BMO Capital Markets Boosts Laureate Education (NASDAQ:LAUR) Price Target to $24.00

Laureate Education (NASDAQ:LAUR) had its price objective increased by research analysts at BMO Capital Markets from $23.00 to $24.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 5.96% from the company’s current price.

Laureate Education Price Performance

Shares of LAUR stock opened at $22.65 on Monday. The company’s fifty day simple moving average is $19.74 and its two-hundred day simple moving average is $18.96. Laureate Education has a 52 week low of $13.60 and a 52 week high of $22.92. The stock has a market cap of $3.42 billion, a P/E ratio of 11.68 and a beta of 0.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15.

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

Insider Activity

In other Laureate Education news, Director Ian Kendell Snow sold 520,831 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $17.47, for a total transaction of $9,098,917.57. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Laureate Education

Hedge funds have recently added to or reduced their stakes in the company. J.Safra Asset Management Corp grew its stake in shares of Laureate Education by 34.4% during the fourth quarter. J.Safra Asset Management Corp now owns 3,386 shares of the company’s stock valued at $61,000 after buying an additional 866 shares during the last quarter. Blue Trust Inc. purchased a new position in Laureate Education during the 1st quarter valued at $62,000. Avanza Fonder AB purchased a new position in Laureate Education during the 1st quarter valued at $93,000. CWM LLC grew its position in Laureate Education by 260.1% in the 1st quarter. CWM LLC now owns 4,901 shares of the company’s stock valued at $100,000 after acquiring an additional 3,540 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Laureate Education in the first quarter worth $102,000. 96.27% of the stock is currently owned by 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.