Adtalem Global Education (ATGE) Given New $58.00 Price Target at BMO Capital Markets

Adtalem Global Education (NYSE:ATGE) had its target price upped by BMO Capital Markets from $52.00 to $58.00 in a report published on Monday. They currently have an outperform rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Barrington Research reiterated a buy rating and set a $60.00 price objective on shares of Adtalem Global Education in a report on Friday, October 5th. 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. Piper Jaffray Companies lifted their price objective on shares of Adtalem Global Education to $63.00 and gave the company an overweight rating in a report on Friday. Finally, Robert W. Baird lifted their price objective on shares of Adtalem Global Education from $52.00 to $54.00 and gave the company a neutral rating in a report on Friday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Adtalem Global Education has an average rating of Buy and an average target price of $58.20.

ATGE traded up $1.17 on Monday, reaching $55.87. 7,821 shares of the company traded hands, compared to its average volume of 534,270. Adtalem Global Education has a one year low of $35.40 and a one year high of $56.45. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.40 and a beta of 0.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.61 and a quick ratio of 1.61.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. Adtalem Global Education had a net margin of 0.89% and a return on equity of 11.43%. The company had revenue of $284.19 million during the quarter, compared to analyst estimates of $296.12 million. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities analysts anticipate that Adtalem Global Education will post 2.85 earnings per share for the current fiscal year.

In other news, insider Ronald L. Taylor sold 50,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 450,615 shares in the company, valued at approximately $21,917,913.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Carlos Filgueiras sold 12,426 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 16,482 shares of the company’s stock, valued at approximately $796,410.24. The disclosure for this sale can be found here. Insiders have sold a total of 77,558 shares of company stock valued at $3,764,240 in the last quarter. 1.91% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Adtalem Global Education by 3.2% in the 2nd quarter. BlackRock Inc. now owns 6,592,289 shares of the company’s stock valued at $317,090,000 after purchasing an additional 204,684 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of Adtalem Global Education by 52.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 2,695,797 shares of the company’s stock valued at $129,937,000 after purchasing an additional 932,920 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Adtalem Global Education by 4.0% in the 2nd quarter. Northern Trust Corp now owns 1,484,673 shares of the company’s stock valued at $71,413,000 after purchasing an additional 56,924 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Adtalem Global Education by 81.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,281,046 shares of the company’s stock valued at $61,617,000 after purchasing an additional 574,347 shares in the last quarter. Finally, Rothschild Asset Management Inc. raised its holdings in shares of Adtalem Global Education by 2.5% in the 2nd quarter. Rothschild Asset Management Inc. now owns 879,936 shares of the company’s stock valued at $42,325,000 after purchasing an additional 21,761 shares in the last quarter. Institutional investors and hedge funds own 93.53% of the company’s stock.

About Adtalem Global Education

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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