Adtalem Global Education (NYSE:ATGE) Given New $115.00 Price Target at BMO Capital Markets

Adtalem Global Education (NYSE:ATGE) had its price objective raised by BMO Capital Markets from $108.00 to $115.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other research firms also recently issued reports on ATGE. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Barrington Research raised their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday.

Adtalem Global Education Stock Down 2.3 %

Adtalem Global Education stock opened at $104.71 on Monday. The firm has a 50 day moving average price of $93.60 and a two-hundred day moving average price of $82.69. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. Adtalem Global Education has a 52-week low of $45.16 and a 52-week high of $112.43. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.15 and a beta of 0.97.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping 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%. Equities analysts predict that Adtalem Global Education will post 6.2 EPS for the current year.

Insider Activity

In related news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the sale, the director now owns 11,659 shares of the company’s stock, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Trading of Adtalem Global Education

A number of large investors have recently bought and sold shares of the company. Quantinno Capital Management LP grew its holdings in Adtalem Global Education by 4.3% during the 3rd quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock valued at $231,000 after buying an additional 126 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock valued at $133,000 after acquiring an additional 177 shares during the period. Glenmede Trust Co. NA grew its stake in Adtalem Global Education by 1.5% during the third quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock valued at $994,000 after acquiring an additional 192 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Adtalem Global Education by 2.4% during the 4th quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company’s stock worth $763,000 after acquiring an additional 200 shares during the period. Finally, USA Financial Formulas purchased a new stake in Adtalem Global Education in the 4th quarter worth approximately $26,000. 98.84% of the stock is owned by hedge funds and other 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.