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

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

Several other equities research analysts have also commented on ATGE. BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

Adtalem Global Education Stock Up 1.0 %

Adtalem Global Education stock opened at $98.27 on Friday. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. The firm’s fifty day moving average price is $90.97 and its two-hundred day moving average price is $80.28. Adtalem Global Education has a 1-year low of $43.78 and a 1-year 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 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.17. The business had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 EPS. On average, equities research analysts predict that Adtalem Global Education will post 5.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $90.39, for a total value of $361,560.00. Following the sale, the director now directly owns 11,659 shares in the company, valued at $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Adtalem Global Education

Large investors have recently added to or reduced their stakes in the company. Algert Global LLC lifted its holdings in Adtalem Global Education by 30.6% during the second quarter. Algert Global LLC now owns 122,511 shares of the company’s stock valued at $8,356,000 after purchasing an additional 28,698 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Adtalem Global Education in the third quarter valued at approximately $2,314,000. State Street Corp lifted its stake in shares of Adtalem Global Education by 1.6% during the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company’s stock valued at $115,163,000 after buying an additional 23,464 shares in the last quarter. Barclays PLC boosted its holdings in Adtalem Global Education by 12.1% in the 3rd quarter. Barclays PLC now owns 66,669 shares of the company’s stock worth $5,031,000 after buying an additional 7,172 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in Adtalem Global Education in the 2nd quarter valued at approximately $670,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.