Adtalem Global Education (ATGE) Receives “Outperform” Rating from BMO Capital Markets
Adtalem Global Education (NYSE:ATGE)‘s stock had its “outperform” rating reiterated by research analysts at BMO Capital Markets in a note issued to investors on Wednesday, May 15th, The Fly reports. They presently have a $50.00 price target on the stock. BMO Capital Markets’ target price indicates a potential upside of 15.63% from the stock’s previous close.
A number of other research analysts have also recently weighed in on the stock. Barrington Research reissued a “buy” rating and set a $62.00 price objective on shares of Adtalem Global Education in a research note on Friday, May 3rd. Zacks Investment Research cut shares of Adtalem Global Education from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Finally, ValuEngine cut shares of Adtalem Global Education from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $55.60.
Shares of ATGE opened at $43.24 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.75. Adtalem Global Education has a 1-year low of $42.36 and a 1-year high of $58.80. The company has a market cap of $2.45 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.15 and a beta of 0.86.
In related news, insider Patrick J. Unzicker sold 2,953 shares of the firm’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 sale, the insider now owns 36,070 shares in the company, valued at $1,553,534.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.91% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ATGE. Penserra Capital Management LLC acquired a new stake in Adtalem Global Education during the fourth quarter worth approximately $28,000. Fort L.P. acquired a new stake in Adtalem Global Education during the fourth quarter worth approximately $54,000. Marshall Wace North America L.P. acquired a new stake in Adtalem Global Education during the first quarter worth approximately $56,000. Enlightenment Research LLC acquired a new stake in Adtalem Global Education during the fourth quarter worth approximately $76,000. Finally, Bank of Montreal Can boosted its position in Adtalem Global Education by 17.8% during the fourth quarter. Bank of Montreal Can now owns 2,681 shares of the company’s stock worth $126,000 after acquiring an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 96.83% of the company’s stock.
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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