Adtalem Global Education (NYSE:ATGE) has been given a consensus rating of “Buy” by the seven research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $50.33.
A number of equities research analysts have recently issued reports on ATGE shares. Zacks Investment Research raised Adtalem Global Education from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. BMO Capital Markets reaffirmed a “hold” rating and set a $49.00 target price on shares of Adtalem Global Education in a research report on Wednesday, January 17th. Robert W. Baird boosted their target price on Adtalem Global Education from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Finally, ValuEngine raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st.
Shares of ATGE traded up $0.80 during midday trading on Wednesday, reaching $48.85. The stock had a trading volume of 112,499 shares, compared to its average volume of 549,010. Adtalem Global Education has a 52 week low of $30.15 and a 52 week high of $50.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $2,896.31, a PE ratio of 17.46, a P/E/G ratio of 1.87 and a beta of 0.91.
Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Tuesday, February 6th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The company had revenue of $337.24 million for the quarter, compared to analyst estimates of $435.56 million. Adtalem Global Education had a return on equity of 9.92% and a net margin of 0.86%. Adtalem Global Education’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 earnings per share. equities research analysts forecast that Adtalem Global Education will post 2.78 EPS for the current fiscal year.
In related news, insider Lisa W. Wardell sold 61,056 shares of the company’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $49.80, for a total transaction of $3,040,588.80. Following the transaction, the insider now directly owns 168,157 shares of the company’s stock, valued at $8,374,218.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ronald L. Taylor sold 97,625 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $46.76, for a total value of $4,564,945.00. Following the transaction, the insider now directly owns 604,726 shares in the company, valued at $28,276,987.76. The disclosure for this sale can be found here. Insiders have sold 295,286 shares of company stock worth $13,851,648 over the last three months. 3.04% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. ING Groep NV grew its stake in Adtalem Global Education by 20.4% in the fourth quarter. ING Groep NV now owns 9,154 shares of the company’s stock valued at $385,000 after purchasing an additional 1,551 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Adtalem Global Education by 12.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 47,132 shares of the company’s stock worth $1,982,000 after acquiring an additional 5,245 shares in the last quarter. HighPoint Advisor Group LLC bought a new stake in shares of Adtalem Global Education during the 4th quarter worth about $737,000. Cramer Rosenthal Mcglynn LLC bought a new stake in shares of Adtalem Global Education during the 4th quarter worth about $19,580,000. Finally, New Mexico Educational Retirement Board bought a new stake in shares of Adtalem Global Education during the 4th quarter worth about $648,000.
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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.
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