Shares of Adtalem Global Education Inc (NYSE:ATGE) have been assigned an average rating of “Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $50.33.
ATGE has been the subject of several analyst reports. Robert W. Baird reissued a “hold” rating on shares of Adtalem Global Education in a report on Thursday, December 7th. Piper Jaffray Companies reissued a “buy” rating and issued a $59.00 target price on shares of Adtalem Global Education in a report on Monday, December 4th. BMO Capital Markets reduced their target price on shares of Adtalem Global Education from $49.00 to $45.00 and set a “market perform” rating for the company in a report on Wednesday, February 7th. Zacks Investment Research raised shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Finally, BidaskClub raised shares of Adtalem Global Education from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd.
Adtalem Global Education (NYSE:ATGE) remained flat at $$47.95 during trading on Tuesday. The company had a trading volume of 559,991 shares, compared to its average volume of 599,170. The company has a market capitalization of $2,890.28, a PE ratio of 299.69, a price-to-earnings-growth ratio of 1.87 and a beta of 1.01. Adtalem Global Education has a 12-month low of $30.15 and a 12-month high of $48.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.58 and a current ratio of 1.58.
Adtalem Global Education (NYSE:ATGE) last released its earnings results on Tuesday, February 6th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The company had revenue of $337.24 million during the quarter, compared to analyst estimates of $435.56 million. Adtalem Global Education had a net margin of 0.86% and a return on equity of 9.92%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. sell-side analysts expect that Adtalem Global Education will post 2.77 EPS for the current fiscal year.
In other Adtalem Global Education news, insider Ronald L. Taylor sold 97,625 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $46.76, for a total transaction of $4,564,945.00. Following the completion of the sale, the insider now directly owns 604,726 shares of the company’s stock, valued at approximately $28,276,987.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Donna Jennings sold 4,582 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $45.00, for a total transaction of $206,190.00. Following the sale, the senior vice president now directly owns 16,794 shares of the company’s stock, valued at $755,730. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 202,207 shares of company stock valued at $9,304,135. Insiders own 3.04% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in ATGE. Suntrust Banks Inc. bought a new position in shares of Adtalem Global Education during the 4th quarter valued at approximately $207,000. BlueCrest Capital Management Ltd bought a new position in shares of Adtalem Global Education during the 4th quarter valued at approximately $209,000. Shelton Capital Management bought a new position in shares of Adtalem Global Education during the 2nd quarter valued at approximately $224,000. Hanseatic Management Services Inc. boosted its position in shares of Adtalem Global Education by 18.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 7,521 shares of the company’s stock valued at $316,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Virtu KCG Holdings LLC bought a new position in shares of Adtalem Global Education during the 2nd quarter valued at approximately $333,000.
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Adtalem Global Education Company Profile
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
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