BMO Capital Markets Increases Adtalem Global Education Inc (ATGE) Price Target to $38.00
Adtalem Global Education Inc (NASDAQ:ATGE) had its price objective hoisted by equities researchers at BMO Capital Markets from $35.00 to $38.00 in a report issued on Friday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 6.59% from the stock’s current price.
Several other research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. BidaskClub upgraded shares of Adtalem Global Education from a “hold” rating to a “buy” rating in a research note on Thursday.
Shares of Adtalem Global Education (NASDAQ ATGE) traded down $0.50 during mid-day trading on Friday, hitting $35.65. The stock had a trading volume of 988,140 shares, compared to its average volume of 410,198. Adtalem Global Education has a fifty-two week low of $22.70 and a fifty-two week high of $40.70.
Adtalem Global Education (NASDAQ:ATGE) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.16). Adtalem Global Education had a net margin of 9.76% and a return on equity of 10.35%. The business had revenue of $421.03 million during the quarter, compared to analyst estimates of $428.00 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The firm’s quarterly revenue was down 6.4% on a year-over-year basis.
In related news, insider Susan Groenwald sold 5,887 shares of Adtalem Global Education stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $33.80, for a total transaction of $198,980.60. Following the completion of the sale, the insider now owns 30,582 shares of the company’s stock, valued at approximately $1,033,671.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric P. Dirst sold 3,114 shares of Adtalem Global Education stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $34.06, for a total transaction of $106,062.84. Following the sale, the insider now directly owns 14,800 shares of the company’s stock, valued at approximately $504,088. The disclosure for this sale can be found here. Insiders have sold a total of 11,328 shares of company stock valued at $384,138 in the last ninety days.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. bought a new stake in Adtalem Global Education in the 3rd quarter valued at about $489,000. Principal Financial Group Inc. boosted its holdings in Adtalem Global Education by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 265,695 shares of the company’s stock valued at $9,525,000 after purchasing an additional 21,334 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Adtalem Global Education by 12.0% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 23,110 shares of the company’s stock valued at $828,000 after purchasing an additional 2,470 shares during the period. American Century Companies Inc. boosted its holdings in Adtalem Global Education by 14.8% in the 3rd quarter. American Century Companies Inc. now owns 258,308 shares of the company’s stock valued at $9,260,000 after purchasing an additional 33,305 shares during the period. Finally, Foundry Partners LLC raised its position in shares of Adtalem Global Education by 7.5% in the 3rd quarter. Foundry Partners LLC now owns 292,707 shares of the company’s stock valued at $10,494,000 after buying an additional 20,527 shares in the last quarter.
Adtalem Global Education Company Profile
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
Receive News & Ratings for Adtalem Global Education Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adtalem Global Education Inc and related companies with MarketBeat.com's FREE daily email newsletter.