Adtalem Global Education (NYSE:ATGE) Earns "Outperform" Rating from Barrington Research

Key Points

• Adtalem Global Education received an "outperform" rating reaffirmed by Barrington Research, with a price target of $150, indicating a potential upside of 4.94% from its current price.
• The company reported $1.66 earnings per share for the last quarter, exceeding analysts' expectations of $1.51, and its revenue increased by 11.5% year-over-year.
• Insider sales included the CAO selling 944 shares and a director offloading 25,477 shares, indicating a significant reduction in ownership by company insiders over the last quarter.

Adtalem Global Education (NYSE:ATGE - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Barrington Research in a note issued to investors on Tuesday,Benzinga reports. They presently have a $150.00 price target on the stock. Barrington Research's price objective would suggest a potential upside of 4.94% from the company's current price.

Several other equities analysts also recently commented on ATGE. Zacks Research downgraded Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Wall Street Zen downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $139.00.

Adtalem Global Education Stock Performance

NYSE ATGE traded down $0.43 during trading on Tuesday, reaching $142.94. 46,469 shares of the company's stock were exchanged, compared to its average volume of 457,470. The business has a 50 day moving average price of $126.81 and a 200-day moving average price of $119.01. The stock has a market capitalization of $5.14 billion, a P/E ratio of 23.03, a PEG ratio of 1.21 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82. Adtalem Global Education has a fifty-two week low of $71.09 and a fifty-two week high of $144.77.

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

Insiders Place Their Bets

In other news, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $135.67, for a total value of $128,072.48. Following the completion of the transaction, the chief accounting officer directly owned 4,901 shares in the company, valued at approximately $664,918.67. This represents a 16.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lisa W. Wardell sold 25,477 shares of the firm's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $132.38, for a total value of $3,372,645.26. Following the transaction, the director directly owned 43,451 shares of the company's stock, valued at approximately $5,752,043.38. This represents a 36.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,713 shares of company stock valued at $7,702,094 over the last quarter. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in shares of Adtalem Global Education by 17.5% in the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock worth $173,000 after acquiring an additional 256 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Adtalem Global Education by 56.8% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after acquiring an additional 104 shares in the last quarter. Vontobel Holding Ltd. raised its position in shares of Adtalem Global Education by 6.4% in the 1st quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company's stock worth $258,000 after acquiring an additional 155 shares in the last quarter. Kendall Capital Management bought a new position in shares of Adtalem Global Education in the 1st quarter worth about $224,000. Finally, Allianz SE bought a new position in shares of Adtalem Global Education in the 1st quarter worth about $449,000. 98.84% of the stock is owned by institutional investors.

About Adtalem Global Education

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.

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