Adtalem Global Education (NYSE:ATGE) Earns Outperform Rating from Barrington Research

Adtalem Global Education (NYSE:ATGE)‘s stock had its “outperform” rating reissued by equities research analysts at Barrington Research in a research note issued on Tuesday,Benzinga reports. They presently have a $120.00 price target on the stock. Barrington Research’s target price would indicate a potential upside of 12.15% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets lifted their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th.

Adtalem Global Education Stock Up 0.6 %

Shares of NYSE ATGE opened at $107.00 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $100.83 and its two-hundred day moving average is $92.56. Adtalem Global Education has a 52-week low of $45.86 and a 52-week high of $112.44. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.05 and a beta of 0.91.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Research analysts predict that Adtalem Global Education will post 6.2 EPS for the current year.

Insider Buying and Selling

In other news, Director Donna J. Hrinak sold 4,812 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the sale, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Betz sold 3,500 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, the insider now owns 16,881 shares of the company’s stock, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,997 shares of company stock worth $1,386,048. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Adtalem Global Education

Several institutional investors have recently added to or reduced their stakes in the business. USA Financial Formulas acquired a new stake in Adtalem Global Education during the fourth quarter worth approximately $26,000. Fifth Third Bancorp grew its position in shares of Adtalem Global Education by 56.8% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company’s stock valued at $29,000 after buying an additional 104 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in Adtalem Global Education during the 1st quarter worth $31,000. R Squared Ltd purchased a new position in shares of Adtalem Global Education during the fourth quarter worth about $70,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Adtalem Global Education by 4,850.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock worth $72,000 after purchasing an additional 776 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.