Laureate Education (NASDAQ:LAUR) Price Target Raised to $23.00

Laureate Education (NASDAQ:LAUR) had its price target lifted by BMO Capital Markets from $21.00 to $23.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Laureate Education Price Performance

Shares of NASDAQ:LAUR opened at $19.70 on Monday. 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 has a twelve month low of $13.10 and a twelve month high of $21.73. The stock’s 50 day moving average is $18.97 and its 200-day moving average is $17.51. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 10.15 and a beta of 0.84.

Laureate Education (NASDAQ:LAUR) last issued its earnings results on Thursday, February 20th. The company reported $0.62 earnings per share 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 analyst estimates of $411.50 million. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. Sell-side analysts forecast that Laureate Education will post 1.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Laureate Education

A number of institutional investors and hedge funds have recently bought and sold shares of LAUR. Creative Planning purchased a new stake in Laureate Education in the 3rd quarter valued at $181,000. Nisa Investment Advisors LLC raised its position in Laureate Education by 3.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 22,174 shares of the company’s stock valued at $368,000 after buying an additional 682 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Laureate Education in the 3rd quarter valued at $95,000. Harbor Capital Advisors Inc. raised its position in Laureate Education by 207.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 824,985 shares of the company’s stock valued at $13,703,000 after buying an additional 556,573 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Laureate Education by 51.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,259 shares of the company’s stock valued at $36,000 after buying an additional 763 shares during the last quarter. 96.27% of the stock is 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.