Market Rating: Is CLSA Very Negative For Nord Anglia Education (NYSE:NORD) After Its Downgrade?

November 30, 2016 - By olga

Market Rating: Is CLSA Very Negative For Nord Anglia Education (NYSE:NORD) After Its Downgrade?

Nord Anglia Education (NYSE:NORD) Downgrade

In a an analyst report issued today, CLSA lowered shares of Nord Anglia Education (NYSE:NORD) to a “Underperform” rating from a “Outperform” rating.

Nord Anglia Education Inc (NYSE:NORD) Ratings Coverage

Out of 7 analysts covering Nord Anglia Education (NYSE:NORD), 7 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $29 is the highest target while $22 is the lowest. The $24.67 average target is 2.79% above today’s ($24) stock price. Nord Anglia Education has been the topic of 10 analyst reports since October 9, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Nord Anglia Education Inc (NYSE:NORD) rating on Tuesday, October 20. RBC Capital Markets has “Outperform” rating and $28.0 price target. As per Wednesday, February 3, the company rating was reinitiated by Credit Suisse. JP Morgan maintained Nord Anglia Education Inc (NYSE:NORD) rating on Tuesday, August 9. JP Morgan has “Overweight” rating and $24 price target. The stock has “Outperform” rating given by CLSA on Monday, June 13. The firm earned “Outperform” rating on Friday, October 9 by RBC Capital Markets.

The stock increased 0.97% or $0.23 during the last trading session, hitting $24. About 118,650 shares traded hands or 19.33% up from the average. Nord Anglia Education Inc (NYSE:NORD) has risen 11.33% since April 27, 2016 and is uptrending. It has outperformed by 6.11% the S&P500.

Nord Anglia Education, Inc. is an operator of premium international schools. The company has a market cap of $2.55 billion. The principal activities of the Company consist of premium schools and associated activities in China, which includes the People’s Republic of China and Hong Kong Special Administrative Region ; Europe, which includes Switzerland, Slovakia, Hungary, Czech Republic, Spain and Poland; Middle East/South East Asia (ME/SEA), which includes the United Arab Emirates, Qatar, Thailand, Singapore, Cambodia and Vietnam, and North America, which includes the United States and Mexico. It has a 204.48 P/E ratio. The Company’s divisions are China, Europe, ME/SEA, North America and Other.

According to Zacks Investment Research, “Nord Anglia Education Inc. is an international operator of premium schools. It teaches children from kindergarten through the end of secondary school at its 27 premium schools in China, Europe, the Middle East and Southeast Asia and North America. The School also offers vocational schooling, organizational improvement, guidance, consultancy and support, training services, and more. Nord Anglia Education Inc. is headquartered in Central, Hong Kong.”

NORD Company Profile

Nord Anglia Education, Inc., incorporated on December 14, 2011, is an operator of premium international schools. The principal activities of the Company consist of premium schools and associated activities in China, which includes the People’s Republic of China and Hong Kong Special Administrative Region (SAR); Europe, which includes Switzerland, Slovakia, Hungary, Czech Republic, Spain and Poland; Middle East/South East Asia (ME/SEA), which includes the United Arab Emirates, Qatar, Thailand, Singapore, Cambodia and Vietnam, and North America, which includes the United States and Mexico. The Company’s divisions are China, Europe, ME/SEA, North America and Other. The Company’s Other segment includes the learning services division.

More notable recent Nord Anglia Education Inc (NYSE:NORD) news were published by: Prnewswire.com which released: “Nord Anglia Education Announces Second Campus For Nord Anglia International …” on September 12, 2016, also Prnewswire.com with their article: “Nord Anglia Education Announces Starting Student Enrollment, Update On China …” published on October 10, 2016, Prnewswire.com published: “Nord Anglia Education Announces Sale and Leaseback Transactions for $167.0 Million” on April 04, 2016. More interesting news about Nord Anglia Education Inc (NYSE:NORD) were released by: Quotes.Wsj.com and their article: “News Nord Anglia Education Inc.NORD” published on March 24, 2014 as well as Prnewswire.com‘s news article titled: “Nord Anglia Education Announces Plans to Open a Second Campus for St Andrew’s …” with publication date: November 11, 2015.

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