BMO Capital Markets Issues Positive Forecast for Adtalem Global Education (NYSE:ATGE) Stock Price

Adtalem Global Education (NYSE:ATGE) had its price target hoisted by BMO Capital Markets from $84.00 to $90.00 in a research report released on Wednesday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. Barrington Research boosted their price objective on Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday. StockNews.com upgraded shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd.

Adtalem Global Education Trading Up 9.5 %

NYSE ATGE opened at $82.12 on Wednesday. The firm’s fifty day moving average price is $73.91 and its 200 day moving average price is $68.66. Adtalem Global Education has a 12 month low of $43.78 and a 12 month high of $85.26. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 0.84 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.17. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The company had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. During the same quarter last year, the company posted $0.93 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, sell-side analysts expect that Adtalem Global Education will post 5.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 67,330 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the completion of the sale, the director now owns 94,804 shares in the company, valued at $6,779,434.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Lisa W. Wardell sold 67,330 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the transaction, the director now directly owns 94,804 shares in the company, valued at $6,779,434.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Manjunath Gangadharan sold 944 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the completion of the sale, the chief accounting officer now owns 4,720 shares of the company’s stock, valued at approximately $355,888. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 148,440 shares of company stock worth $10,889,450. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Adtalem Global Education

Institutional investors have recently modified their holdings of the business. Clear Creek Financial Management LLC lifted its holdings in Adtalem Global Education by 3.3% in the third quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company’s stock valued at $1,043,000 after acquiring an additional 439 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Adtalem Global Education by 1.2% in the 3rd quarter. New York State Teachers Retirement System now owns 54,154 shares of the company’s stock valued at $4,088,000 after purchasing an additional 641 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Adtalem Global Education by 511.9% in the third 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. Allspring Global Investments Holdings LLC boosted its holdings in Adtalem Global Education by 4.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 101,757 shares of the company’s stock worth $7,681,000 after buying an additional 4,246 shares in the last quarter. Finally, Net Worth Advisory Group acquired a new position in Adtalem Global Education during the third quarter worth about $209,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.