Adtalem Global Education (NYSE:ATGE) Stock Rating Reaffirmed by Barrington Research

Adtalem Global Education (NYSE:ATGE)‘s stock had its “outperform” rating restated by equities research analysts at Barrington Research in a research note issued on Tuesday, Benzinga reports. They currently have a $65.00 price target on the stock. Barrington Research’s price target would indicate a potential upside of 39.66% from the company’s current price.

Separately, StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $56.67.

Adtalem Global Education Stock Down 0.6 %

Shares of Adtalem Global Education stock traded down $0.30 during trading hours on Tuesday, hitting $46.54. 44,421 shares of the company’s stock traded hands, compared to its average volume of 519,529. The stock has a 50 day simple moving average of $48.78 and a 200-day simple moving average of $52.66. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.82 billion, a PE ratio of 17.07, a PEG ratio of 0.67 and a beta of 0.92. Adtalem Global Education has a twelve month low of $33.59 and a twelve month high of $62.99.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.23. The company had revenue of $393.24 million during the quarter, compared to the consensus estimate of $372.79 million. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $1.17 earnings per share. Equities research analysts anticipate that Adtalem Global Education will post 4.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adtalem Global Education

A number of hedge funds have recently bought and sold shares of the company. Ronald Blue Trust Inc. lifted its holdings in Adtalem Global Education by 336.1% in the third quarter. Ronald Blue Trust Inc. now owns 737 shares of the company’s stock worth $32,000 after acquiring an additional 568 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Adtalem Global Education in the third quarter worth about $56,000. Blue Trust Inc. lifted its holdings in Adtalem Global Education by 41.4% in the fourth quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock worth $61,000 after acquiring an additional 305 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in Adtalem Global Education by 19.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock worth $75,000 after acquiring an additional 210 shares during the last quarter. Finally, Center for Financial Planning Inc. lifted its holdings in Adtalem Global Education by 50.3% in the fourth quarter. Center for Financial Planning Inc. now owns 1,910 shares of the company’s stock worth $113,000 after acquiring an additional 639 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

About Adtalem Global Education

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.