Barrington Research Reaffirms Outperform Rating for Adtalem Global Education (NYSE:ATGE)

Barrington Research restated their outperform rating on shares of Adtalem Global Education (NYSE:ATGE) in a report published on Tuesday, Benzinga reports. The firm currently has a $65.00 price target on the stock.

Separately, StockNews.com downgraded Adtalem Global Education from a strong-buy rating to a buy rating in a research note on Wednesday, February 7th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of Buy and an average price target of $56.67.

Adtalem Global Education Stock Performance

ATGE opened at $47.63 on Tuesday. The stock has a 50-day moving average of $48.64 and a 200-day moving average of $52.61. Adtalem Global Education has a 52-week low of $33.59 and a 52-week high of $62.99. The company has a market cap of $1.87 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 0.68 and a beta of 0.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.23. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. The firm had revenue of $393.24 million during the quarter, compared to the consensus estimate of $372.79 million. During the same quarter in the prior year, the company earned $1.17 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts forecast that Adtalem Global Education will post 4.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adtalem Global Education

Several large investors have recently added to or reduced their stakes in ATGE. Ronald Blue Trust Inc. raised its holdings in Adtalem Global Education by 336.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 737 shares of the company’s stock valued at $32,000 after acquiring an additional 568 shares in the last quarter. Ritholtz Wealth Management acquired a new position in Adtalem Global Education in the 3rd quarter valued at approximately $238,000. SG Americas Securities LLC acquired a new position in Adtalem Global Education in the 3rd quarter valued at approximately $1,288,000. Clear Creek Financial Management LLC raised its holdings in shares of Adtalem Global Education by 2.8% in the 3rd quarter. Clear Creek Financial Management LLC now owns 9,728 shares of the company’s stock worth $417,000 after buying an additional 262 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Adtalem Global Education by 108.2% in the 3rd quarter. Raymond James & Associates now owns 28,350 shares of the company’s stock worth $1,215,000 after buying an additional 14,735 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Adtalem Global Education Company Profile

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.