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

Barrington Research restated their outperform rating on shares of Adtalem Global Education (NYSE:ATGE) in a research note published on Tuesday, Benzinga reports. They currently have a $65.00 price objective on the stock.

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

Adtalem Global Education Trading Up 4.4 %

NYSE:ATGE opened at $49.72 on Tuesday. Adtalem Global Education has a one year low of $33.59 and a one year high of $62.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50-day simple moving average is $48.69 and its 200 day simple moving average is $52.65. The firm has a market capitalization of $1.95 billion, a P/E ratio of 18.21, a PEG ratio of 0.68 and a beta of 0.92.

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

Hedge Funds Weigh In On Adtalem Global Education

A number of hedge funds and other institutional investors have recently modified their holdings of ATGE. Ronald Blue Trust Inc. boosted its position in shares of Adtalem Global Education by 336.1% during the third quarter. Ronald Blue Trust Inc. now owns 737 shares of the company’s stock worth $32,000 after acquiring an additional 568 shares during the last quarter. Ritholtz Wealth Management bought a new position in Adtalem Global Education during the third quarter valued at $238,000. SG Americas Securities LLC bought a new position in Adtalem Global Education during the third quarter valued at $1,288,000. Clear Creek Financial Management LLC lifted its position in Adtalem Global Education by 2.8% during the third quarter. Clear Creek Financial Management LLC now owns 9,728 shares of the company’s stock valued at $417,000 after purchasing an additional 262 shares during the last quarter. Finally, Raymond James & Associates lifted its position in Adtalem Global Education by 108.2% during the third quarter. Raymond James & Associates now owns 28,350 shares of the company’s stock valued at $1,215,000 after purchasing an additional 14,735 shares during the last quarter. 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.