Adtalem Global Education (NYSE:ATGE) Given “Outperform” Rating at Barrington Research

Adtalem Global Education (NYSE:ATGE)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Barrington Research in a note issued to investors on Thursday, Benzinga reports. They presently have a $90.00 target price on the stock. Barrington Research’s price target would suggest a potential upside of 19.40% from the stock’s current price.

A number of other brokerages have also commented on ATGE. BMO Capital Markets boosted their target price on Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. StockNews.com raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, Robert W. Baird upped their price objective on shares of Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd.

Adtalem Global Education Trading Down 0.1 %

NYSE ATGE traded down $0.09 during mid-day trading on Thursday, reaching $75.38. 123,014 shares of the stock were exchanged, compared to its average volume of 497,309. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $2.83 billion, a P/E ratio of 28.41, a P/E/G ratio of 0.90 and a beta of 0.97. The stock has a 50 day simple moving average of $72.54 and a 200-day simple moving average of $60.93. Adtalem Global Education has a one year low of $41.89 and a one year high of $80.18.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.28 by $0.09. The company had revenue of $409.91 million for the quarter, compared to analyst estimates of $398.64 million. Adtalem Global Education had a return on equity of 14.06% and a net margin of 7.12%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 EPS. On average, analysts anticipate that Adtalem Global Education will post 4.9 EPS for the current year.

Insiders Place Their Bets

In other news, Director Lisa W. Wardell sold 67,330 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the sale, the director now owns 94,804 shares in the company, valued at approximately $6,779,434.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Adtalem Global Education

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its holdings in Adtalem Global Education by 133.8% in the 1st quarter. BNP Paribas Financial Markets now owns 47,394 shares of the company’s stock worth $2,436,000 after purchasing an additional 27,124 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Adtalem Global Education during the first quarter worth $565,000. Bridgewater Associates LP boosted its holdings in shares of Adtalem Global Education by 125.3% in the 4th quarter. Bridgewater Associates LP now owns 226,791 shares of the company’s stock valued at $13,369,000 after buying an additional 126,114 shares in the last quarter. Vanguard Group Inc. raised its stake in Adtalem Global Education by 2.3% in the first quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock valued at $227,299,000 after buying an additional 100,705 shares during the last quarter. Finally, Moloney Securities Asset Management LLC acquired a new stake in shares of Adtalem Global Education during the first quarter worth $935,000. 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.