Laureate Education Inc Received its Third Buy in a Row

After Robert W. Baird and BMO Capital assigned a Buy rating to Laureate Education Inc in the last month, the company received another Buy, this time from Piper Jaffray. Analyst Peter Appert reiterated a Buy rating on Laureate Education Inc (NASDAQ: LAUR) yesterday and set a price target of $20. The company’s shares closed yesterday at $15.05.

According to TipRanks.com, Appert is a 5-star analyst with an average return of 22.3% and a 76.8% success rate. Appert covers the Services sector, focusing on stocks such as Universal Technical Institute Inc, Adtalem Global Education Inc, and Apollo Education Group Inc.

Currently, the analyst consensus on Laureate Education Inc is Strong Buy and the average price target is $18.40, representing a 22.3% upside.

In a report issued on January 8, Robert W. Baird also reiterated a Buy rating on the stock with a $17 price target.

Based on Laureate Education Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $983 million and GAAP net loss of $98.06 million. In comparison, last year the company earned revenue of $1.18 billion and had a net profit of $36.43 million.

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Laureate Education, Inc. engages in the provision of higher educational services to undergraduate and graduate degree programs. Through the Laureate International Universities network, offers different fields of study including business, education, engineering, information technology, law, and medicine.

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