Adtalem Global Education (NYSE:ATGE) Price Target Raised to $170.00

Adtalem Global Education (NYSE:ATGE) had its target price raised by Barrington Research from $150.00 to $170.00 in a research report released on Wednesday morning, MarketBeat.com reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Adtalem Global Education in a report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $145.67.

Adtalem Global Education Price Performance

Shares of ATGE opened at $151.31 on Wednesday. The firm has a market capitalization of $5.50 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82. Adtalem Global Education has a 1-year low of $71.09 and a 1-year high of $155.39. The company’s fifty day moving average price is $139.06 and its 200-day moving average price is $125.24.

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, beating analysts’ consensus estimates of $1.51 by $0.15. The firm had revenue of $457.11 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.37 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. On average, equities research analysts predict that Adtalem Global Education will post 6.2 EPS for the current year.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director Lisa W. Wardell sold 25,477 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $132.38, for a total value of $3,372,645.26. Following the completion of the transaction, the director owned 43,451 shares in the company, valued at approximately $5,752,043.38. This represents a 36.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Manjunath Gangadharan sold 944 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $135.67, for a total transaction of $128,072.48. Following the completion of the transaction, the chief accounting officer owned 4,901 shares of the company’s stock, valued at approximately $664,918.67. This trade represents a 16.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,713 shares of company stock valued at $7,702,094. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its position in shares of 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 acquiring an additional 387,330 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Adtalem Global Education by 2.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 660,433 shares of the company’s stock worth $84,027,000 after purchasing an additional 16,663 shares during the last quarter. Northern Trust Corp raised its position in shares of Adtalem Global Education by 8.0% during the 1st quarter. Northern Trust Corp now owns 511,966 shares of the company’s stock worth $51,524,000 after purchasing an additional 37,742 shares during the last quarter. Invesco Ltd. raised its position in shares of Adtalem Global Education by 8.4% during the 2nd quarter. Invesco Ltd. now owns 479,981 shares of the company’s stock worth $61,068,000 after purchasing an additional 37,036 shares during the last quarter. Finally, Boston Partners raised its position in shares of Adtalem Global Education by 11.3% during the 1st quarter. Boston Partners now owns 435,060 shares of the company’s stock worth $43,876,000 after purchasing an additional 44,110 shares during the last quarter. Institutional investors and hedge funds 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.