Laureate Education (NASDAQ:LAUR) Given New $24.00 Price Target at BMO Capital Markets

Laureate Education (NASDAQ:LAUR - Get Free Report) had its price target increased by equities researchers at BMO Capital Markets from $23.00 to $24.00 in a report released on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' target price suggests a potential upside of 4.94% from the stock's previous close.

Laureate Education Stock Performance

Laureate Education stock traded up $0.22 during trading hours on Monday, hitting $22.87. The company had a trading volume of 890,637 shares, compared to its average volume of 754,161. Laureate Education has a one year low of $13.60 and a one year high of $23.05. The firm has a market cap of $3.45 billion, a PE ratio of 11.79 and a beta of 0.59. The firm has a 50-day moving average of $19.80 and a 200 day moving average of $18.99. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.20. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. The firm had revenue of $423.40 million for the quarter, compared to analyst estimates of $411.50 million. On average, sell-side analysts expect that Laureate Education will post 1.51 earnings per share for the current year.

Insider Transactions at Laureate Education

In related news, Director Ian Kendell Snow sold 520,831 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $17.47, for a total transaction of $9,098,917.57. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company's stock.

Institutional Trading of Laureate Education

Institutional investors have recently modified their holdings of the stock. Barclays PLC raised its stake in Laureate Education by 298.8% in the third quarter. Barclays PLC now owns 230,098 shares of the company's stock valued at $3,823,000 after purchasing an additional 172,405 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Laureate Education by 22.2% in the 4th quarter. Nordea Investment Management AB now owns 39,441 shares of the company's stock valued at $721,000 after buying an additional 7,156 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Laureate Education by 10.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 914,092 shares of the company's stock worth $16,719,000 after acquiring an additional 89,107 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Laureate Education by 71.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 145,274 shares of the company's stock worth $2,657,000 after acquiring an additional 60,616 shares in the last quarter. Finally, Burney Co. bought a new position in Laureate Education in the fourth quarter valued at approximately $666,000. 96.27% of the stock is currently owned by institutional investors.

Laureate Education Company Profile

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.