Adtalem Global Education (NYSE:ATGE)‘s stock had its “buy” rating reaffirmed by Barrington Research in a report released on Thursday, May 16th, AnalystRatings.com reports. They presently have a $55.00 price target on the stock. Barrington Research’s price target would indicate a potential upside of 25.63% from the company’s previous close.
Several other equities research analysts also recently commented on ATGE. Zacks Investment Research downgraded shares of Adtalem Global Education from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. ValuEngine downgraded shares of Adtalem Global Education from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $50.00 price target on shares of Adtalem Global Education in a research report on Wednesday, May 15th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $55.60.
Shares of NYSE ATGE traded up $0.34 during mid-day trading on Thursday, reaching $43.78. 4,495 shares of the company were exchanged, compared to its average volume of 336,433. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market cap of $2.47 billion, a PE ratio of 15.76, a P/E/G ratio of 1.16 and a beta of 0.86. Adtalem Global Education has a twelve month low of $42.36 and a twelve month high of $58.80.
Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, May 2nd. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. Adtalem Global Education had a net margin of 8.83% and a return on equity of 11.38%. The firm had revenue of $308.61 million for the quarter, compared to analyst estimates of $315.35 million. During the same period last year, the firm earned $0.70 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. As a group, analysts predict that Adtalem Global Education will post 2.83 EPS for the current fiscal year.
In other news, insider Patrick J. Unzicker sold 2,953 shares of Adtalem Global Education stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $43.07, for a total value of $127,185.71. Following the completion of the sale, the insider now owns 36,070 shares in the company, valued at approximately $1,553,534.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.91% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the business. Man Group plc grew its position in Adtalem Global Education by 4.7% during the first quarter. Man Group plc now owns 160,344 shares of the company’s stock valued at $7,426,000 after acquiring an additional 7,204 shares during the last quarter. SEI Investments Co increased its holdings in shares of Adtalem Global Education by 14.3% in the first quarter. SEI Investments Co now owns 160,019 shares of the company’s stock valued at $7,386,000 after purchasing an additional 19,999 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Adtalem Global Education by 0.5% in the first quarter. Goldman Sachs Group Inc. now owns 2,000,476 shares of the company’s stock valued at $92,662,000 after purchasing an additional 9,460 shares during the period. Geode Capital Management LLC increased its holdings in shares of Adtalem Global Education by 6.8% in the first quarter. Geode Capital Management LLC now owns 668,055 shares of the company’s stock valued at $30,944,000 after purchasing an additional 42,447 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Adtalem Global Education by 2.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 580,711 shares of the company’s stock worth $26,899,000 after acquiring an additional 12,115 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.
Adtalem Global Education Company Profile
Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.
See Also: Buyback
Receive News & Ratings for Adtalem Global Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adtalem Global Education and related companies with MarketBeat.com's FREE daily email newsletter.