Adtalem Global Education (ATGE) Earns “Hold” Rating from BMO Capital Markets

Adtalem Global Education (NYSE:ATGE)‘s stock had its “hold” rating reiterated by BMO Capital Markets in a note issued to investors on Wednesday. They presently have a $49.00 price objective on the stock. BMO Capital Markets’ target price would indicate a potential upside of 8.77% from the stock’s current price.

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

Adtalem Global Education (NYSE ATGE) traded down $0.55 during trading hours on Wednesday, reaching $45.05. The company’s stock had a trading volume of 588,500 shares, compared to its average volume of 861,767. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.08. Adtalem Global Education has a 1-year low of $30.15 and a 1-year high of $46.65. The company has a market cap of $2,766.32, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 1.95 and a beta of 0.98.

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

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of Adtalem Global Education in the second quarter valued at approximately $174,000. Tower Research Capital LLC TRC purchased a new stake in shares of Adtalem Global Education during the 2nd quarter worth approximately $223,000. Shelton Capital Management purchased a new stake in shares of Adtalem Global Education during the 2nd quarter worth approximately $224,000. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of Adtalem Global Education during the 2nd quarter worth approximately $243,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Adtalem Global Education during the 2nd quarter worth approximately $307,000.

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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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