Several other equity research analysts have also recently commented on the stock. BMO Capital Markets raised its price target on Adtalem Global Education shares from $44.00 to $46.00 and gave the company a “market performance” rating in a Monday, Nov. 7 research note . TheStreet upgraded Adtalem Global Education from a “c” rating to a “b-” rating in a Friday, November 4 report. Barrington Research raised its price target on Adtalem Global Education from $46.00 to $48.00 in a Friday, November 4 report. Finally, Robert W. Baird raised his price target on Adtalem Global Education from $31.00 to $40.00 in a Friday, August 12 report.
Adtalem Global Education Stock down 5.5%
ATGE opened at $40.55 on Friday. Adtalem Global Education has a fifty-two week minimum of $19.14 and a fifty-two week maximum of $44.40. The company has a debt ratio of 0.49, a current ratio of 1.16 and a quick ratio of 1.16. The company’s fifty-day moving average price is $38.52 and its two-hundred-day moving average price is $36.35. The company has a market capitalization of $1.84 billion, a P/E ratio of 5.28, a P/E/G ratio of 0.72 and a beta of 1.01.
Adtalem Global Education (NYSE:ATGE – Get a rating) last released its quarterly results on Thursday, November 3. The company reported earnings per share of $0.88 for the quarter, beating analyst consensus estimates of $0.75 by $0.13. Adtalem Global Education achieved a net margin of 26.01% and a return on equity of 12.53%. The company posted revenue of $354.56 million for the quarter, versus a consensus estimate of $353.41 million. In the same quarter of the previous year, the company had earned earnings per share of $0.62. The company’s revenues increased by 22.7% compared to the same quarter last year. On average, analysts expect Adtalem Global Education to post EPS of 4.08 for the current year.
Insider Activity at Adtalem Global Education
In other news from Adtalem Global Education, Director Lisa W. Wardell sold 30,564 shares of the company in a trade dated Monday, November 7. The stock was sold at an average price of $43.17, for a total transaction of $1,319,447.88. Following the completion of the sale, the director now directly owns 319,974 shares of the company, valued at approximately $13,813,277.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. In other Adtalem Global Education news, Director Lyle Logan sold 2,600 shares of the company in a trade dated Thursday, September 15. The stock was sold at an average price of $38.14, for a total transaction of $99,164.00. Following the completion of the sale, the administrator now directly owns 29,323 shares of the company, valued at approximately $1,118,379.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. Also, director Lisa W. Wardell sold 30,564 shares of the company in a transaction dated Monday, November 7. The shares were sold at an average price of $43.17, for a total value of $1,319,447.88. Following the completion of the sale, the director now directly owns 319,974 shares of the company, valued at $13,813,277.58. Disclosure of this sale can be found here. 3.30% of the shares are currently held by insiders of the company.
Adtalem Global Education Institutional Trading
A number of institutional investors and hedge funds have recently changed their stock holdings. KBC Group NV purchased a new equity stake in Adtalem Global Education during the second quarter for a value of $158,000. Veriti Management LLC acquired a new position in Adtalem Global Education during the second quarter worth $209,000. Peregrine Capital Management LLC acquired a new position in Adtalem Global Education during the second quarter at a value of $12,591,000. GHE LLC acquired a new stake in Adtalem Global Education in the second quarter at a value of $77,000. Finally, Cypress Capital LLC acquired a new stake in Adtalem Global Education in the second quarter at a value of $220,000.
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 post-secondary education sector. This segment operates Chamberlain University.
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