Adtalem Global Education (NYSE:ATGE) Price Target Raised to $90.00

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

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

Adtalem Global Education Stock Up 2.3 %

Shares of NYSE ATGE opened at $78.81 on Wednesday. The company has a 50 day simple moving average of $68.29 and a 200 day simple moving average of $57.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.76. Adtalem Global Education has a 1 year low of $41.79 and a 1 year high of $80.18. The firm has a market cap of $2.96 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 0.90 and a beta of 0.97.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.34. The company had revenue of $412.70 million for the quarter, compared to analyst estimates of $391.68 million. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. Adtalem Global Education’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.13 earnings per share. On average, research analysts forecast that Adtalem Global Education will post 4.9 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Manjunath Gangadharan sold 946 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $65.75, for a total value of $62,199.50. Following the transaction, the chief accounting officer now directly owns 6,040 shares of the company’s stock, valued at approximately $397,130. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Adtalem Global Education

Several hedge funds have recently modified their holdings of the stock. Capital World Investors purchased a new stake in Adtalem Global Education in the 4th quarter valued at $57,787,000. TimesSquare Capital Management LLC purchased a new position in Adtalem Global Education during the fourth quarter worth about $18,341,000. Ariel Investments LLC grew its position in Adtalem Global Education by 11.1% in the 1st quarter. Ariel Investments LLC now owns 3,079,317 shares of the company’s stock worth $158,277,000 after purchasing an additional 306,699 shares in the last quarter. Norges Bank bought a new position in shares of Adtalem Global Education during the 4th quarter worth approximately $9,656,000. Finally, Bridgewater Associates LP grew its holdings in shares of Adtalem Global Education by 125.3% in the fourth quarter. Bridgewater Associates LP now owns 226,791 shares of the company’s stock valued at $13,369,000 after acquiring an additional 126,114 shares in 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.