Barrington Research Boosts Adtalem Global Education (NYSE:ATGE) Price Target to $70.00

Adtalem Global Education (NYSE:ATGE) had its price objective upped by Barrington Research from $65.00 to $70.00 in a research report sent to investors on Friday, Benzinga reports. Barrington Research currently has an outperform rating on the stock.

ATGE has been the subject of a number of other reports. StockNews.com cut Adtalem Global Education from a strong-buy rating to a buy rating in a report on Wednesday, February 7th. Robert W. Baird increased their price objective on Adtalem Global Education from $65.00 to $70.00 and gave the stock an outperform rating in a research note on Friday.

Adtalem Global Education Price Performance

Shares of ATGE stock opened at $63.07 on Friday. Adtalem Global Education has a 12 month low of $33.59 and a 12 month high of $63.33. The company has a market capitalization of $2.37 billion, a P/E ratio of 23.59, a P/E/G ratio of 0.82 and a beta of 0.92. The stock has a 50 day moving average of $49.31 and a two-hundred day moving average of $53.01. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.49.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Thursday, May 2nd. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.34. The company had revenue of $412.70 million during the quarter, compared to the consensus estimate of $391.68 million. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $1.13 EPS. As a group, equities analysts expect that Adtalem Global Education will post 4.9 EPS for the current year.

Hedge Funds Weigh In On Adtalem Global Education

Several institutional investors have recently bought and sold shares of ATGE. Fuller & Thaler Asset Management Inc. grew its position in shares of Adtalem Global Education by 26.9% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,212,467 shares of the company’s stock worth $51,954,000 after buying an additional 257,182 shares during the period. Wellington Management Group LLP raised its position in shares of Adtalem Global Education by 396.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,019,094 shares of the company’s stock valued at $43,668,000 after acquiring an additional 813,849 shares during the last quarter. Capital World Investors acquired a new position in shares of Adtalem Global Education in the 4th quarter valued at $57,787,000. Goldman Sachs Group Inc. boosted its position in shares of Adtalem Global Education by 13.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 756,328 shares of the company’s stock worth $44,586,000 after purchasing an additional 90,161 shares during the last quarter. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of Adtalem Global Education during the fourth quarter worth $18,341,000. Institutional investors own 98.84% of the company’s stock.

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.