Adtalem Global Education (NYSE:ATGE) PT Set at $42.00 by Robert W. Baird

Robert W. Baird set a $42.00 target price on Adtalem Global Education (NYSE:ATGE) in a research report sent to investors on Monday morning, TipRanks reports. The firm currently has a hold rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Barrington Research set a $58.00 price objective on shares of Adtalem Global Education and gave the company a buy rating in a research note on Wednesday, October 9th. Sidoti started coverage on shares of Adtalem Global Education in a research note on Thursday, September 12th. They issued a buy rating for the company. Zacks Investment Research cut shares of Adtalem Global Education from a hold rating to a sell rating and set a $44.00 price objective for the company. in a research note on Wednesday, September 18th. Finally, BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $50.00 to $55.00 and gave the company an outperform rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $52.40.

NYSE:ATGE opened at $36.13 on Monday. The stock has a market cap of $2.02 billion, a P/E ratio of 12.81, a PEG ratio of 0.95 and a beta of 0.89. Adtalem Global Education has a one year low of $35.12 and a one year high of $58.80. The company has a fifty day moving average price of $38.59 and a 200 day moving average price of $44.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.62 and a quick ratio of 1.62.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, August 22nd. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.01. The firm had revenue of $330.30 million during the quarter, compared to analysts’ expectations of $329.90 million. Adtalem Global Education had a net margin of 7.68% and a return on equity of 11.81%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 EPS. As a group, equities research analysts anticipate that Adtalem Global Education will post 3.05 EPS for the current year.

In other news, insider Patrick J. Unzicker sold 2,297 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $45.40, for a total value of $104,283.80. Following the completion of the transaction, the insider now owns 32,908 shares in the company, valued at approximately $1,494,023.20. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.46% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Bank of Australia grew its holdings in shares of Adtalem Global Education by 45.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 8,564 shares of the company’s stock worth $385,000 after purchasing an additional 2,664 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Adtalem Global Education by 6.4% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 331,601 shares of the company’s stock worth $14,939,000 after purchasing an additional 20,000 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Adtalem Global Education by 5.9% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 60,820 shares of the company’s stock worth $2,740,000 after purchasing an additional 3,380 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Adtalem Global Education in the 2nd quarter worth about $2,116,000. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of Adtalem Global Education by 0.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 304,644 shares of the company’s stock worth $13,724,000 after purchasing an additional 1,767 shares during the last quarter. 98.16% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Adtalem Global Education (NYSE:ATGE)

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