Adtalem Global Education (NYSE:ATGE) PT Set at $150.00 by Barrington Research

Adtalem Global Education (NYSE:ATGE) received a $150.00 price objective from stock analysts at Barrington Research in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s target price would suggest a potential upside of 16.14% from the stock’s current price.

ATGE has been the topic of a number of other research reports. BMO Capital Markets upped their price objective on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, May 12th. Jefferies Financial Group started coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They issued a “buy” rating and a $135.00 price objective on the stock.

Adtalem Global Education Price Performance

Shares of ATGE opened at $129.16 on Friday. The stock has a market cap of $4.64 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 1.10 and a beta of 0.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 0.82. Adtalem Global Education has a fifty-two week low of $68.60 and a fifty-two week high of $140.12. The firm’s 50-day simple moving average is $120.50 and its two-hundred day simple moving average is $112.61.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.15. The business had revenue of $457.11 million for the quarter, compared to analysts’ expectations of $440.93 million. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The business’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 earnings per share. Analysts anticipate that Adtalem Global Education will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education announced that its board has approved a share buyback plan on Tuesday, May 6th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Adtalem Global Education

In other news, Director William W. Burke sold 2,291 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $128.35, for a total transaction of $294,049.85. Following the sale, the director owned 9,368 shares in the company, valued at $1,202,382.80. This represents a 19.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Adtalem Global Education

A number of institutional investors have recently made changes to their positions in ATGE. Lord Abbett & CO. LLC purchased a new stake in Adtalem Global Education in the first quarter worth approximately $40,829,000. Goldman Sachs Group Inc. boosted its holdings in Adtalem Global Education by 124.3% in the first quarter. Goldman Sachs Group Inc. now owns 699,027 shares of the company’s stock worth $70,350,000 after purchasing an additional 387,330 shares during the last quarter. Fisher Asset Management LLC bought a new position in Adtalem Global Education in the second quarter worth approximately $42,699,000. Franklin Resources Inc. raised its position in Adtalem Global Education by 1,755.8% in the second quarter. Franklin Resources Inc. now owns 237,003 shares of the company’s stock worth $30,154,000 after acquiring an additional 224,232 shares during the period. Finally, GAMMA Investing LLC raised its position in Adtalem Global Education by 11,723.8% in the first quarter. GAMMA Investing LLC now owns 173,101 shares of the company’s stock worth $17,421,000 after acquiring an additional 171,637 shares during the period. 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.