CLSA Downgrades Nord Anglia Education Inc to Outperform

Brokerage firm CLSA Downgrades its rating on Nord Anglia Education Inc(NYSE:NORD). The shares have been rated Outperform. Previously, the analysts had a Buy rating on the shares. The rating by CLSA was issued on Jun 13, 2016.

Nord Anglia Education Inc (NORD) made into the market gainers list on Fridays trading session with the shares advancing 0.85% or 0.18 points. Due to strong positive momentum, the stock ended at $21.27, which is also near the day’s high of $21.29. The stock began the session at $21.09 and the volume stood at 5,25,713 shares. The 52-week high of the shares is $27.18 and the 52 week low is $14.58. The company has a current market capitalization of $2,214 M and it has 10,40,91,367 shares in outstanding.

Nord Anglia Education Inc(NORD) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $243.50M. Analysts had an estimated revenue of $245.60M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.27.

Nord Anglia Education Inc. is an international operator of premium schools. The Company teaches children from kindergarten through the end of secondary school (K-12) at its 27 premium schools in China Europe the Middle East and Southeast Asia (ME/SEA) and North America. As of March 11 2014 the Company has schools by 1980 places developed two greenfield schools with a total of 3000 places and acquired 19 schools with a total of 11364 places. On May 22 2013 the Company purchased 100% interest of WCL Group Limited and acquired its 11 schools in North America the Middle East and Europe.

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