Adtalem Global Education (NYSE:ATGE) Price Target Raised to $115.00

Adtalem Global Education (NYSE:ATGE) had its price objective raised by equities researchers at BMO Capital Markets from $108.00 to $115.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 7.62% from the company’s current price.

Several other equities research analysts have also recently commented on ATGE. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Barrington Research raised their price target on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday.

Adtalem Global Education Stock Performance

Shares of ATGE stock opened at $106.85 on Monday. The company has a market capitalization of $3.98 billion, a P/E ratio of 19.90, a P/E/G ratio of 1.15 and a beta of 0.97. The business’s 50 day moving average is $93.34 and its two-hundred day moving average is $82.51. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education has a 12-month low of $45.16 and a 12-month high of $112.44.

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

Insiders Place Their Bets

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 value of $361,560.00. Following the transaction, the director now owns 11,659 shares in the company, valued at $1,053,857.01. The trade was a 25.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Adtalem Global Education

Institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC lifted its stake in Adtalem Global Education by 11.7% in the 4th quarter. Sanctuary Advisors LLC now owns 24,116 shares of the company’s stock valued at $2,191,000 after buying an additional 2,529 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Adtalem Global Education by 3.7% during the 4th quarter. Principal Financial Group Inc. now owns 200,624 shares of the company’s stock worth $18,227,000 after buying an additional 7,069 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Adtalem Global Education by 5.2% during the 4th quarter. New York State Teachers Retirement System now owns 56,986 shares of the company’s stock worth $5,177,000 after buying an additional 2,832 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Adtalem Global Education during the 4th quarter worth $218,000. Finally, Gladstone Institutional Advisory LLC acquired a new stake in Adtalem Global Education in the 4th quarter valued at $516,000. Hedge funds and other institutional investors 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.