Barrington Research Issues Positive Forecast for Adtalem Global Education (NYSE:ATGE) Stock Price

Adtalem Global Education (NYSE:ATGE) had its price objective raised by Barrington Research from $120.00 to $140.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

ATGE has been the subject of a number of other reports. Jefferies Financial Group started coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They issued a “buy” rating and a $135.00 price target for the company. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. Finally, BMO Capital Markets raised their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd.

Adtalem Global Education Trading Up 17.6 %

NYSE:ATGE opened at $136.28 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The stock’s 50 day simple moving average is $103.25 and its 200-day simple moving average is $96.80. Adtalem Global Education has a 12-month low of $62.28 and a 12-month high of $136.40. The firm has a market cap of $5.08 billion, a P/E ratio of 25.38, a PEG ratio of 1.05 and a beta of 0.86.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, May 8th. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.63 by $0.29. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The company had revenue of $466.06 million for the quarter, compared to analyst estimates of $447.19 million. During the same period in the previous year, the firm earned $1.50 EPS. The business’s revenue was up 12.9% on a year-over-year basis. Equities analysts anticipate that Adtalem Global Education will post 6.2 EPS for the current year.

Adtalem Global Education announced that its board has approved a share repurchase program on Tuesday, May 6th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to purchase up to 3.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of the sale, the director now directly owns 8,032 shares in the company, valued at $829,384.32. This represents a 37.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Adtalem Global Education

Institutional investors have recently modified their holdings of the company. New Age Alpha Advisors LLC lifted its position in Adtalem Global Education by 26.6% during the first quarter. New Age Alpha Advisors LLC now owns 2,483 shares of the company’s stock valued at $250,000 after buying an additional 522 shares in the last quarter. Allianz SE acquired a new position in shares of Adtalem Global Education during the 1st quarter valued at $449,000. Alberta Investment Management Corp acquired a new stake in Adtalem Global Education in the 1st quarter valued at $996,000. US Bancorp DE raised its position in Adtalem Global Education by 3.9% in the first quarter. US Bancorp DE now owns 3,414 shares of the company’s stock valued at $344,000 after purchasing an additional 129 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of Adtalem Global Education by 12.9% during the first quarter. Natixis Advisors LLC now owns 13,482 shares of the company’s stock worth $1,357,000 after purchasing an additional 1,537 shares in the last quarter. 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.