Wall Street Zen Upgrades Adtalem Global Education (NYSE:CVSA) to Buy

Adtalem Global Education (NYSE:CVSA) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday, Wall Street Zen reports.

A number of other research firms also recently commented on CVSA. Weiss Ratings restated a “hold (c+)” rating on shares of Adtalem Global Education in a research report on Wednesday, August 19th. Barrington Research reiterated an “outperform” rating and set a $170.00 price target on shares of Adtalem Global Education in a report on Monday, June 8th. Finally, Truist Financial downgraded Adtalem Global Education from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $155.00.

Adtalem Global Education Stock Performance

NYSE:CVSA opened at $117.88 on Friday. The company’s 50-day moving average is $127.68 and its two-hundred day moving average is $122.57. Adtalem Global Education has a 1-year low of $86.97 and a 1-year high of $156.26. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 0.89 and a beta of 0.63.

Adtalem Global Education (NYSE:CVSA) last announced its quarterly earnings results on Thursday, August 6th. The company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.19. Adtalem Global Education had a net margin of 12.87% and a return on equity of 20.88%. The business had revenue of $501.38 million during the quarter. Adtalem Global Education has set its FY 2027 guidance at 8.900-9.150 EPS. Analysts forecast that Adtalem Global Education will post 9 EPS for the current year.

Insider Buying and Selling at Adtalem Global Education

In other news, CFO Robert Phelan sold 2,900 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $135.41, for a total value of $392,689.00. Following the completion of the transaction, the chief financial officer owned 52,906 shares of the company’s stock, valued at approximately $7,164,001.46. This trade represents a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Beard sold 3,545 shares of Adtalem Global Education stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $130.34, for a total transaction of $462,055.30. Following the completion of the transaction, the chief executive officer owned 415,197 shares of the company’s stock, valued at $54,116,776.98. This trade represents a 0.85% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 22,462 shares of company stock worth $3,027,792. 2.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Adtalem Global Education

A hedge fund recently bought a new position in Adtalem Global Education stock. Kendall Capital Management acquired a new position in shares of Adtalem Global Education Inc. (NYSE:CVSA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,622 shares of the company’s stock, valued at approximately $1,449,000. Institutional investors own 98.84% of the company’s stock.

About Adtalem Global Education

Adtalem Global Education Inc is a provider of postsecondary education and professional training focused primarily on healthcare and other workforce-oriented fields. Through its academic institutions, the company offers degree programs, certificates and other educational services designed to prepare students for careers in nursing, medicine, veterinary medicine, public health, business and related disciplines.

Adtalem’s education network includes Chamberlain University, Walden University, Ross University School of Medicine, Ross University School of Veterinary Medicine and the American University of the Caribbean School of Medicine.