Shares of Adtalem Global Education Inc (NYSE:ATGE) have been assigned an average rating of “Buy” from the seven research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $58.60.
Several equities analysts have recently issued reports on ATGE shares. Barrington Research reissued a “buy” rating and set a $60.00 target price on shares of Adtalem Global Education in a research note on Friday, October 5th. Zacks Investment Research cut Adtalem Global Education from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. BMO Capital Markets boosted their target price on Adtalem Global Education from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Monday, November 5th. Piper Jaffray Companies boosted their target price on Adtalem Global Education to $63.00 and gave the company an “overweight” rating in a research note on Friday, November 2nd. Finally, Robert W. Baird boosted their target price on Adtalem Global Education from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd.
In related news, insider Mehul R. Patel sold 631 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $57.88, for a total value of $36,522.28. Following the sale, the insider now directly owns 8,355 shares of the company’s stock, valued at $483,587.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Christopher C. Nash sold 28,161 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $57.57, for a total value of $1,621,228.77. Following the completion of the sale, the senior vice president now directly owns 33,117 shares in the company, valued at $1,906,545.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,044 shares of company stock worth $2,299,291. 1.91% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of ATGE. Tower Research Capital LLC TRC boosted its holdings in Adtalem Global Education by 772.5% in the third quarter. Tower Research Capital LLC TRC now owns 2,792 shares of the company’s stock worth $134,000 after acquiring an additional 2,472 shares in the last quarter. Brown Advisory Inc. bought a new stake in Adtalem Global Education in the second quarter worth $209,000. Seven Eight Capital LP bought a new stake in Adtalem Global Education in the third quarter worth $213,000. Hartford Investment Management Co. bought a new stake in Adtalem Global Education in the third quarter worth $228,000. Finally, Jane Street Group LLC bought a new stake in Adtalem Global Education in the second quarter worth $231,000. 98.26% of the stock is currently owned by institutional investors.
Adtalem Global Education stock traded down $0.01 during trading hours on Friday, reaching $47.37. The company had a trading volume of 419,616 shares, compared to its average volume of 498,400. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market capitalization of $2.78 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 1.25 and a beta of 0.96. Adtalem Global Education has a 12-month low of $42.45 and a 12-month high of $58.80.
Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.04. The business had revenue of $284.19 million for the quarter, compared to analysts’ expectations of $296.12 million. Adtalem Global Education had a return on equity of 11.43% and a net margin of 0.89%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. Sell-side analysts expect that Adtalem Global Education will post 2.85 earnings per share for the current fiscal year.
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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