Favorable Media Coverage Somewhat Unlikely to Impact Adtalem Global Education (ATGE) Share Price
Media coverage about Adtalem Global Education (NYSE:ATGE) has trended positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Adtalem Global Education earned a news impact score of 0.29 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.721902676072 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Adtalem Global Education Inc (ATGE) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Bloomberg Markets: Facebook’s ‘Troll Armies’, E-Commerce ETF (bloomberg.com)
- Ross University School of Medicine Receives Regulatory Approvals to Relocate its Campus Temporarily on a Ship Off St. Kitts (finance.yahoo.com)
- Stocks Flashing Renewed Technical Strength: Devry Education (finance.yahoo.com)
Several analysts have recently commented on ATGE shares. BidaskClub upgraded Adtalem Global Education from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Piper Jaffray Companies restated a “buy” rating and set a $59.00 target price on shares of Adtalem Global Education in a report on Monday, December 4th. ValuEngine cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Robert W. Baird restated a “hold” rating on shares of Adtalem Global Education in a report on Thursday, December 7th. Finally, BMO Capital Markets increased their target price on Adtalem Global Education from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Adtalem Global Education currently has an average rating of “Hold” and a consensus target price of $48.50.
Adtalem Global Education (NYSE:ATGE) traded down $1.05 during trading on Monday, reaching $44.05. The company had a trading volume of 249,240 shares, compared to its average volume of 626,129. The company has a market capitalization of $2,670.00, a PE ratio of 25.61, a price-to-earnings-growth ratio of 1.92 and a beta of 0.99. Adtalem Global Education has a fifty-two week low of $30.15 and a fifty-two week high of $46.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.20 and a current ratio of 1.20.
Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.16). The firm had revenue of $421.03 million during the quarter, compared to the consensus estimate of $428.00 million. Adtalem Global Education had a net margin of 6.17% and a return on equity of 10.24%. Adtalem Global Education’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 EPS. research analysts predict that Adtalem Global Education will post 2.84 earnings per share for the current fiscal year.
In other Adtalem Global Education news, SVP Donna Jennings sold 4,582 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $45.00, for a total value of $206,190.00. Following the transaction, the senior vice president now owns 16,794 shares of the company’s stock, valued at $755,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Carlos Filgueiras sold 2,325 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $36.92, for a total value of $85,839.00. Following the completion of the transaction, the insider now directly owns 11,832 shares in the company, valued at approximately $436,837.44. The disclosure for this sale can be found here. 3.04% of the stock is owned by company insiders.
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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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