Adtalem Global Education (NYSE:ATGE) had its price target boosted by stock analysts at Piper Jaffray Companies to $63.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage currently has an “overweight” rating on the stock. Piper Jaffray Companies’ target price would suggest a potential upside of 19.34% from the company’s current price. Piper Jaffray Companies also issued estimates for Adtalem Global Education’s Q1 2020 earnings at $0.54 EPS, Q3 2020 earnings at $0.79 EPS and Q4 2020 earnings at $1.15 EPS.
Several other brokerages have also commented on ATGE. Barrington Research restated a “buy” rating and issued a $60.00 price target on shares of Adtalem Global Education in a research note on Tuesday, October 23rd. BMO Capital Markets reiterated a “buy” rating and issued a $56.00 price objective on shares of Adtalem Global Education in a report on Wednesday, July 11th. Finally, Zacks Investment Research upgraded shares of Adtalem Global Education from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 17th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Adtalem Global Education has a consensus rating of “Buy” and an average price target of $57.80.
Shares of NYSE:ATGE opened at $52.79 on Friday. Adtalem Global Education has a 52 week low of $30.71 and a 52 week high of $56.45. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.44 and a beta of 0.71. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.19.
Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. Adtalem Global Education had a net margin of 0.89% and a return on equity of 11.25%. The company had revenue of $284.19 million for the quarter, compared to analyst estimates of $296.12 million. During the same quarter last year, the business earned $0.41 earnings per share. Adtalem Global Education’s revenue was down 3.1% compared to the same quarter last year. Sell-side analysts predict that Adtalem Global Education will post 2.85 EPS for the current year.
In other news, insider Ronald L. Taylor sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $48.64, for a total value of $2,432,000.00. Following the completion of the transaction, the insider now directly owns 450,615 shares in the company, valued at $21,917,913.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Carlos Filgueiras sold 12,426 shares of the stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $48.32, for a total transaction of $600,424.32. Following the completion of the transaction, the insider now owns 16,482 shares of the company’s stock, valued at $796,410.24. The disclosure for this sale can be found here. Insiders sold 77,558 shares of company stock valued at $3,764,240 over the last quarter. Insiders own 1.91% of the company’s stock.
Several institutional investors have recently bought and sold shares of ATGE. Brown Advisory Inc. bought a new position in shares of Adtalem Global Education in the second quarter valued at approximately $209,000. Seven Eight Capital LP bought a new stake in Adtalem Global Education during the third quarter worth approximately $213,000. Jane Street Group LLC bought a new stake in Adtalem Global Education during the second quarter worth approximately $231,000. Public Employees Retirement System of Ohio bought a new stake in Adtalem Global Education during the second quarter worth approximately $294,000. Finally, USA Financial Portformulas Corp bought a new stake in Adtalem Global Education during the third quarter worth approximately $295,000. Institutional investors and hedge funds own 93.74% of the company’s stock.
Adtalem Global Education Company Profile
Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.
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