Adtalem Global Education Inc. (NYSE:CVSA) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Adtalem Global Education Inc. (NYSE:CVSA) have been assigned an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $151.67.

Several equities research analysts have commented on CVSA shares. Truist Financial cut shares of Adtalem Global Education from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research report on Thursday, September 3rd. Wall Street Zen upgraded Adtalem Global Education from a “hold” rating to a “buy” rating in a research note on Sunday, September 27th. BMO Capital Markets cut their price objective on Adtalem Global Education from $148.00 to $145.00 and set an “outperform” rating for the company in a report on Monday. Barrington Research restated an “outperform” rating and set a $170.00 target price on shares of Adtalem Global Education in a report on Monday, June 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Adtalem Global Education in a research note on Wednesday, August 19th.

Insider Activity

In related news, CFO Robert J. Phelan sold 2,186 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $135.15, for a total transaction of $295,437.90. Following the transaction, the chief financial officer directly owned 48,306 shares of the company’s stock, valued at approximately $6,528,555.90. The trade was a 4.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Manjunath Gangadharan sold 1,802 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $137.18, for a total value of $247,198.36. Following the sale, the chief accounting officer directly owned 5,083 shares of the company’s stock, valued at $697,285.94. This represents a 26.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 22,462 shares of company stock valued at $3,027,792. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Adtalem Global Education stock. Kendall Capital Management acquired a new position in Adtalem Global Education Inc. (NYSE:CVSA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,622 shares of the company’s stock, valued at approximately $1,449,000. 98.84% of the stock is owned by institutional investors.

Adtalem Global Education Stock Down 0.2%

Shares of NYSE:CVSA traded down $0.28 during mid-day trading on Monday, reaching $125.20. 191,188 shares of the stock were exchanged, compared to its average volume of 367,130. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.45. The company has a market cap of $4.26 billion, a P/E ratio of 17.78, a P/E/G ratio of 0.93 and a beta of 0.65. Adtalem Global Education has a one year low of $86.97 and a one year high of $156.26. The stock’s 50 day simple moving average is $128.31 and its 200-day simple moving average is $123.10.

Adtalem Global Education (NYSE:CVSA) last released its earnings results on Thursday, August 6th. The company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.90 by $0.19. Adtalem Global Education had a return on equity of 20.88% and a net margin of 12.87%.The firm had revenue of $501.38 million for the quarter. Adtalem Global Education has set its FY 2027 guidance at 8.900-9.150 EPS. As a group, equities research analysts predict that Adtalem Global Education will post 9 EPS for the current year.

About Adtalem Global Education

Adtalem Global Education is an education services company that provides professional, postsecondary and healthcare-focused education through institutions and brands serving students and working professionals. Its offerings include degree programs, career training, certification preparation and continuing education.

The company’s academic institutions include Chamberlain University, Walden University, American University of the Caribbean School of Medicine, Ross University School of Medicine, Ross University School of Veterinary Medicine and the Medical University of the Americas.