DeVry Education Group’s (ATGE) Buy Rating Reiterated at Piper Jaffray Companies

DeVry Education Group (NYSE:ATGE)‘s stock had its “buy” rating restated by equities researchers at Piper Jaffray Companies in a report issued on Monday. They currently have a $59.00 price objective on the stock. Piper Jaffray Companies’ target price suggests a potential upside of 46.77% from the company’s previous close.

A number of other equities analysts also recently weighed in on the company. BMO Capital Markets boosted their price target on DeVry Education Group from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, November 3rd. BidaskClub raised DeVry Education Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research downgraded DeVry Education Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, ValuEngine downgraded DeVry Education Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $44.67.

Shares of DeVry Education Group (NYSE:ATGE) opened at $40.20 on Monday. The stock has a market capitalization of $2,438.73, a PE ratio of 15.28, a P/E/G ratio of 1.72 and a beta of 0.99. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.08. DeVry Education Group has a twelve month low of $29.35 and a twelve month high of $41.70.

DeVry Education Group (NYSE:ATGE) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.16). The business had revenue of $421.03 million for the quarter, compared to analyst estimates of $428.00 million. DeVry Education Group had a return on equity of 10.24% and a net margin of 6.17%. DeVry Education Group’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. analysts expect that DeVry Education Group will post 2.84 EPS for the current fiscal year.

In other news, insider Carlos Filgueiras sold 2,325 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was 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 $436,837.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.04% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC bought a new stake in shares of DeVry Education Group in the second quarter valued at approximately $174,000. GHP Investment Advisors Inc. bought a new stake in shares of DeVry Education Group in the second quarter valued at approximately $202,000. Tower Research Capital LLC TRC bought a new stake in shares of DeVry Education Group in the second quarter valued at approximately $223,000. Shelton Capital Management bought a new stake in shares of DeVry Education Group in the second quarter valued at approximately $224,000. Finally, Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of DeVry Education Group in the second quarter valued at approximately $243,000.

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About DeVry Education Group

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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