Adtalem Global Education (NYSE:ATGE) Stock Price Expected to Rise, Barrington Research Analyst Says

Adtalem Global Education (NYSE:ATGE) had its price target upped by investment analysts at Barrington Research from $95.00 to $115.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price target would suggest a potential upside of 17.35% from the company’s current price.

Several other equities research analysts have also recently weighed in on ATGE. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets boosted their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th.

Adtalem Global Education Price Performance

Shares of Adtalem Global Education stock traded up $0.66 on Friday, hitting $98.00. 96,048 shares of the company traded hands, compared to its average volume of 362,372. The stock has a market capitalization of $3.67 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. Adtalem Global Education has a 52 week low of $43.78 and a 52 week high of $99.17. The business has a 50-day simple moving average of $90.83 and a 200 day simple moving average of $80.06.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.17. The firm had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 earnings per share. Research analysts expect that Adtalem Global Education will post 5.89 earnings per share for the current fiscal year.

Insider Activity at Adtalem Global Education

In related news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the transaction, the director now directly owns 11,659 shares of the company’s stock, valued at $1,053,857.01. This trade represents a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Adtalem Global Education

Institutional investors have recently bought and sold shares of the business. USA Financial Formulas purchased a new position in Adtalem Global Education during the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. purchased a new position in Adtalem Global Education in the third quarter worth $27,000. Quarry LP purchased a new position in Adtalem Global Education in the second quarter worth $43,000. GAMMA Investing LLC raised its position in Adtalem Global Education by 60.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,287 shares of the company’s stock worth $97,000 after buying an additional 483 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Adtalem Global Education during the 3rd quarter worth about $123,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

About Adtalem Global Education

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.