Adtalem Global Education (ATGE) Price Target Increased to $47.00 by Analysts at Robert W. Baird

Adtalem Global Education (NYSE:ATGE) had its price objective boosted by Robert W. Baird from $46.00 to $47.00 in a research report report published on Wednesday, February 7th. Robert W. Baird currently has a neutral rating on the stock.

Several other brokerages have also issued reports on ATGE. Zacks Investment Research lowered shares of Adtalem Global Education from a hold rating to a sell rating in a report 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. BMO Capital Markets upped their target price on shares of Adtalem Global Education from $35.00 to $38.00 and gave the stock a market perform rating in a research note on Friday, November 3rd. Finally, Piper Jaffray Companies restated a buy rating and set a $59.00 price objective on shares of Adtalem Global Education in a research note on Monday, December 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Adtalem Global Education currently has an average rating of Buy and an average target price of $50.33.

Adtalem Global Education (NYSE ATGE) traded up $0.25 during midday trading on Wednesday, reaching $47.35. The company’s stock had a trading volume of 121,572 shares, compared to its average volume of 677,970. The firm has a market capitalization of $2,793.84, a P/E ratio of 294.38, a price-to-earnings-growth ratio of 1.91 and a beta of 1.01. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. Adtalem Global Education has a 12 month low of $30.15 and a 12 month high of $47.45.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.01. Adtalem Global Education had a net margin of 0.86% and a return on equity of 9.92%. The firm had revenue of $337.24 million during the quarter, compared to analysts’ expectations of $435.56 million. During the same quarter in the previous year, the company posted $0.64 EPS. Adtalem Global Education’s revenue was up 1.0% on a year-over-year basis. equities analysts expect that Adtalem Global Education will post 2.77 EPS for the current year.

In related news, insider Ronald L. Taylor sold 100,000 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 643,620 shares in the company, valued at approximately $29,175,294.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donna Jennings sold 4,582 shares of the firm’s 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 completion of the sale, the senior vice president now owns 16,794 shares in the company, valued at approximately $755,730. The disclosure for this sale can be found here. 3.04% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Suntrust Banks Inc. bought a new position in Adtalem Global Education during the fourth quarter worth $207,000. BlueCrest Capital Management Ltd bought a new stake in Adtalem Global Education in the fourth quarter valued at $209,000. Tower Research Capital LLC TRC bought a new stake in Adtalem Global Education in the second quarter valued at $223,000. Shelton Capital Management bought a new stake in Adtalem Global Education in the second quarter valued at $224,000. Finally, Hanseatic Management Services Inc. increased its stake in Adtalem Global Education by 18.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 7,521 shares of the company’s stock valued at $316,000 after purchasing an additional 1,146 shares in the last quarter.

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About Adtalem Global Education

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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