered Nord Anglia Education from an “outperform” rating to a “neutral” rating and set a $32.50 price target on the stock. in a research report on Tuesday, April 25th. TheStreet raised Nord Anglia Education from a “d” rating to a “c” rating in a research report on Monday, March 27th. Finally, Citigroup Inc. initiated coverage on Nord Anglia Education in a research report on Tuesday, March 21st. They set a “buy” rating and a $29.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.57.

Analyst Recommendations for Nord Anglia Education (NYSE:NORD)

Shares of Nord Anglia Education (NYSE NORD) traded down 0.09% during midday trading on Friday, reaching $32.41. The company’s stock had a trading volume of 712,279 shares. Nord Anglia Education has a 12 month low of $20.08 and a 12 month high of $32.99. The company has a 50-day moving average price of $32.23 and a 200-day moving average price of $26.26. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 65.61 and a beta of 0.96.

Nord Anglia Education (NYSE:NORD) last posted its quarterly earnings results on Thursday, April 27th. The company reported $0.27 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. The firm had revenue of $259.50 million for the quarter, compared to analyst estimates of $262.11 million. Nord Anglia Education had a return on equity of 22.86% and a net margin of 6.07%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 EPS. Equities analysts expect that Nord Anglia Education will post $0.66 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of NORD. State Street Corp raised its position in Nord Anglia Education by 13.2% in the fourth quarter. State Street Corp now owns 172,433 shares of the company’s stock worth $4,018,000 after buying an additional 20,098 shares during the last quarter. Spark Investment Management LLC acquired a new position in Nord Anglia Education during the first quarter worth $3,491,000. Triple Frond Partners LLC raised its position in Nord Anglia Education by 7.2% in the first quarter. Triple Frond Partners LLC now owns 1,503,073 shares of the company’s stock worth $38,088,000 after buying an additional 100,632 shares during the last quarter. Blair William & Co. IL raised its position in Nord Anglia Education by 6.6% in the first quarter. Blair William & Co. IL now owns 747,582 shares of the company’s stock worth $17,546,000 after buying an additional 46,159 shares during the last quarter. Finally, Geneva Advisors LLC raised its position in Nord Anglia Education by 0.7% in the first quarter. Geneva Advisors LLC now owns 181,591 shares of the company’s stock worth $4,602,000 after buying an additional 1,253 shares during the last quarter. 34.38% of the stock is currently owned by institutional investors and hedge funds.

About Nord Anglia Education

Nord Anglia Education, Inc is an operator of international schools. As of August 31, 2016, the Company taught over 37,000 students, from kindergarten through the end of secondary school (K-12), at its 43 schools in China, Europe, the Middle East, South East Asia and North America. The Company’s segments include China, Europe, Middle East (ME), Southeast Asia (SEA), North America and Other.

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