Adtalem Global Education (NYSE:ATGE) Price Target Raised to $115.00

Adtalem Global Education (NYSE:ATGE) had its target price boosted by BMO Capital Markets from $108.00 to $115.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Barrington Research lifted their target price on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, January 31st.

Adtalem Global Education Price Performance

Shares of NYSE ATGE opened at $110.10 on Monday. The stock has a market cap of $4.10 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.15 and a beta of 0.97. The firm’s 50-day simple moving average is $94.31 and its 200 day simple moving average is $83.10. Adtalem Global Education has a fifty-two week low of $45.16 and a fifty-two week high of $112.43. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. Equities analysts expect that Adtalem Global Education will post 6.2 EPS for the current year.

Insiders Place Their Bets

In related news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction on Friday, November 29th. The stock was sold at an average price of $90.39, for a total value of $361,560.00. Following the transaction, the director now directly owns 11,659 shares in the company, valued at $1,053,857.01. The trade was a 25.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Adtalem Global Education

Several hedge funds have recently modified their holdings of the stock. Bailard Inc. acquired a new stake in Adtalem Global Education during the 4th quarter worth about $379,000. Smartleaf Asset Management LLC boosted its stake in Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock worth $86,000 after purchasing an additional 634 shares during the period. US Bancorp DE grew its position in Adtalem Global Education by 4.8% during the 4th quarter. US Bancorp DE now owns 3,285 shares of the company’s stock worth $298,000 after purchasing an additional 151 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock valued at $72,000 after purchasing an additional 776 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Adtalem Global Education during the 4th quarter valued at $836,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

About Adtalem Global Education

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.