Adtalem Global Education (ATGE) Receives “Outperform” Rating from BMO Capital Markets
Adtalem Global Education (NYSE:ATGE)‘s stock had its “outperform” rating reissued by analysts at BMO Capital Markets in a research report issued to clients and investors on Wednesday, May 15th, The Fly reports. They presently have a $50.00 target price on the stock. BMO Capital Markets’ target price would indicate a potential upside of 14.21% from the company’s previous close.
Several other research analysts have also recently commented on ATGE. Zacks Investment Research raised Adtalem Global Education from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. ValuEngine downgraded Adtalem Global Education from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Barrington Research reaffirmed a “buy” rating and set a $62.00 price target on shares of Adtalem Global Education in a report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Adtalem Global Education presently has a consensus rating of “Buy” and an average target price of $55.60.
ATGE traded up $0.34 on Wednesday, hitting $43.78. 4,495 shares of the company were exchanged, compared to its average volume of 336,433. Adtalem Global Education has a twelve month low of $42.36 and a twelve month high of $58.80. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.16 and a beta of 0.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.75.
In other Adtalem Global Education news, insider Patrick J. Unzicker sold 2,953 shares of Adtalem Global Education stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $43.07, for a total transaction of $127,185.71. Following the completion of the sale, the insider now directly owns 36,070 shares of the company’s stock, valued at approximately $1,553,534.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.91% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Man Group plc lifted its holdings in shares of Adtalem Global Education by 4.7% in the 1st quarter. Man Group plc now owns 160,344 shares of the company’s stock valued at $7,426,000 after purchasing an additional 7,204 shares during the last quarter. SEI Investments Co lifted its holdings in shares of Adtalem Global Education by 14.3% in the 1st quarter. SEI Investments Co now owns 160,019 shares of the company’s stock valued at $7,386,000 after purchasing an additional 19,999 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Adtalem Global Education by 0.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,000,476 shares of the company’s stock valued at $92,662,000 after purchasing an additional 9,460 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Adtalem Global Education by 6.8% in the 1st quarter. Geode Capital Management LLC now owns 668,055 shares of the company’s stock valued at $30,944,000 after purchasing an additional 42,447 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Adtalem Global Education by 2.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 580,711 shares of the company’s stock valued at $26,899,000 after purchasing an additional 12,115 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.
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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