Barrington Research Increases Adtalem Global Education (NYSE:ATGE) Price Target to $115.00

Adtalem Global Education (NYSE:ATGE) had its price target lifted by equities researchers at Barrington Research from $95.00 to $115.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s target price indicates a potential upside of 17.02% from the company’s previous close.

A number of other research analysts have also recently weighed in on ATGE. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets boosted their target price on Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th.

Adtalem Global Education Stock Performance

Shares of ATGE stock opened at $98.27 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. Adtalem Global Education has a one year low of $43.78 and a one year high of $99.17. The business’s 50 day simple moving average is $90.97 and its 200 day simple moving average is $80.37. The stock has a market capitalization of $3.68 billion, a PE ratio of 22.49, a PEG ratio of 1.04 and a beta of 0.96.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.17. The firm had revenue of $417.40 million during the quarter, compared to the consensus estimate of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 earnings per share. As a group, research analysts forecast that Adtalem Global Education will post 5.89 earnings per share for the current year.

Insider Transactions at Adtalem Global Education

In related news, Director William W. Burke sold 4,000 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the transaction, the director now directly owns 11,659 shares in the company, valued at $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Adtalem Global Education

A number of hedge funds have recently made changes to their positions in ATGE. Pacer Advisors Inc. lifted its stake in shares of Adtalem Global Education by 81,701.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock valued at $90,725,000 after acquiring an additional 1,328,462 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Adtalem Global Education by 511.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock valued at $5,950,000 after purchasing an additional 65,945 shares during the period. Renaissance Technologies LLC lifted its holdings in Adtalem Global Education by 34.3% in the 2nd quarter. Renaissance Technologies LLC now owns 186,800 shares of the company’s stock worth $12,742,000 after buying an additional 47,700 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Adtalem Global Education in the 3rd quarter worth approximately $2,314,000. Finally, Sei Investments Co. increased its stake in shares of Adtalem Global Education by 37.5% during the second quarter. Sei Investments Co. now owns 111,265 shares of the company’s stock valued at $7,589,000 after buying an additional 30,336 shares during the period. 98.84% of the stock is currently owned by institutional investors.

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.