Adtalem Global Education (NYSE:ATGE – Get Free Report) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.
Several other research analysts have also weighed in on ATGE. Barrington Research increased their price objective on shares of Adtalem Global Education from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Robert W. Baird upgraded shares of Adtalem Global Education from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $47.00 to $55.00 in a report on Friday, October 27th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $56.67.
Adtalem Global Education Price Performance
Adtalem Global Education stock opened at $48.78 on Wednesday. Adtalem Global Education has a 12-month low of $33.59 and a 12-month high of $62.99. The stock has a market capitalization of $1.91 billion, a P/E ratio of 17.87, a P/E/G ratio of 0.69 and a beta of 0.93. The firm’s 50-day moving average is $58.10 and its two-hundred day moving average is $50.60. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.
Adtalem Global Education (NYSE:ATGE – Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.23. The business had revenue of $393.24 million for the quarter, compared to analyst estimates of $372.79 million. Adtalem Global Education had a net margin of 7.93% and a return on equity of 13.05%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 EPS. Equities analysts predict that Adtalem Global Education will post 4.65 earnings per share for the current year.
Insider Activity at Adtalem Global Education
In related news, CMO Maurice Herrera sold 4,200 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $60.00, for a total value of $252,000.00. Following the transaction, the chief marketing officer now owns 24,519 shares in the company, valued at $1,471,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CMO Maurice Herrera sold 4,200 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $60.00, for a total value of $252,000.00. Following the transaction, the chief marketing officer now owns 24,519 shares in the company, valued at $1,471,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Blake Simpson sold 550 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $59.23, for a total transaction of $32,576.50. Following the completion of the transaction, the senior vice president now owns 7,986 shares in the company, valued at approximately $473,010.78. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.
Institutional Trading of Adtalem Global Education
Several large investors have recently bought and sold shares of ATGE. Royal Bank of Canada grew its position in Adtalem Global Education by 65.2% in the third quarter. Royal Bank of Canada now owns 727 shares of the company’s stock valued at $27,000 after acquiring an additional 287 shares in the last quarter. Ronald Blue Trust Inc. grew its position in shares of Adtalem Global Education by 336.1% during the third quarter. Ronald Blue Trust Inc. now owns 737 shares of the company’s stock worth $32,000 after buying an additional 568 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Adtalem Global Education during the second quarter worth approximately $35,000. Signaturefd LLC grew its position in shares of Adtalem Global Education by 30.3% during the second quarter. Signaturefd LLC now owns 1,037 shares of the company’s stock worth $36,000 after buying an additional 241 shares in the last quarter. Finally, Center for Financial Planning Inc. acquired a new stake in shares of Adtalem Global Education during the second quarter worth approximately $44,000. Institutional investors and hedge funds own 95.77% of the company’s stock.
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.