Adtalem Global Education Inc (ATGE) Given Consensus Rating of “Buy” by Brokerages

Shares of Adtalem Global Education Inc (NYSE:ATGE) have been assigned a consensus rating of “Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $50.33.

ATGE has been the topic of several recent research reports. BidaskClub raised shares of Adtalem Global Education from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. BMO Capital Markets boosted their price target on shares of Adtalem Global Education from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Piper Jaffray Companies restated a “buy” rating and issued a $59.00 price objective on shares of Adtalem Global Education in a report on Monday, December 4th. Finally, Robert W. Baird restated a “hold” rating on shares of Adtalem Global Education in a report on Thursday, December 7th.

Adtalem Global Education (NYSE ATGE) opened at $46.00 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.11. The firm has a market cap of $2,733.56, a PE ratio of 287.50, a PEG ratio of 1.87 and a beta of 1.01. Adtalem Global Education has a 1 year low of $30.15 and a 1 year high of $47.15.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.01. The firm had revenue of $337.24 million for the quarter, compared to analysts’ expectations of $435.56 million. Adtalem Global Education had a net margin of 0.86% and a return on equity of 9.92%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS. analysts expect that Adtalem Global Education will post 2.78 earnings per share for the current year.

In related news, SVP Donna Jennings sold 4,582 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $45.00, for a total value of $206,190.00. Following the sale, the senior vice president now directly owns 16,794 shares in the company, valued at approximately $755,730. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ronald L. Taylor sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $45.33, for a total transaction of $4,533,000.00. Following the completion of the sale, the insider now owns 643,620 shares in the company, valued at $29,175,294.60. The disclosure for this sale can be found here. 3.04% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Suntrust Banks Inc. purchased a new stake in Adtalem Global Education in the 4th quarter valued at about $207,000. Shelton Capital Management purchased a new stake in Adtalem Global Education during the second quarter worth about $224,000. Virtu KCG Holdings LLC purchased a new stake in Adtalem Global Education during the second quarter worth about $333,000. Crossmark Global Holdings Inc. purchased a new stake in Adtalem Global Education during the third quarter worth about $347,000. Finally, Fox Run Management L.L.C. purchased a new stake in Adtalem Global Education during the third quarter worth about $369,000.

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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.

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