Barrington Research Raises Adtalem Global Education (NYSE:ATGE) Price Target to $70.00

Adtalem Global Education (NYSE:ATGE) had its price target raised by Barrington Research from $65.00 to $70.00 in a report published on Friday morning, Benzinga reports. Barrington Research currently has an outperform rating on the stock.

A number of other research firms also recently commented on ATGE. StockNews.com downgraded shares of Adtalem Global Education from a strong-buy rating to a buy rating in a report on Wednesday, February 7th. Robert W. Baird raised their price target on shares of Adtalem Global Education from $65.00 to $70.00 and gave the stock an outperform rating in a research note on Friday.

Adtalem Global Education Price Performance

NYSE ATGE opened at $60.08 on Friday. Adtalem Global Education has a 1 year low of $33.59 and a 1 year high of $62.99. The company has a market cap of $2.35 billion, a P/E ratio of 22.59, a P/E/G ratio of 0.87 and a beta of 0.92. The company has a fifty day simple moving average of $49.31 and a 200 day simple moving average of $52.96. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.36. The company had revenue of $412.70 million for the quarter, compared to analyst estimates of $391.68 million. Adtalem Global Education had a return on equity of 13.86% and a net margin of 7.12%. Adtalem Global Education’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 EPS. On average, sell-side analysts predict that Adtalem Global Education will post 4.9 EPS for the current year.

Institutional Investors Weigh In On Adtalem Global Education

Hedge funds have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. grew its stake in Adtalem Global Education by 26.9% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,212,467 shares of the company’s stock worth $51,954,000 after buying an additional 257,182 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Adtalem Global Education by 396.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,019,094 shares of the company’s stock worth $43,668,000 after acquiring an additional 813,849 shares in the last quarter. Capital World Investors bought a new stake in Adtalem Global Education during the 4th quarter worth approximately $57,787,000. Goldman Sachs Group Inc. increased its holdings in Adtalem Global Education by 13.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 756,328 shares of the company’s stock valued at $44,586,000 after purchasing an additional 90,161 shares in the last quarter. Finally, TimesSquare Capital Management LLC bought a new position in Adtalem Global Education in the 4th quarter valued at $18,341,000. Institutional investors and hedge funds 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.