Barrington Research Increases Adtalem Global Education (NYSE:ATGE) Price Target to $90.00

Adtalem Global Education (NYSE:ATGE) had its target price boosted by Barrington Research from $70.00 to $90.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

Separately, Robert W. Baird increased their target price on Adtalem Global Education from $65.00 to $70.00 and gave the company an outperform rating in a research report on Friday, May 3rd.

Adtalem Global Education Stock Up 2.3 %

NYSE ATGE opened at $78.79 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $2.96 billion, a P/E ratio of 29.62, a P/E/G ratio of 0.92 and a beta of 0.97. Adtalem Global Education has a one year low of $41.79 and a one year high of $80.18. The stock has a 50 day moving average price of $68.29 and a 200-day moving average price of $57.91.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Thursday, May 2nd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.34. The firm had revenue of $412.70 million during the quarter, compared to the consensus estimate of $391.68 million. Adtalem Global Education had a return on equity of 14.06% and a net margin of 7.12%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 EPS. As a group, equities analysts predict that Adtalem Global Education will post 4.9 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Manjunath Gangadharan sold 946 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $65.75, for a total value of $62,199.50. Following the completion of the sale, the chief accounting officer now directly owns 6,040 shares in the company, valued at $397,130. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Adtalem Global Education

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its stake in Adtalem Global Education by 111.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 97,511 shares of the company’s stock worth $6,651,000 after purchasing an additional 51,287 shares during the period. Calamos Advisors LLC purchased a new stake in Adtalem Global Education in the second quarter worth $363,000. Clear Creek Financial Management LLC increased its stake in Adtalem Global Education by 3.4% in the second quarter. Clear Creek Financial Management LLC now owns 13,378 shares of the company’s stock worth $913,000 after purchasing an additional 441 shares during the period. SummerHaven Investment Management LLC increased its stake in Adtalem Global Education by 1.2% in the second quarter. SummerHaven Investment Management LLC now owns 19,687 shares of the company’s stock worth $1,343,000 after purchasing an additional 233 shares during the period. Finally, Neo Ivy Capital Management purchased a new position in shares of Adtalem Global Education during the second quarter valued at $1,301,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.