JP Morgan Maintains Nord Anglia Education Inc to Overweight with Price Target $24.00

Brokerage firm JP Morgan Maintains its rating on Nord Anglia Education Inc(NYSE:NORD). In a research note issued to the investors, the brokerage major Raises the price-target to $24.00 per share. The shares have been rated Overweight. The rating by JP Morgan was issued on Aug 9, 2016.

In a different note, On Jun 13, 2016, CLSA said it Downgrades its rating on Nord Anglia Education Inc. The shares have been rated ‘Outperform’ by the firm.

Nord Anglia Education Inc (NORD) shares turned negative on Wednesdays trading session with the shares closing down -0.15 points or -0.67% at a volume of 99,668. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.72. The peak price level was also seen at $22.72 while the days lowest was $22.1. Finally the shares closed at $22.28. The 52-week high of the shares is $23.875 while the 52-week low is $14.58. According to the latest information available, the market cap of the company is $2,319 M.

Nord Anglia Education Inc(NORD) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $253.80M. Analysts had an estimated revenue of $245.94M. Earnings per share were $0.28. 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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