Adtalem Global Education (NYSE:ATGE - Get Free Report) had its target price raised by analysts at BMO Capital Markets from $115.00 to $132.00 in a report released on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' target price points to a potential upside of 1.45% from the stock's previous close.
Other equities analysts have also issued research reports about the company. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Barrington Research increased their target price on shares of Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Jefferies Financial Group assumed coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price objective for the company.
Get Our Latest Analysis on Adtalem Global Education
Adtalem Global Education Stock Down 4.5%
Shares of NYSE ATGE traded down $6.14 during trading on Monday, hitting $130.11. The stock had a trading volume of 637,376 shares, compared to its average volume of 446,809. The firm has a fifty day moving average of $103.25 and a two-hundred day moving average of $97.13. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $4.85 billion, a PE ratio of 24.15, a PEG ratio of 1.05 and a beta of 0.86. Adtalem Global Education has a 12 month low of $62.28 and a 12 month high of $144.25.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.63 by $0.29. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The company had revenue of $466.06 million for the quarter, compared to the consensus estimate of $447.19 million. During the same period in the previous year, the firm earned $1.50 earnings per share. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. As a group, equities research analysts forecast that Adtalem Global Education will post 6.2 EPS for the current fiscal year.
Adtalem Global Education declared that its board has initiated a stock buyback program on Tuesday, May 6th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.
Insider Buying and Selling
In related news, Director Donna J. Hrinak sold 4,812 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the transaction, the director now owns 8,032 shares in the company, valued at $829,384.32. This trade represents a 37.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Adtalem Global Education
Several institutional investors have recently added to or reduced their stakes in the business. USA Financial Formulas acquired a new stake in Adtalem Global Education during the 4th quarter valued at approximately $26,000. Fifth Third Bancorp raised its stake in Adtalem Global Education by 56.8% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company's stock valued at $29,000 after acquiring an additional 104 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in Adtalem Global Education during the 1st quarter valued at $31,000. R Squared Ltd bought a new stake in Adtalem Global Education during the 4th quarter valued at $70,000. Finally, Parkside Financial Bank & Trust raised its stake in Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock valued at $72,000 after acquiring an additional 776 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.
Adtalem Global Education Company Profile
(
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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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