Adtalem Global Education (ATGE) Receives Buy Rating from Barrington Research
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.
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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