Adtalem Global Education (NYSE:ATGE) Price Target Raised to $90.00 at BMO Capital Markets

Adtalem Global Education (NYSE:ATGE) had its target price upped by BMO Capital Markets from $84.00 to $90.00 in a research note released on Wednesday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other analysts have also issued reports on the stock. Barrington Research boosted their price objective on shares of Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com upgraded shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 23rd.

Adtalem Global Education Price Performance

NYSE:ATGE opened at $82.12 on Wednesday. Adtalem Global Education has a one year low of $43.78 and a one year high of $85.26. The stock has a market cap of $3.09 billion, a PE ratio of 30.87, a P/E/G ratio of 0.84 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a 50 day moving average price of $73.91 and a 200 day moving average price of $68.66.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.17. The company had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. Adtalem Global Education’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 EPS. Equities research analysts expect that Adtalem Global Education will post 5.72 EPS for the current fiscal year.

Insider Buying and Selling

In other Adtalem Global Education news, Director Lisa W. Wardell sold 28,301 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $75.74, for a total transaction of $2,143,517.74. Following the sale, the director now directly owns 105,085 shares in the company, valued at $7,959,137.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Lisa W. Wardell sold 67,330 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the completion of the transaction, the director now directly owns 94,804 shares of the company’s stock, valued at $6,779,434.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lisa W. Wardell sold 28,301 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $75.74, for a total value of $2,143,517.74. Following the sale, the director now owns 105,085 shares in the company, valued at approximately $7,959,137.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,440 shares of company stock valued at $10,889,450. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Adtalem Global Education

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its stake in Adtalem Global Education by 81,701.2% in the second quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock worth $90,725,000 after acquiring an additional 1,328,462 shares during the last quarter. LSV Asset Management lifted its position in shares of Adtalem Global Education by 2,360.6% during the 2nd quarter. LSV Asset Management now owns 644,666 shares of the company’s stock worth $43,973,000 after purchasing an additional 618,466 shares during the last quarter. Ariel Investments LLC grew its stake in shares of Adtalem Global Education by 11.1% during the first quarter. Ariel Investments LLC now owns 3,079,317 shares of the company’s stock worth $158,277,000 after purchasing an additional 306,699 shares in the last quarter. Vanguard Group Inc. increased its holdings in Adtalem Global Education by 2.3% in the first quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock valued at $227,299,000 after buying an additional 100,705 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Adtalem Global Education by 511.9% in the third quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock valued at $5,950,000 after buying an additional 65,945 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

About Adtalem Global Education

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.