Adtalem Global Education (NYSE:ATGE) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Adtalem Global Education (NYSE:ATGE) had its price target raised by stock analysts at BMO Capital Markets from $108.00 to $115.00 in a report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 7.62% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Barrington Research lifted their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday.

Adtalem Global Education Stock Performance

Shares of NYSE ATGE opened at $106.85 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $93.34 and its two-hundred day moving average price is $82.51. Adtalem Global Education has a 52-week low of $45.16 and a 52-week high of $112.44. The stock has a market capitalization of $3.98 billion, a P/E ratio of 19.90, a P/E/G ratio of 1.15 and a beta of 0.97.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. As a group, sell-side analysts forecast that Adtalem Global Education will post 6.2 earnings per share for the current 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 on Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the completion of the sale, the director now owns 11,659 shares of the company’s stock, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quantinno Capital Management LP raised its position in shares of Adtalem Global Education by 4.3% during the third quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock valued at $231,000 after buying an additional 126 shares during the last quarter. GAMMA Investing LLC grew its stake in Adtalem Global Education by 13.8% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock worth $133,000 after buying an additional 177 shares during the last quarter. Glenmede Trust Co. NA grew its stake in Adtalem Global Education by 1.5% during the third quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock worth $994,000 after buying an additional 192 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Adtalem Global Education during the fourth quarter valued at approximately $26,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Adtalem Global Education by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock valued at $1,443,000 after purchasing an additional 283 shares during the last quarter. Institutional investors and hedge funds 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.