Adtalem Global Education (NYSE:ATGE) Stock Rating Reaffirmed by Barrington Research

Adtalem Global Education (NYSE:ATGE)‘s stock had its “outperform” rating reiterated by research analysts at Barrington Research in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $90.00 price objective on the stock. Barrington Research’s target price points to a potential upside of 18.98% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets lifted their price target on shares of Adtalem Global Education from $76.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. StockNews.com upgraded Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Robert W. Baird increased their price target on Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd.

Adtalem Global Education Stock Up 0.2 %

ATGE stock opened at $75.64 on Thursday. The stock has a market cap of $2.84 billion, a P/E ratio of 28.44, a P/E/G ratio of 0.90 and a beta of 0.97. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $72.97 and its two-hundred day simple moving average is $61.20. Adtalem Global Education has a 1-year low of $41.89 and a 1-year high of $80.18.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. The company had revenue of $409.91 million for the quarter, compared to analysts’ expectations of $398.64 million. Adtalem Global Education had a return on equity of 14.06% and a net margin of 7.12%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. Analysts expect that Adtalem Global Education will post 4.9 EPS for the current year.

Insider Buying and Selling

In other Adtalem Global Education news, Director Lisa W. Wardell sold 24,637 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the sale, the director now owns 105,085 shares of the company’s stock, valued at approximately $7,944,426. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Lisa W. Wardell sold 67,330 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 94,804 shares in the company, valued at $6,779,434.04. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lisa W. Wardell sold 24,637 shares of the firm’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 transaction of $1,862,557.20. Following the completion of the transaction, the director now owns 105,085 shares of the company’s stock, valued at $7,944,426. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,911 shares of company stock valued at $6,748,503. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Adtalem Global Education

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Adtalem Global Education during the 2nd quarter valued at $43,000. Covestor Ltd grew its position in Adtalem Global Education by 7,430.0% during the first quarter. Covestor Ltd now owns 753 shares of the company’s stock worth $38,000 after buying an additional 743 shares in the last quarter. GAMMA Investing LLC increased its stake in Adtalem Global Education by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after acquiring an additional 433 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Adtalem Global Education in the 1st quarter valued at about $53,000. Finally, Headlands Technologies LLC bought a new stake in shares of Adtalem Global Education during the 1st quarter valued at about $56,000. 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.