Adtalem Global Education's (ATGE) "Outperform" Rating Reaffirmed at Barrington Research

Adtalem Global Education (NYSE:ATGE - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Barrington Research in a report released on Tuesday,Benzinga reports. They presently have a $120.00 target price on the stock. Barrington Research's target price would indicate a potential upside of 13.17% from the stock's previous close.

Several other equities research analysts have also commented on ATGE. StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. BMO Capital Markets boosted their price target on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, February 3rd.

Adtalem Global Education Stock Performance

Shares of NYSE ATGE traded down $0.66 during midday trading on Tuesday, reaching $106.04. The company had a trading volume of 434,523 shares, compared to its average volume of 436,655. Adtalem Global Education has a 1 year low of $46.18 and a 1 year high of $112.44. The business's 50-day simple moving average is $100.78 and its 200 day simple moving average is $93.11. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The stock has a market cap of $3.95 billion, a P/E ratio of 19.75, a P/E/G ratio of 1.05 and a beta of 0.91.

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

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the business'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 $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have 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

Large investors have recently modified their holdings of the business. Quantinno Capital Management LP grew its stake in Adtalem Global Education by 4.3% during the 3rd quarter. Quantinno Capital Management LP now owns 3,059 shares of the company's stock valued at $231,000 after acquiring an additional 126 shares in the last quarter. MML Investors Services LLC acquired a new stake in shares of Adtalem Global Education in the third quarter valued at approximately $323,000. Barclays PLC lifted its position in Adtalem Global Education by 12.1% during the third quarter. Barclays PLC now owns 66,669 shares of the company's stock worth $5,031,000 after buying an additional 7,172 shares in the last quarter. Invst LLC acquired a new position in Adtalem Global Education during the third quarter worth $205,000. Finally, Sanctuary Advisors LLC increased its stake in shares of Adtalem Global Education by 119.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,587 shares of the company's stock worth $1,629,000 after acquiring an additional 11,759 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

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.