Barrington Research reiterated their buy rating on shares of Laureate Education (NASDAQ:LAUR) in a research note released on Thursday morning, AnalystRatings.com reports. Barrington Research currently has a $22.00 target price on the stock.
LAUR has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Laureate Education from a buy rating to a hold rating in a research note on Saturday, August 10th. Stifel Nicolaus set a $22.00 target price on shares of Laureate Education and gave the stock a buy rating in a research note on Friday, August 30th. Citigroup reissued a buy rating and set a $22.00 target price (up previously from $19.00) on shares of Laureate Education in a research note on Wednesday, August 28th. BMO Capital Markets lifted their target price on shares of Laureate Education from $18.00 to $20.00 and gave the stock an outperform rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Laureate Education from $22.00 to $25.00 and gave the stock an overweight rating in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $21.50.
Shares of LAUR stock traded up $0.06 during trading hours on Thursday, hitting $16.83. 149,054 shares of the company’s stock traded hands, compared to its average volume of 1,192,475. Laureate Education has a 12 month low of $13.58 and a 12 month high of $18.57. The stock’s 50 day simple moving average is $17.14 and its 200 day simple moving average is $16.08. The stock has a market cap of $3.68 billion, a PE ratio of -565.33, a price-to-earnings-growth ratio of 2.09 and a beta of 0.20. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.68.
In other Laureate Education news, Director Saric Ruldolf Christophe Hoehn sold 701,819 shares of Laureate Education stock in a transaction on Monday, June 17th. The shares were sold at an average price of $15.30, for a total value of $10,737,830.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paula R. Singer sold 3,348 shares of Laureate Education stock in a transaction on Monday, July 1st. The shares were sold at an average price of $15.81, for a total transaction of $52,931.88. Following the completion of the sale, the chief executive officer now directly owns 33,274 shares of the company’s stock, valued at $526,061.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,666,863 shares of company stock valued at $178,518,103. Insiders own 2.97% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. New York State Teachers Retirement System bought a new stake in Laureate Education in the second quarter valued at $130,000. SG Americas Securities LLC increased its stake in Laureate Education by 53.6% in the first quarter. SG Americas Securities LLC now owns 10,960 shares of the company’s stock valued at $164,000 after purchasing an additional 3,823 shares in the last quarter. Man Group plc bought a new stake in Laureate Education in the second quarter valued at $192,000. ETRADE Capital Management LLC bought a new stake in Laureate Education in the second quarter valued at $195,000. Finally, CPV Partners LLC bought a new stake in Laureate Education in the second quarter valued at $225,000. 50.43% of the stock is owned by hedge funds and other institutional investors.
About Laureate Education
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.
Recommended Story: Why are percentage gainers important?
Receive News & Ratings for Laureate Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laureate Education and related companies with MarketBeat.com's FREE daily email newsletter.