Adtalem Global Education (NYSE:ATGE) Rating Reiterated by Barrington Research

Adtalem Global Education (NYSE:ATGE)‘s stock had its “outperform” rating restated by stock analysts at Barrington Research in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $65.00 target price on the stock. Barrington Research’s target price would indicate a potential upside of 37.62% from the stock’s current price.

Separately, StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $56.67.

Adtalem Global Education Stock Up 0.4 %

Shares of ATGE opened at $47.23 on Tuesday. Adtalem Global Education has a 52-week low of $33.59 and a 52-week high of $62.99. The company has a market cap of $1.85 billion, a PE ratio of 17.30, a P/E/G ratio of 0.67 and a beta of 0.92. The business has a fifty day moving average of $48.68 and a 200 day moving average of $52.65. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.00 by $0.23. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. The firm had revenue of $393.24 million for the quarter, compared to analyst estimates of $372.79 million. During the same quarter last year, the firm posted $1.17 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, sell-side analysts expect that Adtalem Global Education will post 4.63 EPS for the current year.

Institutional Trading of Adtalem Global Education

Several large investors have recently added to or reduced their stakes in ATGE. Ronald Blue Trust Inc. lifted its stake in shares of Adtalem Global Education by 336.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 737 shares of the company’s stock valued at $32,000 after purchasing an additional 568 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Adtalem Global Education in the 3rd quarter valued at $56,000. Blue Trust Inc. lifted its stake in shares of Adtalem Global Education by 41.4% in the 4th quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock valued at $61,000 after purchasing an additional 305 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Adtalem Global Education by 19.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock valued at $75,000 after purchasing an additional 210 shares during the last quarter. Finally, Center for Financial Planning Inc. lifted its stake in shares of Adtalem Global Education by 50.3% in the 4th quarter. Center for Financial Planning Inc. now owns 1,910 shares of the company’s stock valued at $113,000 after purchasing an additional 639 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Company Profile

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.