DeVry Education Group (ATGE) Stock Price Up 8.3%
DeVry Education Group Inc. (NYSE:ATGE)’s share price rose 8.3% on Wednesday . The company traded as high as $44.71 and last traded at $43.90. Approximately 2,328,200 shares were traded during trading, an increase of 275% from the average daily volume of 621,032 shares. The stock had previously closed at $40.55.
ATGE has been the subject of a number of recent research reports. BidaskClub upgraded DeVry Education Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. BMO Capital Markets lifted their price objective on DeVry Education Group from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. Zacks Investment Research lowered DeVry Education Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Piper Jaffray Companies reiterated a “buy” rating and set a $59.00 price objective on shares of DeVry Education Group in a research note on Monday. Finally, ValuEngine lowered DeVry Education Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $44.67.
The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.08. The stock has a market cap of $2,459.97, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99.
DeVry Education Group (NYSE:ATGE) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.16). DeVry Education Group had a net margin of 6.17% and a return on equity of 10.24%. The business had revenue of $421.03 million during the quarter, compared to analysts’ expectations of $428.00 million. During the same quarter in the prior year, the firm earned $0.45 EPS. DeVry Education Group’s revenue for the quarter was down 6.4% on a year-over-year basis. sell-side analysts predict that DeVry Education Group Inc. will post 2.84 earnings per share for the current year.
In related news, insider Carlos Filgueiras sold 2,325 shares of DeVry Education Group stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $36.92, for a total value of $85,839.00. Following the completion of the transaction, the insider now owns 11,832 shares in the company, valued at approximately $436,837.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.04% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of ATGE. Northwestern Mutual Investment Management Company LLC purchased a new stake in DeVry Education Group during the 2nd quarter worth approximately $174,000. GHP Investment Advisors Inc. acquired a new position in shares of DeVry Education Group during the 2nd quarter worth approximately $202,000. Tower Research Capital LLC TRC acquired a new position in shares of DeVry Education Group during the 2nd quarter worth approximately $223,000. Shelton Capital Management acquired a new position in shares of DeVry Education Group during the 2nd quarter worth approximately $224,000. Finally, Capstone Investment Advisors Netherlands B.V. acquired a new position in shares of DeVry Education Group during the 2nd quarter worth approximately $243,000.
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About DeVry Education Group
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
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