Adtalem Global Education (NYSE:CVSA) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Adtalem Global Education from “Buy” to “Hold.” The broader analyst consensus is also “Hold,” with a $155 average price target.
• CVSA opened at $126.76, within a 52-week range of $86.97 to $156.26. The company recently exceeded quarterly earnings expectations, reporting $2.09 in EPS versus the $1.90 consensus estimate on $501.38 million in revenue.
• Insiders sold 22,462 shares worth approximately $3.03 million during the last quarter, while institutional investors own 98.84% of the company; Kendall Capital Management recently acquired 11,622 shares.

Adtalem Global Education (NYSE:CVSA - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently weighed in on CVSA. Barrington Research reissued an "outperform" rating and set a $170.00 price objective on shares of Adtalem Global Education in a research note on Monday, June 8th. Truist Financial lowered Adtalem Global Education from a "buy" rating to a "hold" rating and set a $140.00 price objective for the company. in a research note on Thursday, September 3rd. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Adtalem Global Education in a report on Wednesday, August 19th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $155.00.

Adtalem Global Education Price Performance

CVSA stock opened at $126.76 on Friday. Adtalem Global Education has a 52 week low of $86.97 and a 52 week high of $156.26. The firm has a market capitalization of $4.31 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 0.94 and a beta of 0.63. The company has a fifty day simple moving average of $127.58 and a two-hundred day simple moving average of $121.54. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:CVSA - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $0.19. Adtalem Global Education had a net margin of 12.87% and a return on equity of 20.88%. The firm had revenue of $501.38 million for the quarter. Adtalem Global Education has set its FY 2027 guidance at 8.900-9.150 EPS. Analysts anticipate that Adtalem Global Education will post 9 earnings per share for the current fiscal year.

Insider Activity

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 1,802 shares of the firm's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $137.18, for a total value of $247,198.36. Following the completion of the sale, the chief accounting officer owned 5,083 shares of the company's stock, valued at $697,285.94. This trade represents a 26.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Douglas G. Beck sold 4,526 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $135.81, for a total transaction of $614,676.06. Following the completion of the sale, the senior vice president directly owned 28,544 shares of the company's stock, valued at approximately $3,876,560.64. The trade was a 13.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 22,462 shares of company stock valued at $3,027,792 in the last quarter. 2.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Adtalem Global Education

An institutional investor recently bought a new position in Adtalem Global Education stock. Kendall Capital Management acquired a new stake in shares of Adtalem Global Education Inc. (NYSE:CVSA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 11,622 shares of the company's stock, valued at approximately $1,449,000. 98.84% of the stock is currently owned by institutional investors.

About Adtalem Global Education

Adtalem Global Education Inc is a provider of postsecondary education and professional training focused primarily on healthcare and other workforce-oriented fields. Through its academic institutions, the company offers degree programs, certificates and other educational services designed to prepare students for careers in nursing, medicine, veterinary medicine, public health, business and related disciplines.

Adtalem's education network includes Chamberlain University, Walden University, Ross University School of Medicine, Ross University School of Veterinary Medicine and the American University of the Caribbean School of Medicine.

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