Nord Anglia Education Got Some Bad News

By Carrie Williams

In a report released today, Mariana Kou from CLSA downgraded Nord Anglia Education (NYSE: NORD) to Sell. The company’s shares opened today at $24, close to its 52-week high of $24.34.

Nord Anglia Education has an analyst consensus of Strong Buy, with a price target consensus of $25.

Based on Nord Anglia Education’s latest earnings report for the quarter ending May 31, the company posted quarterly revenue of $254 million and quarterly net profit of $3.6 million. In comparison, last year the company earned revenue of $244 million and had a net profit of $32.4 million.

Nord Anglia Education, Inc. is a holding company, which engages in the operation of schools and provision of education, training and learning support services. It operates through the following geographical segments: China, Europe, Middle East/South East Asia, and North America. The company was founded in 1972 and is headquartered in Hong Kong.