Adtalem Global Education (NYSE:ATGE) PT Raised to $95.00 at Barrington Research

Adtalem Global Education (NYSE:ATGE) had its price objective boosted by investment analysts at Barrington Research from $90.00 to $95.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s target price points to a potential upside of 28.47% from the stock’s current price.

A number of other equities analysts have also weighed in on ATGE. StockNews.com upgraded shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. BMO Capital Markets upped their price target on Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th.

Adtalem Global Education Price Performance

Shares of Adtalem Global Education stock opened at $73.95 on Wednesday. The stock has a market capitalization of $2.78 billion, a P/E ratio of 28.18, a PEG ratio of 0.84 and a beta of 0.95. The business has a 50 day simple moving average of $73.74 and a two-hundred day simple moving average of $68.57. Adtalem Global Education has a 12 month low of $43.78 and a 12 month high of $80.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.86.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.12 by $0.17. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The firm had revenue of $417.40 million during the quarter, compared to the consensus estimate of $397.48 million. During the same period in the prior year, the company earned $0.93 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. As a group, analysts predict that Adtalem Global Education will post 5.72 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Lisa W. Wardell sold 67,330 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the sale, the director now owns 94,804 shares of the company’s stock, valued at approximately $6,779,434.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Lisa W. Wardell sold 24,637 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total value of $1,862,557.20. Following the sale, the director now directly owns 105,085 shares of the company’s stock, valued at approximately $7,944,426. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lisa W. Wardell sold 67,330 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the completion of the transaction, the director now owns 94,804 shares in the company, valued at approximately $6,779,434.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,440 shares of company stock worth $10,889,450. Insiders own 2.20% of the company’s stock.

Institutional Trading of Adtalem Global Education

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in Adtalem Global Education by 133.8% during the first quarter. BNP Paribas Financial Markets now owns 47,394 shares of the company’s stock worth $2,436,000 after purchasing an additional 27,124 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Adtalem Global Education during the 1st quarter worth approximately $565,000. Vanguard Group Inc. boosted its position in Adtalem Global Education by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock valued at $227,299,000 after buying an additional 100,705 shares during the period. Moloney Securities Asset Management LLC acquired a new position in shares of Adtalem Global Education in the first quarter worth $935,000. Finally, Lazard Asset Management LLC increased its position in shares of Adtalem Global Education by 111,288.6% during the first quarter. Lazard Asset Management LLC now owns 49,011 shares of the company’s stock worth $2,518,000 after acquiring an additional 48,967 shares during the period. Hedge funds and other institutional investors 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.