Adtalem Global Education (NYSE:CVSA) Stock Price Target Cut by BMO Capital Markets

Adtalem Global Education (NYSE:CVSA) had its price target lowered by equities researchers at BMO Capital Markets from $148.00 to $145.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 15.19% from the company’s previous close.

CVSA has been the subject of several other reports. Barrington Research reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Adtalem Global Education in a report on Monday, June 8th. Wall Street Zen raised shares of Adtalem Global Education from a “hold” rating to a “buy” rating in a research report on Sunday, September 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Adtalem Global Education in a research report on Wednesday, August 19th. Finally, Truist Financial cut 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. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $151.67.

Adtalem Global Education Stock Up 0.3%

Adtalem Global Education stock traded up $0.40 during mid-day trading on Monday, hitting $125.88. 139,753 shares of the company’s stock were exchanged, compared to its average volume of 366,898. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.45. The stock has a market cap of $4.28 billion, a P/E ratio of 17.92, a P/E/G ratio of 0.93 and a beta of 0.65. The stock has a 50 day moving average of $128.31 and a two-hundred day moving average of $123.10. Adtalem Global Education has a 1-year low of $86.97 and a 1-year high of $156.26.

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

Insider Activity at Adtalem Global Education

In other news, CEO Stephen W. Beard sold 3,545 shares of the company’s stock in a transaction dated 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 approximately $54,116,776.98. This represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert J. Phelan sold 2,186 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $135.15, for a total transaction of $295,437.90. Following the completion of the sale, the chief financial officer owned 48,306 shares of the company’s stock, valued at approximately $6,528,555.90. The trade was a 4.33% 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. Insiders sold 22,462 shares of company stock valued at $3,027,792 in the last quarter. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Adtalem Global Education

An institutional investor recently bought a new stake in Adtalem Global Education stock. Kendall Capital Management acquired a new position in shares of Adtalem Global Education Inc. (NYSE:CVSA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,622 shares of the company’s stock, valued at approximately $1,449,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

About Adtalem Global Education

Adtalem Global Education is an education services company that provides professional, postsecondary and healthcare-focused education through institutions and brands serving students and working professionals. Its offerings include degree programs, career training, certification preparation and continuing education.

The company’s academic institutions include Chamberlain University, Walden University, American University of the Caribbean School of Medicine, Ross University School of Medicine, Ross University School of Veterinary Medicine and the Medical University of the Americas.