Adtalem Global Education (ATGE) Given New $56.00 Price Target at First Analysis

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.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. Adtalem Global Education had a return on equity of 10.06% and a net margin of 0.89%. The business had revenue of $342.19 million for the quarter, compared to analyst estimates of $342.79 million. During the same period last year, the company earned $0.56 EPS. Adtalem Global Education’s revenue for the quarter was up 2.9% compared to the same quarter last year. research analysts forecast that Adtalem Global Education will post 2.76 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Adtalem Global Education (NYSE:ATGE)

Receive News & Ratings for Adtalem Global Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adtalem Global Education and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply