Piper Jaffray Companies Reaffirms Buy Rating for DeVry Education Group (ATGE)

Piper Jaffray Companies reaffirmed their buy rating on shares of DeVry Education Group (NYSE:ATGE) in a research report sent to investors on Monday. They currently have a $59.00 price target on the stock.

Several other equities analysts have also recently issued reports on ATGE. BMO Capital Markets reiterated a market perform rating and set a $35.00 target price (down previously from $40.00) on shares of DeVry Education Group in a research report on Monday, August 21st. ValuEngine cut DeVry Education Group from a strong-buy rating to a buy rating in a research report on Friday, September 1st. Zacks Investment Research cut DeVry Education Group from a hold rating to a sell rating in a research report on Tuesday, October 17th. Finally, BidaskClub upgraded DeVry Education Group from a hold rating to a buy rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $44.67.

DeVry Education Group (NYSE ATGE) opened at $44.00 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.20 and a current ratio of 1.20. DeVry Education Group has a 52-week low of $30.10 and a 52-week high of $44.71. The stock has a market capitalization of $2,459.97, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99.

DeVry Education Group (NYSE:ATGE) last released its earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.16). DeVry Education Group had a return on equity of 10.24% and a net margin of 6.17%. The business had revenue of $421.03 million for the quarter, compared to analyst estimates of $428.00 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. sell-side analysts forecast that DeVry Education Group will post 2.84 earnings per share for the current fiscal year.

In related news, insider Carlos Filgueiras sold 2,325 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $36.92, for a total value of $85,839.00. Following the sale, the insider now owns 11,832 shares in the company, valued at approximately $436,837.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.04% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. acquired a new stake in shares of DeVry Education Group in the 2nd quarter worth approximately $202,000. Tower Research Capital LLC TRC acquired a new stake in shares of DeVry Education Group in the 2nd quarter worth approximately $223,000. Shelton Capital Management acquired a new stake in shares of DeVry Education Group in the 2nd quarter worth approximately $224,000. Capstone Investment Advisors Netherlands B.V. acquired a new stake in shares of DeVry Education Group in the 2nd quarter worth approximately $243,000. Finally, First Mercantile Trust Co. acquired a new stake in shares of DeVry Education Group in the 2nd quarter worth approximately $253,000.

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About DeVry Education Group

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.

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