Adtalem Global Education (NYSE:ATGE) Price Target Raised to $90.00

Adtalem Global Education (NYSE:ATGE) had its price target hoisted by BMO Capital Markets from $84.00 to $90.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also commented on the stock. Barrington Research raised their price objective on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday. StockNews.com raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd.

Adtalem Global Education Stock Down 1.5 %

Shares of Adtalem Global Education stock opened at $79.70 on Wednesday. Adtalem Global Education has a 12-month low of $43.78 and a 12-month high of $85.26. The firm has a market capitalization of $2.99 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 0.94 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. The stock’s fifty day moving average is $74.14 and its 200-day moving average is $68.98.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.17. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. During the same quarter in the previous year, the company earned $0.93 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities analysts anticipate that Adtalem Global Education will post 5.85 earnings per share for the current year.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total value of $71,177.60. Following the completion of the sale, the chief accounting officer now owns 4,720 shares in the company, valued at $355,888. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Lisa W. Wardell sold 28,301 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $75.74, for a total value of $2,143,517.74. Following the completion of the sale, the director now owns 105,085 shares of the company’s stock, valued at approximately $7,959,137.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total value of $71,177.60. Following the completion of the transaction, the chief accounting officer now owns 4,720 shares in the company, valued at $355,888. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,440 shares of company stock valued at $10,889,450. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Adtalem Global Education

Large investors have recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of Adtalem Global Education during the 2nd quarter valued at $43,000. Covestor Ltd raised its holdings in Adtalem Global Education by 7,430.0% during the first quarter. Covestor Ltd now owns 753 shares of the company’s stock valued at $38,000 after buying an additional 743 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Adtalem Global Education by 116.7% in the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after buying an additional 433 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Adtalem Global Education during the 1st quarter worth about $53,000. Finally, Headlands Technologies LLC acquired a new position in shares of Adtalem Global Education during the 1st quarter valued at about $56,000. 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.