Adtalem Global Education (ATGE) Earning Favorable News Coverage, Report Shows
News stories about Adtalem Global Education (NYSE:ATGE) have been trending positive on Monday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Adtalem Global Education earned a daily sentiment score of 0.36 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.7492374250327 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Adtalem Global Education (ATGE) Raised to Strong-Buy at ValuEngine (americanbankingnews.com)
- Adtalem Global Education Inc (ATGE) Shares Bought by California Public Employees Retirement System (americanbankingnews.com)
- Cortina Asset Management LLC Buys New Stake in Adtalem Global Education Inc (ATGE) (americanbankingnews.com)
- Schroder Investment Management Group Has $6.80 Million Position in Adtalem Global Education Inc (ATGE) (americanbankingnews.com)
- Calamos Advisors LLC Lowers Stake in Adtalem Global Education Inc (ATGE) (americanbankingnews.com)
Several brokerages recently weighed in on ATGE. ValuEngine raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Thursday. Zacks Investment Research raised Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Robert W. Baird lifted their price objective on Adtalem Global Education from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. BMO Capital Markets decreased their price objective on Adtalem Global Education from $49.00 to $45.00 and set a “market perform” rating for the company in a report on Wednesday, February 7th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $59.00 price objective on shares of Adtalem Global Education in a report on Monday, December 4th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $50.33.
Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Tuesday, February 6th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01. Adtalem Global Education had a return on equity of 9.92% and a net margin of 0.86%. The business had revenue of $337.24 million during the quarter, compared to the consensus estimate of $435.56 million. During the same quarter last year, the company earned $0.64 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. analysts forecast that Adtalem Global Education will post 2.77 earnings per share for the current year.
In other Adtalem Global Education news, insider Ronald L. Taylor sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $45.33, for a total value of $4,533,000.00. Following the completion of the transaction, the insider now owns 643,620 shares in the company, valued at approximately $29,175,294.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $206,190.00. Following the completion of the transaction, the senior vice president now owns 16,794 shares of the company’s stock, valued at approximately $755,730. The disclosure for this sale can be found here. In the last 90 days, insiders sold 238,812 shares of company stock valued at $11,017,249. 3.04% of the stock is owned by corporate insiders.
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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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