Barrington Research Forecasts Strong Price Appreciation for Adtalem Global Education (NYSE:ATGE) Stock

Adtalem Global Education (NYSE:ATGE - Free Report) had its price objective lifted by Barrington Research from $95.00 to $115.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research firms also recently commented on ATGE. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. BMO Capital Markets boosted their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th.

Adtalem Global Education Trading Up 1.0 %

NYSE ATGE traded up $0.93 during trading hours on Friday, hitting $98.27. 225,066 shares of the company's stock were exchanged, compared to its average volume of 390,333. Adtalem Global Education has a 1-year low of $43.78 and a 1-year high of $99.17. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The stock has a 50-day simple moving average of $90.97 and a 200 day simple moving average of $80.37. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.04 and a beta of 0.96.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.17. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The business had revenue of $417.40 million during the quarter, compared to analysts' expectations of $397.48 million. During the same period last year, the company posted $0.93 earnings per share. The business's quarterly revenue was up 13.2% on a year-over-year basis. On average, equities analysts forecast that Adtalem Global Education will post 5.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director William W. Burke sold 4,000 shares of the business's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the sale, the director now owns 11,659 shares of the company's stock, valued at $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company's stock.

Institutional Trading of Adtalem Global Education

Institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its stake in Adtalem Global Education by 81,701.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company's stock worth $90,725,000 after purchasing an additional 1,328,462 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of 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 worth $5,950,000 after buying an additional 65,945 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Adtalem Global Education by 34.3% in the second quarter. Renaissance Technologies LLC now owns 186,800 shares of the company's stock worth $12,742,000 after buying an additional 47,700 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Adtalem Global Education during the third quarter valued at $2,314,000. Finally, Sei Investments Co. grew its position in Adtalem Global Education by 37.5% during the second quarter. Sei Investments Co. now owns 111,265 shares of the company's stock worth $7,589,000 after buying an additional 30,336 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

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.