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

Adtalem Global Education (NYSE:ATGE - Free Report) had its price target hoisted by BMO Capital Markets from $84.00 to $90.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

ATGE has been the subject of several other reports. Barrington Research upped their target price on 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 research report on Wednesday, October 23rd.

Adtalem Global Education Price Performance

Shares of Adtalem Global Education stock traded up $7.08 on Wednesday, reaching $82.07. The company's stock had a trading volume of 969,013 shares, compared to its average volume of 468,123. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $3.09 billion, a P/E ratio of 31.42, a PEG ratio of 0.84 and a beta of 0.95. The stock has a 50-day moving average price of $73.74 and a 200-day moving average price of $68.57. Adtalem Global Education has a 52-week low of $43.78 and a 52-week high of $85.26.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.12 by $0.17. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The firm had revenue of $417.40 million during the quarter, compared to analysts' expectations of $397.48 million. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. Analysts expect that Adtalem Global Education will post 5.72 EPS for the current year.

Insider Transactions at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 7,292 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total value of $525,753.20. Following the sale, the director now directly owns 105,085 shares of the company's stock, valued at approximately $7,576,628.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Adtalem Global Education news, Director Lisa W. Wardell sold 67,330 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the sale, the director now directly owns 94,804 shares in the company, valued at $6,779,434.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lisa W. Wardell sold 7,292 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total value of $525,753.20. Following the completion of the sale, the director now owns 105,085 shares in the company, valued at approximately $7,576,628.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,440 shares of company stock worth $10,889,450. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Adtalem Global Education

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake 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 in the last quarter. Ariel Investments LLC lifted its stake in 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 during the last quarter. Pacer Advisors Inc. boosted its holdings 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 valued at $90,725,000 after purchasing an additional 1,328,462 shares in the last quarter. LSV Asset Management raised its holdings in Adtalem Global Education by 2,360.6% during the second 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 in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Adtalem Global Education by 34.3% during the second quarter. Renaissance Technologies LLC now owns 186,800 shares of the company's stock worth $12,742,000 after purchasing an additional 47,700 shares in 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.