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.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. Adtalem Global Education had a net margin of 8.83% and a return on equity of 11.38%. The business had revenue of $308.61 million during the quarter, compared to analysts’ expectations of $315.35 million. During the same period last year, the company posted $0.70 EPS. The company’s revenue was down .5% on a year-over-year basis. As a group, sell-side analysts expect that Adtalem Global Education will post 2.83 earnings per share for the current fiscal year.

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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Analyst Recommendations for Adtalem Global Education (NYSE:ATGE)

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