Morgan Stanley downgrades IDP Education Ltd. (03F) to a Hold
In a report released today, Melinda Baxter from Morgan Stanley downgraded IDP Education Ltd. (03F – Research Report) to a Hold, with a price target of A$4.25. The company's shares closed last Monday at €4.04.
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According to TipRanks, Baxter is an analyst with an average return of -9.4% and a 31.25% success rate. Baxter covers the Consumer Cyclical sector, focusing on stocks such as Wesfarmers Limited, Aristocrat Leisure , and IDP Education Ltd..
In addition to Morgan Stanley, IDP Education Ltd. also received a Hold from Morgans's Scott Murdoch CFA in a report issued today. However, yesterday, Macquarie maintained a Buy rating on IDP Education Ltd. (Frankfurt: 03F).
Based on IDP Education Ltd.'s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €475.35 million and a net profit of €59.54 million. In comparison, last year the company earned a revenue of €577.41 million and had a net profit of €97.17 million
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