BMO Capital Markets Forecasts Strong Price Appreciation for Adtalem Global Education (NYSE:ATGE) Stock

Adtalem Global Education (NYSE:ATGE) had its target price boosted by analysts at BMO Capital Markets from $84.00 to $90.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 11.22% from the company’s previous close.

ATGE has been the topic of several other reports. Barrington Research boosted their price target on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday. StockNews.com raised shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd.

Adtalem Global Education Trading Down 1.5 %

Shares of NYSE:ATGE opened at $80.92 on Wednesday. Adtalem Global Education has a twelve month low of $43.78 and a twelve month high of $85.26. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.04 billion, a P/E ratio of 30.42, a P/E/G ratio of 0.84 and a beta of 0.95. The company has a 50 day moving average of $74.05 and a 200-day moving average of $68.74.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The firm had revenue of $417.40 million during the quarter, compared to analyst estimates of $397.48 million. During the same period last year, the company posted $0.93 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. As a group, analysts anticipate that Adtalem Global Education will post 5.72 earnings per share for the current fiscal year.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, Director Lisa W. Wardell sold 7,292 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $72.10, for a total transaction of $525,753.20. Following the sale, the director now owns 105,085 shares in the company, valued at approximately $7,576,628.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Adtalem Global Education news, Director Lisa W. Wardell sold 67,330 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the sale, the director now directly owns 94,804 shares of the company’s stock, valued at $6,779,434.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisa W. Wardell sold 7,292 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $72.10, for a total value of $525,753.20. Following the completion of the sale, the director now directly owns 105,085 shares of the company’s stock, valued at approximately $7,576,628.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,440 shares of company stock worth $10,889,450 in the last quarter. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Adtalem Global Education

Several hedge funds have recently bought and sold shares of the business. SummerHaven Investment Management LLC grew its stake in Adtalem Global Education by 1.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 19,687 shares of the company’s stock valued at $1,343,000 after acquiring an additional 233 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Adtalem Global Education by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock valued at $1,443,000 after purchasing an additional 283 shares in the last quarter. ProShare Advisors LLC increased its stake in Adtalem Global Education by 5.7% in the 1st quarter. ProShare Advisors LLC now owns 7,889 shares of the company’s stock valued at $405,000 after buying an additional 423 shares during the period. GAMMA Investing LLC lifted its position in Adtalem Global Education by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after buying an additional 433 shares in the last quarter. Finally, Clear Creek Financial Management LLC boosted its stake in shares of Adtalem Global Education by 3.3% during the 3rd quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company’s stock valued at $1,043,000 after buying an additional 439 shares during the period. 98.84% of the stock is owned by hedge funds and other 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.