Adtalem Global Education (NYSE:ATGE) Now Covered by Analysts at Jefferies Financial Group

Stock analysts at Jefferies Financial Group initiated coverage on shares of Adtalem Global Education (NYSE:ATGE - Get Free Report) in a research note issued to investors on Wednesday,Benzinga reports. The firm set a "buy" rating and a $135.00 price target on the stock. Jefferies Financial Group's target price would suggest a potential upside of 32.00% from the stock's previous close.

Other equities research analysts have also issued research reports about the company. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. BMO Capital Markets upped their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Finally, Barrington Research reissued an "outperform" rating and set a $120.00 price objective on shares of Adtalem Global Education in a report on Tuesday, April 15th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Adtalem Global Education presently has an average rating of "Buy" and a consensus price target of $110.00.

Adtalem Global Education Stock Up 5.1 %

ATGE opened at $102.27 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. Adtalem Global Education has a 1 year low of $46.46 and a 1 year high of $112.44. The firm has a 50 day moving average price of $100.62 and a 200 day moving average price of $93.49. The company has a market cap of $3.81 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. Sell-side analysts expect that Adtalem Global Education will post 6.2 earnings per share for the current year.

Insider Activity

In related news, insider Michael Betz sold 3,500 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the sale, the insider now owns 16,881 shares of the company's stock, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donna J. Hrinak sold 4,812 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the transaction, the director now owns 8,032 shares of the company's stock, valued at $829,384.32. This represents a 37.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,997 shares of company stock valued at $1,386,048. Company insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Adtalem Global Education

Hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its holdings in shares of Adtalem Global Education by 56.8% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after acquiring an additional 104 shares during the period. Arizona State Retirement System increased its stake in shares of Adtalem Global Education by 1.0% in the fourth quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock valued at $994,000 after purchasing an additional 110 shares during the period. US Bancorp DE raised its holdings in shares of Adtalem Global Education by 4.8% during the fourth quarter. US Bancorp DE now owns 3,285 shares of the company's stock valued at $298,000 after buying an additional 151 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Adtalem Global Education by 5.4% during the fourth quarter. Quantinno Capital Management LP now owns 3,224 shares of the company's stock valued at $293,000 after buying an additional 165 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Adtalem Global Education by 13.8% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock worth $133,000 after buying an additional 177 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Adtalem Global Education Company Profile

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.

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