First Analysis Boosts Adtalem Global Education (ATGE) Price Target to $56.00

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Adtalem Global Education (NYSE:ATGE) had its price objective increased by First Analysis to $56.00 in a research note issued to investors on Tuesday, May 29th. The firm currently has an overweight rating on the stock. First Analysis also issued estimates for Adtalem Global Education’s Q4 2018 earnings at $0.87 EPS, FY2018 earnings at $2.74 EPS, Q1 2019 earnings at $0.70 EPS and FY2019 earnings at $2.99 EPS.

A number of other brokerages have also commented on ATGE. Robert W. Baird upped their target price on Adtalem Global Education from $46.00 to $47.00 and gave the company a neutral rating in a research note on Wednesday, February 7th. BMO Capital Markets cut their target price on Adtalem Global Education from $49.00 to $45.00 and set a market perform rating for the company in a research note on Wednesday, February 7th. Zacks Investment Research lowered Adtalem Global Education from a hold rating to a sell rating in a research note on Tuesday, May 8th. ValuEngine upgraded Adtalem Global Education from a buy rating to a strong-buy rating in a research note on Thursday, March 1st. Finally, Barrington Research reiterated an outperform rating and set a $57.00 price objective on shares of Adtalem Global Education in a research note on Friday, May 4th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Adtalem Global Education has an average rating of Buy and an average price target of $52.80.

Shares of NYSE ATGE traded down $0.20 during trading hours on Tuesday, reaching $49.00. The stock had a trading volume of 331,800 shares, compared to its average volume of 484,586. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.93 and a beta of 0.91. Adtalem Global Education has a twelve month low of $30.15 and a twelve month high of $50.15.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, May 3rd. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $342.19 million during the quarter, compared to analyst estimates of $342.79 million. Adtalem Global Education had a return on equity of 10.06% and a net margin of 0.89%. Adtalem Global Education’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. research analysts anticipate that Adtalem Global Education will post 2.76 earnings per share for the current fiscal year.

In other news, insider Ronald L. Taylor sold 18,880 shares of the stock in a transaction on Monday, May 21st. The stock was sold at an average price of $46.77, for a total transaction of $883,017.60. Following the sale, the insider now owns 544,495 shares in the company, valued at $25,466,031.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donna Jennings sold 3,918 shares of the stock in a transaction on Monday, April 16th. The stock was sold at an average price of $50.00, for a total value of $195,900.00. Following the sale, the insider now owns 12,815 shares in the company, valued at approximately $640,750. The disclosure for this sale can be found here. Insiders have sold 28,248 shares of company stock worth $1,333,760 in the last 90 days. Company insiders own 3.04% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Suntrust Banks Inc. bought a new stake in shares of Adtalem Global Education during the fourth quarter worth $207,000. BlueCrest Capital Management Ltd bought a new position in Adtalem Global Education in the fourth quarter valued at about $209,000. Bayesian Capital Management LP bought a new position in Adtalem Global Education in the first quarter valued at about $268,000. Xact Kapitalforvaltning AB bought a new position in Adtalem Global Education in the fourth quarter valued at about $239,000. Finally, Evergreen Capital Management LLC bought a new position in Adtalem Global Education in the first quarter valued at about $313,000. Institutional investors own 97.85% of the company’s stock.

Adtalem Global Education Company Profile

Adtalem Global Education Inc provides educational services worldwide. It operates through four segments: Medical and Healthcare, Professional Education, Technology and Business, and U.S. Traditional Postsecondary. The Medical and Healthcare segment operates Chamberlain University, which provides pre and post-licensure bachelor's, master's, and doctorate degree programs in nursing through campus and online; American University of the Caribbean School of Medicine and Ross University School of Medicine, which provide medical education; and Ross University School of Veterinary Medicine that offers veterinary education.

Analyst Recommendations for Adtalem Global Education (NYSE:ATGE)

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