Laureate Education (NASDAQ:LAUR) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Laureate Education (NASDAQ:LAUR) had its price objective raised by analysts at BMO Capital Markets from $21.00 to $23.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 19.29% from the company’s current price.

Laureate Education Trading Down 1.6 %

NASDAQ:LAUR traded down $0.32 on Monday, reaching $19.28. The stock had a trading volume of 204,378 shares, compared to its average volume of 637,748. Laureate Education has a 12-month low of $12.97 and a 12-month high of $21.73. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 9.94 and a beta of 0.84. The firm’s fifty day moving average is $18.92 and its two-hundred day moving average is $17.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.63 and a quick ratio of 0.63.

Laureate Education (NASDAQ:LAUR) last announced its earnings results on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. The firm had revenue of $423.40 million for the quarter, compared to analyst estimates of $411.50 million. Laureate Education had a net margin of 18.92% and a return on equity of 32.35%. Equities analysts expect that Laureate Education will post 1.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Laureate Education

Large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Laureate Education by 31.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 379,277 shares of the company’s stock valued at $6,937,000 after buying an additional 91,145 shares during the period. Voloridge Investment Management LLC purchased a new stake in Laureate Education in the fourth quarter valued at approximately $1,619,000. Two Sigma Investments LP increased its position in Laureate Education by 43.3% during the fourth quarter. Two Sigma Investments LP now owns 91,659 shares of the company’s stock worth $1,676,000 after purchasing an additional 27,699 shares during the last quarter. ProShare Advisors LLC increased its position in Laureate Education by 44.7% during the fourth quarter. ProShare Advisors LLC now owns 36,687 shares of the company’s stock worth $671,000 after purchasing an additional 11,341 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Laureate Education by 12.3% in the 4th quarter. Nuveen Asset Management LLC now owns 1,264,968 shares of the company’s stock valued at $23,136,000 after purchasing an additional 138,135 shares during the last quarter. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

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.