Adtalem Global Education (ATGE) Given New $45.00 Price Target at BMO Capital Markets
Adtalem Global Education (NYSE:ATGE) had its price target lowered by BMO Capital Markets from $49.00 to $45.00 in a research note published on Wednesday. BMO Capital Markets currently has a market perform rating on the stock.
ATGE has been the topic of a number of other research reports. Robert W. Baird restated a hold rating on shares of Adtalem Global Education in a research report on Thursday, December 7th. Piper Jaffray Companies restated a buy rating and set a $59.00 price target on shares of Adtalem Global Education in a research report on Monday, December 4th. Zacks Investment Research downgraded Adtalem Global Education from a hold rating to a sell rating in a research report on Tuesday, October 17th. Finally, BidaskClub upgraded Adtalem Global Education from a hold rating to a buy rating in a research report on Thursday, November 2nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $50.33.
Shares of Adtalem Global Education (NYSE:ATGE) opened at $46.85 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.20 and a quick ratio of 1.20. Adtalem Global Education has a 12-month low of $30.15 and a 12-month high of $47.15. The stock has a market capitalization of $2,649.17, a price-to-earnings ratio of 292.81, a P/E/G ratio of 1.88 and a beta of 1.01.
In other Adtalem Global Education news, SVP Donna Jennings sold 4,582 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $45.00, for a total transaction of $206,190.00. Following the sale, the senior vice president now owns 16,794 shares in the company, valued at $755,730. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.04% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATGE. JPMorgan Chase & Co. bought a new position in shares of Adtalem Global Education during the second quarter valued at about $2,065,000. Teachers Advisors LLC bought a new position in shares of Adtalem Global Education during the second quarter valued at about $4,252,000. TIAA CREF Investment Management LLC bought a new position in shares of Adtalem Global Education during the second quarter valued at about $6,359,000. UBS Asset Management Americas Inc. bought a new position in shares of Adtalem Global Education during the second quarter valued at about $1,486,000. Finally, Citigroup Inc. bought a new position in shares of Adtalem Global Education during the second quarter valued at about $479,000.
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Adtalem Global Education Company Profile
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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