Zacks Investment Research Upgrades Laureate Education (NASDAQ:LAUR) to Buy

Laureate Education (NASDAQ:LAURGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday, Zacks.com reports. The firm presently has a $13.00 target price on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 13.24% from the company’s current price.

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 opened at $11.48 on Tuesday. The stock has a 50 day moving average of $11.94. Laureate Education has a twelve month low of $9.41 and a twelve month high of $19.02. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 6.79 and a beta of 0.81.

Laureate Education (NASDAQ:LAURGet Rating) last posted its earnings results on Thursday, February 24th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.18). Laureate Education had a negative return on equity of 6.06% and a net margin of 28.42%. The company had revenue of $296.70 million during the quarter, compared to analyst estimates of $295.70 million. On average, research analysts expect that Laureate Education will post 0.81 EPS for the current year.

In other news, COO Marcelo Cardoso sold 37,779 shares of the company’s stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $12.26, for a total transaction of $463,170.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eilif Serck-Hanssen sold 173,761 shares of the company’s stock in a transaction that occurred on Wednesday, March 9th. The stock was sold at an average price of $12.01, for a total value of $2,086,869.61. The disclosure for this sale can be found here. 2.44% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of LAUR. Counterpoint Mutual Funds LLC bought a new position in Laureate Education in the fourth quarter worth $31,000. Maverick Capital Ltd. acquired a new stake in shares of Laureate Education during the 4th quarter valued at about $64,000. UBS Group AG increased its stake in Laureate Education by 3,860.3% in the third quarter. UBS Group AG now owns 5,584 shares of the company’s stock valued at $95,000 after acquiring an additional 5,443 shares during the period. Daiwa Securities Group Inc. raised its position in Laureate Education by 34.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 7,100 shares of the company’s stock worth $87,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Gladius Capital Management LP bought a new position in Laureate Education during the first quarter worth about $96,000. Institutional investors and hedge funds own 72.85% of the company’s stock.

Laureate Education Company Profile (Get Rating)

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. The company offers a range of undergraduate and graduate degree programs in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.

Further Reading

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