Adtalem Global Education (NYSE:ATGE) Price Target Raised to $115.00 at Barrington Research

Adtalem Global Education (NYSE:ATGE) had its price objective hoisted by Barrington Research from $95.00 to $115.00 in a research report report published on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

ATGE has been the topic of several other research reports. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th.

Adtalem Global Education Price Performance

ATGE stock opened at $98.27 on Friday. The firm has a 50 day moving average of $90.97 and a 200-day moving average of $80.28. The firm has a market capitalization of $3.68 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. Adtalem Global Education has a 12 month low of $43.78 and a 12 month high of $99.17. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.12 by $0.17. The firm had revenue of $417.40 million during the quarter, compared to the consensus estimate of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. As a group, sell-side analysts predict that Adtalem Global Education will post 5.89 earnings per share for the current fiscal year.

Insider Activity at Adtalem Global Education

In other news, Director William W. Burke sold 4,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the completion of the sale, the director now owns 11,659 shares of the company’s stock, valued at approximately $1,053,857.01. This represents a 25.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Adtalem Global Education

Several hedge funds have recently added to or reduced their stakes in the business. USA Financial Formulas purchased a new position in shares of Adtalem Global Education in the fourth quarter worth about $26,000. Meeder Asset Management Inc. purchased a new position in Adtalem Global Education in the 3rd quarter worth approximately $27,000. Quarry LP bought a new stake in Adtalem Global Education in the second quarter valued at approximately $43,000. GAMMA Investing LLC boosted its stake in shares of Adtalem Global Education by 60.1% during the third quarter. GAMMA Investing LLC now owns 1,287 shares of the company’s stock valued at $97,000 after purchasing an additional 483 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Adtalem Global Education in the third quarter worth approximately $123,000. 98.84% of the stock is owned by institutional investors.

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.