Favorable News Coverage Somewhat Unlikely to Impact Adtalem Global Education (ATGE) Share Price

News stories about Adtalem Global Education (NYSE:ATGE) have been trending positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Adtalem Global Education earned a media sentiment score of 0.36 on Accern’s scale. Accern also gave news articles about the company an impact score of 47.5366083858236 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Adtalem Global Education (NYSE ATGE) opened at $47.05 on Friday. Adtalem Global Education has a 52-week low of $30.15 and a 52-week high of $48.55. The firm has a market cap of $2,839.05, a P/E ratio of 294.06, a PEG ratio of 1.84 and a beta of 1.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 1.58.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.01. Adtalem Global Education had a net margin of 0.86% and a return on equity of 9.92%. The firm had revenue of $337.24 million during the quarter, compared to analysts’ expectations of $435.56 million. During the same quarter in the prior year, the company earned $0.64 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. research analysts expect that Adtalem Global Education will post 2.77 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on ATGE shares. BidaskClub raised shares of Adtalem Global Education from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. BMO Capital Markets boosted their price objective on shares of Adtalem Global Education from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, November 3rd. Piper Jaffray Companies reissued a “buy” rating and issued a $59.00 price objective on shares of Adtalem Global Education in a research report on Monday, December 4th. Robert W. Baird reissued a “hold” rating on shares of Adtalem Global Education in a research report on Thursday, December 7th. Finally, Zacks Investment Research raised shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Adtalem Global Education has a consensus rating of “Buy” and a consensus target price of $50.33.

In related news, insider Carlos Filgueiras sold 36,605 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $46.80, for a total transaction of $1,713,114.00. Following the completion of the transaction, the insider now owns 15,407 shares in the company, valued at approximately $721,047.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Donna Jennings sold 4,582 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $45.00, for a total transaction of $206,190.00. Following the transaction, the senior vice president now owns 16,794 shares of the company’s stock, valued at approximately $755,730. The disclosure for this sale can be found here. Insiders sold a total of 238,812 shares of company stock valued at $11,017,249 in the last ninety days. Corporate insiders own 3.04% of the company’s stock.

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About Adtalem Global Education

Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.

Insider Buying and Selling by Quarter for Adtalem Global Education (NYSE:ATGE)

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