Weiss Ratings Reaffirms Buy (B) Rating for Adtalem Global Education (NYSE:ATGE)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B)" rating for Adtalem Global Education (NYSE:ATGE), while other analysts have varying opinions with ratings from "strong-buy" to "hold".
• The latest trading data shows that Adtalem's stock increased 0.9% to $145.94, with a 12-month range of $71.09 to $155.39.
• In its most recent earnings report, Adtalem Global Education reported an EPS of $1.66, exceeding expectations and marking an 11.5% revenue increase compared to the same quarter last year.

Adtalem Global Education (NYSE:ATGE - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently weighed in on ATGE. Wall Street Zen downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 20th. Barrington Research reissued an "outperform" rating and issued a $150.00 target price on shares of Adtalem Global Education in a report on Tuesday, September 23rd. Finally, Zacks Research downgraded Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $139.00.

Adtalem Global Education Stock Up 0.9%

NYSE ATGE traded up $1.35 during trading on Wednesday, hitting $145.94. 110,811 shares of the company traded hands, compared to its average volume of 453,883. Adtalem Global Education has a 12 month low of $71.09 and a 12 month high of $155.39. The business has a fifty day simple moving average of $134.24 and a 200 day simple moving average of $122.91. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $5.30 billion, a P/E ratio of 23.60, a PEG ratio of 1.29 and a beta of 0.86.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.15. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.The firm had revenue of $457.11 million for the quarter, compared to analyst estimates of $440.93 million. During the same period in the previous year, the company posted $1.37 earnings per share. The company's quarterly revenue was up 11.5% compared to the same quarter last year. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. As a group, sell-side analysts predict that Adtalem Global Education will post 6.2 EPS for the current year.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director Lisa W. Wardell sold 25,477 shares of the company's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $132.38, for a total transaction of $3,372,645.26. Following the completion of the sale, the director owned 43,451 shares in the company, valued at approximately $5,752,043.38. The trade was a 36.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total transaction of $128,072.48. Following the completion of the sale, the chief accounting officer owned 4,901 shares of the company's stock, valued at approximately $664,918.67. This represents a 16.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,713 shares of company stock valued at $7,702,094 in the last quarter. Corporate insiders own 2.50% of the company's stock.

Institutional Trading of Adtalem Global Education

A number of large investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in shares of Adtalem Global Education by 15.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 164,435 shares of the company's stock valued at $25,397,000 after buying an additional 22,324 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Adtalem Global Education by 1.0% in the 2nd quarter. Corient Private Wealth LLC now owns 97,140 shares of the company's stock valued at $12,359,000 after buying an additional 990 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Adtalem Global Education by 66.3% in the 2nd quarter. Osaic Holdings Inc. now owns 25,986 shares of the company's stock valued at $3,306,000 after buying an additional 10,357 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Adtalem Global Education by 2.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 140,430 shares of the company's stock worth $17,867,000 after purchasing an additional 2,789 shares during the period. Finally, FORA Capital LLC acquired a new position in Adtalem Global Education in the 2nd quarter worth $550,000. Institutional investors own 98.84% of the company's stock.

About Adtalem Global Education

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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