Nord Anglia Education Inc (NORD) is Downgraded by CLSA to Underperform

Nord Anglia Education Inc (NORD) was Downgraded by CLSA to ” Underperform”. Earlier the firm had a rating of “Outperform ” on the company shares. CLSA advised their investors in a research report released on Nov 30, 2016.

On the company’s financial health, Nord Anglia Education Inc reported $-0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 29, 2016. Analyst had a consensus of $-0.15. The company had revenue of $115.10 million for the quarter, compared to analysts expectations of $111.08 million. The company’s revenue was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.22 EPS.

Nord Anglia Education Inc opened for trading at $23.59 and hit $24.28 on the upside on Tuesday, eventually ending the session at $23.77, with a gain of 2.02% or 0.47 points. The heightened volatility saw the trading volume jump to 1,36,343 shares. Company has a market cap of $2,474 M.

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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