Adtalem Global Education (NYSE:ATGE) Stock Price Expected to Rise, Barrington Research Analyst Says

Key Points

• Adtalem Global Education's stock price target has been raised from $150.00 to $170.00 by Barrington Research, indicating a potential upside of 13.57% from its current price.
• The company's recent quarterly earnings report showed an earnings per share of $1.66, surpassing analyst expectations, and revenue growth of 11.5% year-over-year.
• Insider trading activity revealed significant stock sales, including Director Lisa W. Wardell selling 25,477 shares for over $3.3 million, reflecting a decreased position of 36.96%.

Adtalem Global Education (NYSE:ATGE - Get Free Report) had its price target raised by analysts at Barrington Research from $150.00 to $170.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Barrington Research's target price indicates a potential upside of 13.57% from the stock's current price.

A number of other brokerages have also commented on ATGE. Zacks Research lowered Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Wall Street Zen cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 20th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Adtalem Global Education in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Adtalem Global Education presently has a consensus rating of "Moderate Buy" and an average target price of $145.67.

Adtalem Global Education Stock Up 3.2%

ATGE opened at $149.69 on Wednesday. Adtalem Global Education has a fifty-two week low of $71.09 and a fifty-two week high of $155.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82. The firm's fifty day moving average price is $137.34 and its two-hundred day moving average price is $124.41. The company has a market capitalization of $5.44 billion, a P/E ratio of 24.18, a P/E/G ratio of 1.25 and a beta of 0.86.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.51 by $0.15. The company 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 company's quarterly revenue was up 11.5% on a year-over-year basis. During the same period 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. On average, analysts anticipate that Adtalem Global Education will post 6.2 EPS for the current year.

Insiders Place Their Bets

In related news, Director Lisa W. Wardell sold 25,477 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 43,451 shares in the company, valued at $5,752,043.38. This represents a 36.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $664,918.67. The trade was a 16.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,713 shares of company stock valued at $7,702,094 in the last three months. 2.50% of the stock is owned by insiders.

Institutional Trading of Adtalem Global Education

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in Adtalem Global Education by 124.3% during the first quarter. Goldman Sachs Group Inc. now owns 699,027 shares of the company's stock worth $70,350,000 after purchasing an additional 387,330 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Adtalem Global Education by 2.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 660,433 shares of the company's stock worth $84,027,000 after buying an additional 16,663 shares during the last quarter. Northern Trust Corp lifted its stake in Adtalem Global Education by 8.0% in the first quarter. Northern Trust Corp now owns 511,966 shares of the company's stock valued at $51,524,000 after purchasing an additional 37,742 shares during the last quarter. Invesco Ltd. lifted its position in shares of Adtalem Global Education by 8.4% during the 2nd quarter. Invesco Ltd. now owns 479,981 shares of the company's stock valued at $61,068,000 after buying an additional 37,036 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Adtalem Global Education by 11.3% during the 1st quarter. Boston Partners now owns 435,060 shares of the company's stock valued at $43,876,000 after buying an additional 44,110 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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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