Adtalem Global Education (NYSE:ATGE) Sets New 1-Year High on Analyst Upgrade

Adtalem Global Education Inc. (NYSE:ATGE)’s stock price hit a new 52-week high during trading on Monday after Barrington Research raised their price target on the stock from $65.00 to $70.00. Barrington Research currently has an outperform rating on the stock. Adtalem Global Education traded as high as $63.33 and last traded at $62.99, with a volume of 329447 shares changing hands. The stock had previously closed at $60.08.

ATGE has been the topic of several other reports. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th. Robert W. Baird boosted their price objective on Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Capital World Investors acquired a new position in shares of Adtalem Global Education during the fourth quarter valued at $57,787,000. Wellington Management Group LLP boosted its stake in Adtalem Global Education by 396.5% in the third quarter. Wellington Management Group LLP now owns 1,019,094 shares of the company’s stock valued at $43,668,000 after acquiring an additional 813,849 shares during the last quarter. TimesSquare Capital Management LLC acquired a new stake in Adtalem Global Education during the 4th quarter worth $18,341,000. Fuller & Thaler Asset Management Inc. raised its position in shares of Adtalem Global Education by 26.9% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,212,467 shares of the company’s stock valued at $51,954,000 after acquiring an additional 257,182 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Adtalem Global Education in the 4th quarter valued at $9,656,000. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Price Performance

The firm has a 50 day simple moving average of $49.93 and a two-hundred day simple moving average of $53.29. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 0.82 and a beta of 0.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.76.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.34. The company had revenue of $412.70 million during the quarter, compared to analyst estimates of $391.68 million. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 EPS. As a group, sell-side analysts expect that Adtalem Global Education Inc. will post 4.9 EPS for the current year.

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.