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

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

Several other research analysts have also issued reports on ATGE. BMO Capital Markets increased their price target on Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

Adtalem Global Education Trading Up 1.0 %

NYSE ATGE opened at $98.27 on Friday. The business has a 50 day simple moving average of $90.97 and a 200 day simple moving average of $80.45. Adtalem Global Education has a one year low of $43.78 and a one year high of $99.17. The stock has a market capitalization of $3.68 billion, a P/E ratio of 22.49, a P/E/G ratio of 1.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Tuesday, October 29th. The company reported $1.29 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 business had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $397.48 million. During the same quarter last year, the firm posted $0.93 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. Research analysts expect that Adtalem Global Education will post 5.89 earnings per share for the current year.

Insider Buying and Selling

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the firm’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 completion of the sale, the director now directly owns 11,659 shares of the company’s stock, valued at $1,053,857.01. This trade represents a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Adtalem Global Education

Large investors have recently bought and sold shares of the company. Quantinno Capital Management LP grew its position in shares of Adtalem Global Education by 4.3% in the third quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock valued at $231,000 after purchasing an additional 126 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock valued at $133,000 after purchasing an additional 177 shares in the last quarter. Glenmede Trust Co. NA grew its position in shares of Adtalem Global Education by 1.5% in the third quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock valued at $994,000 after purchasing an additional 192 shares in the last quarter. USA Financial Formulas purchased a new position in shares of Adtalem Global Education in the fourth quarter valued at $26,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Adtalem Global Education by 1.4% in 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. 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.