Adtalem Global Education (NYSE:CVSA) Stock Price Target Lowered at BMO Capital Markets

Key Points

• BMO Capital Markets lowered Adtalem Global Education’s price target to $145 from $148 while maintaining an “outperform” rating, implying 15.19% potential upside from the stock’s $125.88 price.
• Analyst sentiment is mixed: the stock has an average “Hold” rating and $151.67 price target, despite Wall Street Zen upgrading it to “Buy” and Barrington Research maintaining an “Outperform” rating.
• Adtalem exceeded quarterly earnings expectations, reporting $2.09 EPS versus the $1.90 consensus estimate on $501.38 million in revenue; however, insiders have sold 22,462 shares worth approximately $3.03 million over the past three months.

Adtalem Global Education (NYSE:CVSA - Get Free Report) had its target price dropped by stock analysts at BMO Capital Markets from $148.00 to $145.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. BMO Capital Markets' price target would suggest a potential upside of 15.19% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of Adtalem Global Education from a "hold" rating to a "buy" rating in a research note on Sunday, September 27th. Barrington Research reissued an "outperform" rating and issued a $170.00 price objective on shares of Adtalem Global Education in a research report on Monday, June 8th. Truist Financial cut shares of Adtalem Global Education from a "buy" rating to a "hold" rating and set a $140.00 price objective for the company. in a research report on Thursday, September 3rd. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Adtalem Global Education in a research note on Wednesday, August 19th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $151.67.

Adtalem Global Education Trading Up 0.3%

NYSE CVSA traded up $0.40 during trading on Monday, hitting $125.88. The stock had a trading volume of 139,753 shares, compared to its average volume of 366,898. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $4.28 billion, a PE ratio of 17.92, a PEG ratio of 0.93 and a beta of 0.65. The firm has a 50 day moving average price of $128.31 and a 200 day moving average price of $123.10. Adtalem Global Education has a twelve month low of $86.97 and a twelve month high of $156.26.

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

Insiders Place Their Bets

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 1,802 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was 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 approximately $697,285.94. This trade represents a 26.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Phelan sold 2,900 shares of the company's stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $135.41, for a total transaction of $392,689.00. Following the transaction, the chief financial officer directly owned 52,906 shares in the company, valued at approximately $7,164,001.46. This trade represents a 5.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 22,462 shares of company stock worth $3,027,792. 2.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Adtalem Global Education stock. Kendall Capital Management bought a new stake in shares of Adtalem Global Education Inc. (NYSE:CVSA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 11,622 shares of the company's stock, valued at approximately $1,449,000. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Company Profile

Adtalem Global Education is an education services company that provides professional, postsecondary and healthcare-focused education through institutions and brands serving students and working professionals. Its offerings include degree programs, career training, certification preparation and continuing education.

The company's academic institutions include Chamberlain University, Walden University, American University of the Caribbean School of Medicine, Ross University School of Medicine, Ross University School of Veterinary Medicine and the Medical University of the Americas.

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