Brokerages Set Laureate Education Inc (LAUR) Price Target at $18.63

Shares of Laureate Education Inc (NASDAQ:LAUR) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $18.63.

LAUR has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Laureate Education from a “c” rating to a “b-” rating in a report on Friday, April 26th. Zacks Investment Research upgraded shares of Laureate Education from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Friday, March 8th.

Shares of NASDAQ LAUR traded down $0.11 during midday trading on Thursday, reaching $16.48. 454,338 shares of the stock were exchanged, compared to its average volume of 521,719. The company has a market capitalization of $3.70 billion, a P/E ratio of -549.33, a P/E/G ratio of 2.75 and a beta of 0.43. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.87 and a quick ratio of 1.02. Laureate Education has a twelve month low of $13.58 and a twelve month high of $17.15.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.60) by $1.45. The business had revenue of $621.80 million during the quarter, compared to the consensus estimate of $609.98 million. Laureate Education had a net margin of 11.00% and a return on equity of 4.71%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 EPS. As a group, research analysts expect that Laureate Education will post 0.5 EPS for the current year.

In related news, CEO Paula R. Singer sold 15,000 shares of Laureate Education stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $16.62, for a total value of $249,300.00. Following the completion of the sale, the chief executive officer now owns 39,970 shares in the company, valued at approximately $664,301.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jose Roberto Loureiro sold 28,140 shares of Laureate Education stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $15.02, for a total transaction of $422,662.80. Following the completion of the sale, the chief executive officer now owns 12,555 shares of the company’s stock, valued at approximately $188,576.10. The disclosure for this sale can be found here. Insiders sold a total of 56,667 shares of company stock valued at $876,524 in the last quarter. 2.97% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the business. FMR LLC grew its stake in shares of Laureate Education by 19.4% in the first quarter. FMR LLC now owns 13,450,964 shares of the company’s stock worth $201,362,000 after acquiring an additional 2,184,985 shares in the last quarter. BlackRock Inc. lifted its position in Laureate Education by 28.2% in the fourth quarter. BlackRock Inc. now owns 6,283,058 shares of the company’s stock valued at $95,755,000 after acquiring an additional 1,382,466 shares during the last quarter. Vanguard Group Inc. lifted its position in Laureate Education by 7.6% in the third quarter. Vanguard Group Inc. now owns 6,001,634 shares of the company’s stock valued at $92,664,000 after acquiring an additional 425,706 shares during the last quarter. Vanguard Group Inc lifted its position in Laureate Education by 7.6% in the third quarter. Vanguard Group Inc now owns 6,001,634 shares of the company’s stock valued at $92,664,000 after acquiring an additional 425,706 shares during the last quarter. Finally, Van Berkom & Associates Inc. lifted its position in Laureate Education by 12.2% in the first quarter. Van Berkom & Associates Inc. now owns 4,758,368 shares of the company’s stock valued at $71,233,000 after acquiring an additional 516,600 shares during the last quarter. Institutional investors and hedge funds own 43.37% of the company’s stock.

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.

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