Adtalem Global Education (NYSE:ATGE) Stock Price Expected to Rise, Barrington Research Analyst Says

Adtalem Global Education (NYSE:ATGE) had its price target upped by analysts at Barrington Research from $95.00 to $115.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s target price indicates a potential upside of 17.35% from the stock’s current price.

ATGE has been the subject of a number of other reports. BMO Capital Markets raised their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

Adtalem Global Education Trading Up 0.7 %

Shares of NYSE:ATGE traded up $0.66 on Friday, hitting $98.00. The company had a trading volume of 96,048 shares, compared to its average volume of 362,372. The firm’s 50-day simple moving average is $90.83 and its two-hundred day simple moving average is $80.06. Adtalem Global Education has a 1 year low of $43.78 and a 1 year high of $99.17. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 1.04 and a beta of 0.96.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.17. The company had revenue of $417.40 million during the quarter, compared to analyst estimates of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. Adtalem Global Education’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. Equities analysts anticipate that Adtalem Global Education will post 5.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director William W. Burke sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the transaction, the director now owns 11,659 shares of the company’s stock, valued at approximately $1,053,857.01. This trade represents a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Adtalem Global Education

Several large investors have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Adtalem Global Education by 1.6% during the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock valued at $115,163,000 after purchasing an additional 23,464 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Adtalem Global Education by 81,701.2% during the second quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock valued at $90,725,000 after purchasing an additional 1,328,462 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Adtalem Global Education by 0.7% during the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock valued at $75,049,000 after purchasing an additional 6,842 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Adtalem Global Education by 34.3% during the second quarter. Renaissance Technologies LLC now owns 186,800 shares of the company’s stock valued at $12,742,000 after purchasing an additional 47,700 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in Adtalem Global Education by 30.6% during the second quarter. Algert Global LLC now owns 122,511 shares of the company’s stock valued at $8,356,000 after purchasing an additional 28,698 shares in the last quarter. 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.