Adtalem Global Education (NYSE:ATGE)‘s stock had its “buy” rating reiterated by analysts at Barrington Research in a research note issued to investors on Thursday, AnalystRatings.com reports. They presently have a $55.00 price target on the stock. Barrington Research’s price objective would indicate a potential upside of 25.77% from the stock’s current price.

ATGE has been the subject of a number of other research reports. Zacks Investment Research cut Adtalem Global Education from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. BMO Capital Markets restated an “outperform” rating and issued a $50.00 price target on shares of Adtalem Global Education in a report on Wednesday. Finally, ValuEngine cut Adtalem Global Education from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Adtalem Global Education presently has a consensus rating of “Hold” and an average price target of $55.60.

Shares of ATGE stock opened at $43.73 on Thursday. Adtalem Global Education has a fifty-two week low of $42.70 and a fifty-two week high of $58.80. The firm has a market capitalization of $2.49 billion, a PE ratio of 15.73, a PEG ratio of 1.17 and a beta of 0.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.75.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. The business had revenue of $308.61 million during the quarter, compared to analysts’ expectations of $315.35 million. Adtalem Global Education had a return on equity of 11.38% and a net margin of 8.83%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.70 earnings per share. As a group, sell-side analysts anticipate that Adtalem Global Education will post 2.84 earnings per share for the current fiscal year.

In other Adtalem Global Education news, Director James D. White sold 2,936 shares of Adtalem Global Education stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $49.03, for a total value of $143,952.08. Following the completion of the sale, the director now owns 6,523 shares in the company, valued at approximately $319,822.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.91% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATGE. Norges Bank acquired a new position in shares of Adtalem Global Education in the 4th quarter valued at about $35,320,000. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Adtalem Global Education by 50.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,019,225 shares of the company’s stock valued at $48,229,000 after purchasing an additional 341,075 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Adtalem Global Education by 11.6% in the 1st quarter. Wedge Capital Management L L P NC now owns 2,677,303 shares of the company’s stock valued at $124,013,000 after purchasing an additional 278,637 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Adtalem Global Education by 16.1% in the 1st quarter. AQR Capital Management LLC now owns 1,318,065 shares of the company’s stock valued at $61,053,000 after purchasing an additional 182,358 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Adtalem Global Education by 423.6% in the 4th quarter. Prudential Financial Inc. now owns 214,281 shares of the company’s stock valued at $10,140,000 after purchasing an additional 173,354 shares in the last quarter. 98.74% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Company Profile

Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.

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Analyst Recommendations for Adtalem Global Education (NYSE:ATGE)

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