Adtalem Global Education Inc (NYSE:ATGE) has earned a consensus rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $55.50.
A number of research analysts recently commented on the stock. Barrington Research reaffirmed a “buy” rating and set a $55.00 price objective on shares of Adtalem Global Education in a research report on Thursday, May 16th. Zacks Investment Research raised shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Adtalem Global Education in a research report on Wednesday, May 15th. Finally, ValuEngine downgraded shares of Adtalem Global Education from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th.
ATGE stock opened at $45.05 on Friday. Adtalem Global Education has a 52-week low of $42.36 and a 52-week high of $58.80. The company’s 50 day moving average price is $44.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.19 and a beta of 0.94.
In related news, insider Patrick J. Unzicker sold 2,953 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $43.07, for a total transaction of $127,185.71. Following the transaction, the insider now directly owns 36,070 shares of the company’s stock, valued at $1,553,534.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.91% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Fort L.P. bought a new stake in Adtalem Global Education in the fourth quarter worth approximately $54,000. Marshall Wace North America L.P. bought a new stake in Adtalem Global Education in the first quarter worth approximately $56,000. Mackay Shields LLC bought a new stake in Adtalem Global Education in the fourth quarter worth approximately $208,000. Bank of Montreal Can grew its position in Adtalem Global Education by 66.7% in the first quarter. Bank of Montreal Can now owns 4,470 shares of the company’s stock worth $207,000 after acquiring an additional 1,789 shares in the last quarter. Finally, NumerixS Investment Technologies Inc bought a new stake in Adtalem Global Education in the fourth quarter worth approximately $221,000. 97.71% of the stock is owned by institutional investors.
Adtalem Global Education Company Profile
Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.
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