Adtalem Global Education (NYSE:ATGE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Barrington Research in a research note issued to investors on Thursday, May 16th, AnalystRatings.com reports. They presently have a $55.00 price target on the stock. Barrington Research’s price objective would indicate a potential upside of 27.20% from the stock’s current price.
ATGE has been the topic of a number of other research reports. BMO Capital Markets restated an “outperform” rating and set a $50.00 price target on shares of Adtalem Global Education in a report on Wednesday, May 15th. Zacks Investment Research lowered shares of Adtalem Global Education from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Finally, ValuEngine lowered shares of Adtalem Global Education from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Adtalem Global Education has an average rating of “Buy” and a consensus price target of $55.60.
NYSE ATGE opened at $43.24 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.75 and a current ratio of 1.75. Adtalem Global Education has a 12 month low of $42.36 and a 12 month high of $58.80. The company has a market capitalization of $2.45 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 1.15 and a beta of 0.86.
Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, May 2nd. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $308.61 million for the quarter, compared to the consensus estimate of $315.35 million. During the same period in the previous year, the firm earned $0.70 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts expect that Adtalem Global Education will post 2.83 EPS for the current fiscal year.
In other Adtalem Global Education news, insider Patrick J. Unzicker sold 2,953 shares of the company’s stock in a transaction that occurred 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 transaction, 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 SEC, which can be accessed through this link. 1.91% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. Man Group plc grew its position in Adtalem Global Education by 4.7% in the first quarter. Man Group plc now owns 160,344 shares of the company’s stock worth $7,426,000 after acquiring an additional 7,204 shares in the last quarter. SEI Investments Co grew its position in Adtalem Global Education by 14.3% in the first quarter. SEI Investments Co now owns 160,019 shares of the company’s stock worth $7,386,000 after acquiring an additional 19,999 shares in the last quarter. Goldman Sachs Group Inc. grew its position in 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 worth $92,662,000 after acquiring an additional 9,460 shares in the last quarter. Geode Capital Management LLC grew its position in Adtalem Global Education by 6.8% in the first quarter. Geode Capital Management LLC now owns 668,055 shares of the company’s stock worth $30,944,000 after acquiring an additional 42,447 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Adtalem Global Education by 2.1% in 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 in the last quarter. 96.83% of the stock is owned by institutional investors.
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.
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