Adtalem Global Education (NYSE:ATGE) had its price objective boosted by First Analysis to $56.00 in a research note released on Tuesday. First Analysis currently has an overweight rating on the stock. First Analysis also issued estimates for Adtalem Global Education’s Q4 2018 earnings at $0.87 EPS, FY2018 earnings at $2.74 EPS and FY2019 earnings at $2.99 EPS.
A number of other equities research analysts have also weighed in on ATGE. ValuEngine lowered Adtalem Global Education from a strong-buy rating to a buy rating in a research report on Friday, May 4th. Zacks Investment Research lowered Adtalem Global Education from a hold rating to a sell rating in a research report on Tuesday, May 8th. BMO Capital Markets upgraded Adtalem Global Education from a market perform rating to an outperform rating and set a $45.00 price objective on the stock in a research report on Monday, May 7th. They noted that the move was a valuation call. Barrington Research reiterated an outperform rating and issued a $57.00 price objective on shares of Adtalem Global Education in a research report on Friday, May 4th. They noted that the move was a valuation call. Finally, Robert W. Baird lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $52.80.
Adtalem Global Education opened at $47.75 on Tuesday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.42 and a current ratio of 1.42. Adtalem Global Education has a 1 year low of $30.15 and a 1 year high of $50.15. The company has a market cap of $2.85 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.85 and a beta of 0.94.
In related news, insider Lisa W. Wardell sold 61,056 shares of Adtalem Global Education stock in a transaction that occurred 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 sale, the insider now directly owns 168,157 shares in the company, valued at $8,374,218.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donna Jennings sold 3,918 shares of Adtalem Global Education stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $50.00, for a total value of $195,900.00. Following the sale, the insider now owns 12,815 shares in the company, valued at $640,750. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,304 shares of company stock worth $4,374,348. Corporate insiders own 3.04% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC purchased a new position in Adtalem Global Education during the fourth quarter valued at $2,767,000. ING Groep NV increased its position in Adtalem Global Education by 20.4% during the fourth quarter. ING Groep NV now owns 9,154 shares of the company’s stock valued at $385,000 after acquiring an additional 1,551 shares during the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new stake in Adtalem Global Education during the fourth quarter valued at $19,580,000. UBS Asset Management Americas Inc. increased its position in Adtalem Global Education by 12.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 47,132 shares of the company’s stock valued at $1,982,000 after acquiring an additional 5,245 shares during the last quarter. Finally, HighPoint Advisor Group LLC purchased a new stake in Adtalem Global Education during the fourth quarter valued at $737,000. Institutional investors own 97.82% of the company’s stock.
About Adtalem Global Education
Adtalem Global Education Inc provides educational services worldwide. It operates through four segments: Medical and Healthcare, Professional Education, Technology and Business, and U.S. Traditional Postsecondary. The Medical and Healthcare segment operates Chamberlain University, which provides pre and post-licensure bachelor's, master's, and doctorate degree programs in nursing through campus and online; American University of the Caribbean School of Medicine and Ross University School of Medicine, which provide medical education; and Ross University School of Veterinary Medicine that offers veterinary education.
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