Adtalem Global Education Inc (NYSE:ATGE) has earned a consensus rating of “Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $55.60.
A number of brokerages have weighed in on ATGE. Zacks Investment Research lowered shares of Adtalem Global Education from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. BMO Capital Markets reaffirmed a “buy” rating and issued a $56.00 price target on shares of Adtalem Global Education in a research note on Wednesday, July 11th. Barrington Research lifted their price target on shares of Adtalem Global Education from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, July 9th. Finally, First Analysis lifted their price target on shares of Adtalem Global Education to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, May 29th.
NYSE ATGE traded up $0.10 during trading on Friday, reaching $47.85. 5,541 shares of the stock traded hands, compared to its average volume of 499,083. The stock has a market cap of $2.87 billion, a P/E ratio of 17.22, a P/E/G ratio of 1.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.88 and a current ratio of 1.88. Adtalem Global Education has a fifty-two week low of $30.71 and a fifty-two week high of $56.45.
Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, August 16th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.05). The firm had revenue of $319.80 million for the quarter, compared to analyst estimates of $352.68 million. Adtalem Global Education had a net margin of 2.38% and a return on equity of 10.49%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. analysts predict that Adtalem Global Education will post 2.78 earnings per share for the current fiscal year.
In other news, insider Donna Jennings sold 9,375 shares of the business’s stock in a transaction on Monday, July 9th. The shares were sold at an average price of $51.40, for a total value of $481,875.00. Following the sale, the insider now owns 13,709 shares of the company’s stock, valued at $704,642.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Lisa W. Wardell sold 3,500 shares of the business’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $55.00, for a total transaction of $192,500.00. Following the completion of the sale, the insider now directly owns 106,338 shares in the company, valued at approximately $5,848,590. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,433 shares of company stock worth $4,438,615. Insiders own 3.04% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in shares of Adtalem Global Education by 81.3% in the second quarter. Bank of New York Mellon Corp now owns 1,281,046 shares of the company’s stock worth $61,617,000 after purchasing an additional 574,347 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Adtalem Global Education by 3.5% in the second quarter. Schroder Investment Management Group now owns 211,166 shares of the company’s stock worth $9,883,000 after purchasing an additional 7,103 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Adtalem Global Education in the second quarter worth $294,000. WINTON GROUP Ltd lifted its position in shares of Adtalem Global Education by 24.7% in the second quarter. WINTON GROUP Ltd now owns 13,282 shares of the company’s stock worth $639,000 after purchasing an additional 2,634 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its position in shares of Adtalem Global Education by 6.9% in the second quarter. GHP Investment Advisors Inc. now owns 57,402 shares of the company’s stock worth $2,761,000 after purchasing an additional 3,710 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.
About Adtalem Global Education
Adtalem Global Education Inc provides educational services worldwide. It operates through four segments: Medical and Healthcare, Professional Education, Technology and Business, and U.S. Traditional Postsecondary. The Medical and Healthcare segment operates Chamberlain University, which provides pre and post-licensure bachelor's, master's, and doctorate degree programs in nursing through campus and online; American University of the Caribbean School of Medicine and Ross University School of Medicine, which provide medical education; and Ross University School of Veterinary Medicine that offers veterinary education.
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