Adtalem Global Education Inc (NYSE:ATGE) Given Consensus Recommendation of “Buy” by Analysts

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.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.03. Adtalem Global Education had a net margin of 8.83% and a return on equity of 11.38%. The business had revenue of $308.61 million for the quarter, compared to analyst estimates of $315.35 million. During the same quarter in the previous year, the business earned $0.70 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Equities research analysts predict that Adtalem Global Education will post 2.83 EPS for the current fiscal year.

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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