Laureate Education (NASDAQ:LAUR) Price Target Raised to $20.00

Laureate Education (NASDAQ:LAUR) had its price target upped by BMO Capital Markets from $17.00 to $20.00 in a research note issued to investors on Friday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Separately, Morgan Stanley cut shares of Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 price objective for the company. in a research note on Friday, July 26th.

Laureate Education Stock Down 1.6 %

LAUR stock opened at $16.90 on Friday. The firm has a 50 day moving average of $15.78 and a 200 day moving average of $15.28. The stock has a market capitalization of $2.58 billion, a PE ratio of 10.70 and a beta of 0.81. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.22. Laureate Education has a 52 week low of $12.45 and a 52 week high of $18.39.

Laureate Education (NASDAQ:LAUR) last released its earnings results on Thursday, October 31st. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.40. The company had revenue of $368.60 million during the quarter, compared to analysts’ expectations of $361.80 million. Laureate Education had a net margin of 15.76% and a return on equity of 26.87%. Laureate Education’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS. Sell-side analysts forecast that Laureate Education will post 1.41 earnings per share for the current year.

Institutional Trading of Laureate Education

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its stake in shares of Laureate Education by 24.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,889 shares of the company’s stock valued at $57,000 after purchasing an additional 764 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Laureate Education by 12.0% in the 1st quarter. Principal Financial Group Inc. now owns 17,256 shares of the company’s stock valued at $251,000 after purchasing an additional 1,848 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Laureate Education by 10.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 93,708 shares of the company’s stock valued at $1,365,000 after purchasing an additional 9,077 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Laureate Education by 7.0% in the 1st quarter. BNP Paribas Financial Markets now owns 104,257 shares of the company’s stock valued at $1,519,000 after purchasing an additional 6,825 shares during the period. Finally, Capstone Investment Advisors LLC lifted its stake in shares of Laureate Education by 77.1% in the 1st quarter. Capstone Investment Advisors LLC now owns 150,523 shares of the company’s stock valued at $2,193,000 after purchasing an additional 65,507 shares during the period. 96.27% of the stock is currently owned by institutional investors and hedge funds.

About Laureate Education

Laureate Education, Inc, together with its subsidiaries, offers higher education programs and services to students through a network of universities and higher education institutions. The company provides 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.