Adtalem Global Education (NYSE:ATGE) Price Target Raised to $70.00 at Barrington Research

Adtalem Global Education (NYSE:ATGE - Free Report) had its price objective upped by Barrington Research from $65.00 to $70.00 in a research report released on Friday, Benzinga reports. They currently have an outperform rating on the stock.

ATGE has been the subject of several other research reports. Robert W. Baird increased their price target on shares of Adtalem Global Education from $65.00 to $70.00 and gave the stock an outperform rating in a research report on Friday. StockNews.com cut Adtalem Global Education from a strong-buy rating to a buy rating in a research report on Wednesday, February 7th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $63.33.

Adtalem Global Education Stock Performance

Adtalem Global Education stock traded up $7.68 during mid-day trading on Friday, reaching $60.08. The company had a trading volume of 1,144,803 shares, compared to its average volume of 520,912. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average of $49.04 and a 200-day moving average of $52.80. Adtalem Global Education has a 52 week low of $33.59 and a 52 week high of $62.99. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 0.73 and a beta of 0.92.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.36. The firm had revenue of $412.70 million for the quarter, compared to the consensus estimate of $391.68 million. Adtalem Global Education had a net margin of 7.93% and a return on equity of 13.05%. The business's revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 earnings per share. On average, sell-side analysts expect that Adtalem Global Education will post 4.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Raymond James & Associates lifted its position in shares of Adtalem Global Education by 108.2% during the third quarter. Raymond James & Associates now owns 28,350 shares of the company's stock worth $1,215,000 after purchasing an additional 14,735 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Adtalem Global Education by 36.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,502 shares of the company's stock worth $407,000 after purchasing an additional 2,519 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Adtalem Global Education during the 3rd quarter worth $1,827,000. Strs Ohio bought a new position in Adtalem Global Education in the 3rd quarter valued at $317,000. Finally, First Trust Direct Indexing L.P. bought a new position in Adtalem Global Education in the 3rd quarter valued at $201,000. 98.84% of the stock is owned by institutional investors.

Adtalem Global Education Company Profile

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.