Adtalem Global Education’s (ATGE) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Adtalem Global Education (NYSE:ATGE) in a report issued on Tuesday morning, Benzinga reports. Barrington Research currently has a $65.00 price objective on the stock.

Separately, StockNews.com downgraded shares of Adtalem Global Education from a strong-buy rating to a buy rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of Buy and a consensus price target of $56.67.

Adtalem Global Education Stock Performance

Shares of ATGE opened at $47.03 on Tuesday. The company has a 50-day simple moving average of $48.73 and a 200-day simple moving average of $52.69. 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 capitalization of $1.84 billion, a PE ratio of 17.23, a P/E/G ratio of 0.67 and a beta of 0.92. Adtalem Global Education has a 52-week low of $33.59 and a 52-week high of $62.99.

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

Hedge Funds Weigh In On Adtalem Global Education

Several hedge funds have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. boosted its stake 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 purchasing an additional 257,182 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Adtalem Global Education by 396.5% in the third quarter. Wellington Management Group LLP now owns 1,019,094 shares of the company’s stock worth $43,668,000 after acquiring an additional 813,849 shares during the last quarter. Capital World Investors acquired a new stake in shares of Adtalem Global Education in the fourth quarter worth approximately $57,787,000. Goldman Sachs Group Inc. boosted its position in shares of Adtalem Global Education by 13.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 756,328 shares of the company’s stock worth $44,586,000 after acquiring an additional 90,161 shares during the last quarter. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of Adtalem Global Education in the fourth quarter worth approximately $18,341,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Company Profile

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.