Adtalem Global Education (ATGE) Rating Reiterated by BMO Capital Markets

Adtalem Global Education (NYSE:ATGE)‘s stock had its “hold” rating reissued by analysts at BMO Capital Markets in a note issued to investors on Wednesday. They currently have a $49.00 price objective on the stock. BMO Capital Markets’ price objective suggests a potential upside of 7.46% from the stock’s current price.

Several other analysts also recently issued reports on ATGE. Zacks Investment Research downgraded shares of Adtalem Global Education from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. BidaskClub raised shares of Adtalem Global Education from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $59.00 price target on shares of Adtalem Global Education in a research note on Monday, December 4th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Adtalem Global Education in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $54.00.

Shares of Adtalem Global Education (NYSE:ATGE) traded down $0.75 during midday trading on Wednesday, reaching $45.60. 675,145 shares of the company’s stock traded hands, compared to its average volume of 886,613. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2,808.79, a P/E ratio of 26.51, a P/E/G ratio of 1.98 and a beta of 0.98. Adtalem Global Education has a twelve month low of $30.15 and a twelve month high of $46.65.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.18). The firm had revenue of $421.03 million during the quarter, compared to the consensus estimate of $428.00 million. Adtalem Global Education had a return on equity of 10.24% and a net margin of 6.17%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 EPS. research analysts predict that Adtalem Global Education will post 2.84 earnings per share for the current fiscal year.

In related news, SVP Donna Jennings sold 4,582 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $45.00, for a total transaction of $206,190.00. Following the transaction, the senior vice president now directly owns 16,794 shares of the company’s stock, valued at $755,730. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Carlos Filgueiras sold 2,325 shares of Adtalem Global Education stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $36.92, for a total transaction of $85,839.00. Following the transaction, the insider now directly owns 11,832 shares in the company, valued at $436,837.44. The disclosure for this sale can be found here. Insiders own 3.04% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its holdings in Adtalem Global Education by 3.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 348,860 shares of the company’s stock valued at $14,670,000 after buying an additional 11,661 shares during the period. Wells Fargo & Company MN grew its holdings in Adtalem Global Education by 11.8% in the third quarter. Wells Fargo & Company MN now owns 2,347,206 shares of the company’s stock worth $84,147,000 after purchasing an additional 248,335 shares during the last quarter. Schroder Investment Management Group grew its holdings in Adtalem Global Education by 12.0% in the third quarter. Schroder Investment Management Group now owns 323,289 shares of the company’s stock worth $11,428,000 after purchasing an additional 34,696 shares during the last quarter. Legal & General Group Plc grew its holdings in Adtalem Global Education by 12.0% in the third quarter. Legal & General Group Plc now owns 89,525 shares of the company’s stock worth $3,202,000 after purchasing an additional 9,586 shares during the last quarter. Finally, American International Group Inc. grew its holdings in Adtalem Global Education by 7.6% in the third quarter. American International Group Inc. now owns 198,696 shares of the company’s stock worth $7,123,000 after purchasing an additional 14,054 shares during the last quarter.

TRADEMARK VIOLATION NOTICE: “Adtalem Global Education (ATGE) Rating Reiterated by BMO Capital Markets” was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2018/01/17/adtalem-global-education-atge-rating-reiterated-by-bmo-capital-markets.html.

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adtalem Global Education and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply