Adtalem Global Education (NYSE:ATGE) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Adtalem Global Education (NYSE:ATGE) had its price objective hoisted by BMO Capital Markets from $108.00 to $115.00 in a report issued on Monday,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Barrington Research increased their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

Adtalem Global Education Trading Down 2.3 %

NYSE:ATGE opened at $104.71 on Monday. The company has a 50-day moving average price of $93.60 and a 200-day moving average price of $82.69. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 1.15 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education has a 12 month low of $45.16 and a 12 month high of $112.43.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. Equities analysts predict that Adtalem Global Education will post 6.2 EPS for the current year.

Insider Activity at Adtalem Global Education

In other news, Director William W. Burke sold 4,000 shares of the 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 of the company’s stock, valued at approximately $1,053,857.01. This represents a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Adtalem Global Education

A number of hedge funds have recently bought and sold shares of ATGE. USA Financial Formulas purchased a new position in Adtalem Global Education in the fourth quarter worth about $26,000. Meeder Asset Management Inc. purchased a new position in Adtalem Global Education in the 3rd quarter worth approximately $27,000. R Squared Ltd bought a new position in Adtalem Global Education in the 4th quarter valued at approximately $70,000. GAMMA Investing LLC boosted its stake in Adtalem Global Education by 60.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,287 shares of the company’s stock valued at $97,000 after purchasing an additional 483 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Adtalem Global Education in the 3rd quarter worth $123,000. 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.