BMO Capital Markets Boosts Adtalem Global Education (NYSE:ATGE) Price Target to $90.00

Adtalem Global Education (NYSE:ATGE) had its price objective raised by BMO Capital Markets from $84.00 to $90.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 11.22% from the stock’s current price.

Other analysts also recently issued research reports about the company. Barrington Research upped their price target on Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday. StockNews.com raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd.

Adtalem Global Education Price Performance

Shares of ATGE opened at $80.92 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $3.04 billion, a PE ratio of 30.42, a PEG ratio of 0.84 and a beta of 0.95. The firm’s 50 day moving average price is $74.05 and its 200 day moving average price is $68.74. Adtalem Global Education has a twelve month low of $43.78 and a twelve month high of $85.26.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17. The business had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. Adtalem Global Education’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. As a group, research analysts expect that Adtalem Global Education will post 5.72 EPS for the current fiscal year.

Insider Activity

In related news, Director Lisa W. Wardell sold 24,637 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was 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 approximately $7,944,426. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Adtalem Global Education news, Director Lisa W. Wardell sold 67,330 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 94,804 shares in the company, valued at $6,779,434.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lisa W. Wardell sold 24,637 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 105,085 shares of the company’s stock, valued at $7,944,426. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 148,440 shares of company stock valued at $10,889,450. 2.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Adtalem Global Education

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Adtalem Global Education in the 2nd quarter valued at approximately $43,000. Covestor Ltd raised its stake in shares of Adtalem Global Education by 7,430.0% in the first quarter. Covestor Ltd now owns 753 shares of the company’s stock valued at $38,000 after purchasing an additional 743 shares in the last quarter. GAMMA Investing LLC lifted its position in Adtalem Global Education by 116.7% in the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after purchasing an additional 433 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Adtalem Global Education during the first quarter worth $53,000. Finally, Headlands Technologies LLC bought a new stake in Adtalem Global Education in the 1st quarter valued at $56,000. 98.84% of the stock is owned by institutional investors and hedge funds.

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.