Piper Jaffray analyst Peter Appert reiterated a Buy rating on Laureate Education Inc (NASDAQ: LAUR) today and set a price target of $22. The company’s shares closed yesterday at $16.38, close to its 52-week high of $16.99.
According to TipRanks.com, Appert is a 5-star analyst with an average return of 22.3% and a 80.4% success rate. Appert covers the Services sector, focusing on stocks such as Universal Technical Institute Inc, Adtalem Global Education Inc, and American Public Education.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Laureate Education Inc with a $20 average price target, representing a 22.1% upside. In a report issued on August 7, Barrington also maintained a Buy rating on the stock with a $20 price target.
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Based on Laureate Education Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $294 million. In comparison, last year the company had a net profit of $47.17 million.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock.
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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.
