Nord Anglia Education Inc (NORD) is Downgraded by Credit Agricole to Outperform

Nord Anglia Education Inc (NORD) was Downgraded by Credit Agricole to ” Outperform”. Earlier the firm had a rating of “Buy ” on the company shares. Credit Agricole advised their investors in a research report released on Jun 13, 2016.

On the company’s financial health, Nord Anglia Education Inc reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $0.28. The company had revenue of $243.50 million for the quarter, compared to analysts expectations of $245.53 million. The company’s revenue was up 48.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Nord Anglia Education Inc closed down -0.62 points or -2.75% at $21.91 with 1,70,747 shares getting traded on Friday. Post opening the session at $22.46, the shares hit an intraday low of $21.62 and an intraday high of $22.69 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

Nord Anglia Education Inc

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