Adtalem Global Education (NYSE:ATGE) Stock Rating Lowered by Wall Street Zen

Key Points

• Adtalem Global Education has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting a shift in analyst sentiment.
• Despite the downgrade, Barrington Research raised its price target for the stock from $140.00 to $150.00, indicating continued investor interest.
• Adtalem reported better-than-expected quarterly earnings, with an EPS of $1.66, surpassing consensus estimates by $0.15, and a revenue increase of 11.5% year-over-year.

Adtalem Global Education (NYSE:ATGE - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday.

Several other research firms have also issued reports on ATGE. Barrington Research lifted their price objective on shares of Adtalem Global Education from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Zacks Research downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.00.

Adtalem Global Education Stock Up 2.2%

Shares of ATGE traded up $3.10 during midday trading on Friday, hitting $143.69. The company had a trading volume of 124,244 shares, compared to its average volume of 457,971. The company's 50 day moving average price is $126.32 and its 200 day moving average price is $118.64. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 1.21 and a beta of 0.94. Adtalem Global Education has a 52 week low of $71.09 and a 52 week high of $143.39. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.39.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.51 by $0.15. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.The company had revenue of $457.11 million during the quarter, compared to analyst estimates of $440.93 million. During the same period in the prior year, the company earned $1.37 earnings per share. The business's revenue was up 11.5% compared to the same quarter last year. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. On average, equities research analysts predict that Adtalem Global Education will post 6.2 EPS for the current year.

Insider Activity

In other news, Director Lisa W. Wardell sold 25,477 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $132.38, for a total transaction of $3,372,645.26. Following the transaction, the director owned 43,451 shares in the company, valued at approximately $5,752,043.38. The trade was a 36.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Manjunath Gangadharan sold 944 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total transaction of $128,072.48. Following the completion of the transaction, the chief accounting officer owned 4,901 shares in the company, valued at approximately $664,918.67. This trade represents a 16.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,713 shares of company stock worth $7,702,094. Insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Adtalem Global Education

Several large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in Adtalem Global Education by 1.5% in the second quarter. Quadrant Capital Group LLC now owns 5,878 shares of the company's stock valued at $748,000 after purchasing an additional 88 shares in the last quarter. Fifth Third Bancorp increased its stake in Adtalem Global Education by 56.8% in the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock valued at $29,000 after purchasing an additional 104 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Adtalem Global Education by 1.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,880 shares of the company's stock worth $1,196,000 after acquiring an additional 129 shares in the last quarter. US Bancorp DE lifted its stake in Adtalem Global Education by 3.9% in the first quarter. US Bancorp DE now owns 3,414 shares of the company's stock valued at $344,000 after acquiring an additional 129 shares during the last quarter. Finally, Moran Wealth Management LLC lifted its stake in Adtalem Global Education by 2.6% in the second quarter. Moran Wealth Management LLC now owns 5,326 shares of the company's stock valued at $678,000 after acquiring an additional 135 shares during the last quarter. Institutional investors 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.