Adtalem Global Education Inc. (NYSE:CVSA) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analysts rate Adtalem Global Education “Hold” on average: Three of five covering brokerages recommend holding the stock, while two recommend buying it. The average 12-month price target is $151.67 versus the recent price of $128.77.
• The company reported quarterly earnings of $2.19 per share, beating the $1.90 analyst consensus, on revenue of $511.53 million. Analysts expect approximately $9.00 in earnings per share for the current fiscal year.
• Insiders sold 20,365 shares worth about $2.7 million over the past 90 days, while institutional investors own a substantial 98.84% of outstanding shares.

Adtalem Global Education Inc. (NYSE:CVSA - Get Free Report) has received an average rating of "Hold" from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $151.67.

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets cut their price target on Adtalem Global Education from $148.00 to $145.00 and set an "outperform" rating for the company in a research note on Monday, October 5th. Weiss Ratings raised Adtalem Global Education from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, October 21st. Wall Street Zen upgraded Adtalem Global Education from a "hold" rating to a "buy" rating in a report on Sunday, September 27th. Finally, Truist Financial downgraded Adtalem Global Education from a "buy" rating to a "hold" rating and set a $140.00 price objective on the stock. in a report on Thursday, September 3rd.

Insider Buying and Selling at Adtalem Global Education

In other news, CAO Manjunath Gangadharan sold 1,802 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $137.18, for a total transaction of $247,198.36. Following the transaction, the chief accounting officer owned 5,083 shares in the company, valued at $697,285.94. This represents a 26.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Beard sold 4,667 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of $130.77, for a total transaction of $610,303.59. Following the transaction, the chief executive officer owned 469,158 shares in the company, valued at approximately $61,351,791.66. This trade represents a 0.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 20,365 shares of company stock valued at $2,704,088. 2.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Adtalem Global Education

An institutional investor recently bought a new position in Adtalem Global Education stock. Kendall Capital Management bought a new stake in shares of Adtalem Global Education Inc. (NYSE:CVSA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,622 shares of the company's stock, valued at approximately $1,449,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Adtalem Global Education Trading Up 1.8%

Shares of NYSE:CVSA opened at $128.77 on Friday. The firm has a fifty day moving average of $128.06 and a two-hundred day moving average of $122.06. 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 has a 12-month low of $86.97 and a 12-month high of $145.43. The firm has a market capitalization of $4.36 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 0.94 and a beta of 0.65.

Adtalem Global Education (NYSE:CVSA - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $0.29. Adtalem Global Education had a net margin of 12.87% and a return on equity of 20.88%. The business had revenue of $511.53 million for the quarter. On average, equities analysts expect that Adtalem Global Education will post 9.00 EPS for the current fiscal year.

About Adtalem Global Education

Adtalem Global Education, Inc is an education services company that provides healthcare and professional education through institutions serving students in the United States and internationally. The company focuses on preparing students for careers in healthcare, including nursing, medicine, veterinary medicine and other health-related fields.

Its portfolio has included Chamberlain University, Walden University, the American University of the Caribbean School of Medicine, Ross University School of Medicine and Ross University School of Veterinary Medicine.

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