Adtalem Global Education (NYSE:ATGE) Price Target Raised to $90.00

Adtalem Global Education (NYSE:ATGE) had its price objective upped by BMO Capital Markets from $84.00 to $90.00 in a research note issued to investors on Wednesday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

ATGE has been the topic of several other research reports. Barrington Research raised their price objective on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday. 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.

Adtalem Global Education Stock Down 1.5 %

Adtalem Global Education stock opened at $79.70 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.86. Adtalem Global Education has a fifty-two week low of $43.78 and a fifty-two week high of $85.26. The firm has a fifty day moving average price of $74.14 and a two-hundred day moving average price of $68.98. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 0.94 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.17. The firm had revenue of $417.40 million during the quarter, compared to the consensus estimate of $397.48 million. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS. As a group, analysts forecast that Adtalem Global Education will post 5.85 earnings per share for the current year.

Insider Activity

In related news, Director Lisa W. Wardell sold 67,330 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total value of $4,814,768.30. Following the completion of the transaction, the director now directly owns 94,804 shares of the company’s stock, valued at $6,779,434.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Lisa W. Wardell sold 67,330 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $71.51, for a total value of $4,814,768.30. Following the completion of the transaction, the director now owns 94,804 shares of the company’s stock, valued at $6,779,434.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total value of $71,177.60. Following the sale, the chief accounting officer now directly owns 4,720 shares in the company, valued at $355,888. The trade was 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 have sold 148,440 shares of company stock worth $10,889,450. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Adtalem Global Education

A number of large investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC lifted its holdings in shares of Adtalem Global Education by 1.2% during the second quarter. SummerHaven Investment Management LLC now owns 19,687 shares of the company’s stock valued at $1,343,000 after acquiring an additional 233 shares during the period. The Manufacturers Life Insurance Company grew its stake in Adtalem Global Education by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock worth $1,443,000 after buying an additional 283 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Adtalem Global Education by 5.7% during the first quarter. ProShare Advisors LLC now owns 7,889 shares of the company’s stock worth $405,000 after buying an additional 423 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Adtalem Global Education by 116.7% in the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after acquiring an additional 433 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its holdings in shares of Adtalem Global Education by 3.3% in the 3rd quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company’s stock worth $1,043,000 after acquiring an additional 439 shares in the last quarter. 98.84% of the stock is currently owned by 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.