Adtalem Global Education (NYSE:ATGE) Price Target Raised to $140.00 at Barrington Research

Adtalem Global Education (NYSE:ATGE) had its target price raised by Barrington Research from $120.00 to $140.00 in a report released on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

ATGE has been the topic of a number of other reports. StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th. BMO Capital Markets increased their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, Jefferies Financial Group initiated coverage on shares of Adtalem Global Education in a research report on Wednesday, April 23rd. They set a “buy” rating and a $135.00 price objective for the company.

Adtalem Global Education Stock Up 17.6%

NYSE:ATGE opened at $136.28 on Friday. The company has a market cap of $5.08 billion, a PE ratio of 25.38, a PEG ratio of 1.05 and a beta of 0.86. Adtalem Global Education has a 52-week low of $62.28 and a 52-week high of $136.40. The stock has a 50-day simple moving average of $103.25 and a 200 day simple moving average of $97.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, May 8th. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.29. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The company had revenue of $466.06 million for the quarter, compared to analysts’ expectations of $447.19 million. During the same period in the prior year, the firm earned $1.50 EPS. Adtalem Global Education’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, sell-side analysts expect that Adtalem Global Education will post 6.2 EPS for the current fiscal year.

Adtalem Global Education announced that its board has authorized a stock repurchase plan on Tuesday, May 6th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Adtalem Global Education

In related news, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the transaction, the director now owns 8,032 shares of the company’s stock, valued at $829,384.32. This represents a 37.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Adtalem Global Education

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arizona State Retirement System lifted its stake in shares of Adtalem Global Education by 1.0% in the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company’s stock valued at $994,000 after acquiring an additional 110 shares during the last quarter. Bailard Inc. acquired a new position in Adtalem Global Education in the 4th quarter worth about $379,000. Smith Group Asset Management LLC bought a new position in Adtalem Global Education in the fourth quarter valued at about $614,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Adtalem Global Education during the fourth quarter valued at about $272,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Adtalem Global Education during the fourth quarter valued at about $2,368,000. Institutional investors 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.