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

Shares of Adtalem Global Education Inc (NYSE:ATGE) have earned a consensus rating of “Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $55.60.

Several analysts have issued reports on ATGE shares. BMO Capital Markets upgraded shares of Adtalem Global Education from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Monday, May 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. First Analysis raised their price target on shares of Adtalem Global Education to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 29th. Barrington Research raised their price target on shares of Adtalem Global Education from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday, July 9th. Finally, ValuEngine downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Friday, May 4th.

In other news, insider Lisa W. Wardell sold 3,500 shares of the firm’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $55.00, for a total transaction of $192,500.00. Following the completion of the transaction, the insider now directly owns 106,338 shares of the company’s stock, valued at approximately $5,848,590. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher C. Nash sold 5,450 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $46.76, for a total transaction of $254,842.00. Following the transaction, the senior vice president now directly owns 13,787 shares of the company’s stock, valued at $644,680.12. The disclosure for this sale can be found here. Insiders have sold a total of 37,205 shares of company stock valued at $1,812,235 over the last ninety days. 3.04% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Brown Advisory Inc. bought a new position in Adtalem Global Education during the 2nd quarter valued at about $209,000. Xact Kapitalforvaltning AB bought a new position in Adtalem Global Education during the 4th quarter valued at about $239,000. Bayesian Capital Management LP bought a new position in Adtalem Global Education during the 1st quarter valued at about $268,000. Evergreen Capital Management LLC bought a new position in Adtalem Global Education during the 1st quarter valued at about $313,000. Finally, Cambria Investment Management L.P. bought a new position in Adtalem Global Education during the 1st quarter valued at about $318,000. 97.15% of the stock is owned by institutional investors.

NYSE ATGE traded down $0.70 during midday trading on Wednesday, hitting $54.75. The company had a trading volume of 549,800 shares, compared to its average volume of 455,579. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 1.35 and a beta of 1.04. Adtalem Global Education has a fifty-two week low of $30.15 and a fifty-two week high of $56.00.

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.

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Analyst Recommendations for Adtalem Global Education (NYSE:ATGE)

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