Adtalem Global Education Inc (ATGE) Receives $58.60 Average Target Price from Brokerages
Adtalem Global Education Inc (NYSE:ATGE) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $57.00.
A number of analysts have commented on ATGE shares. BMO Capital Markets reissued an “outperform” rating and set a $50.00 price objective on shares of Adtalem Global Education in a report on Wednesday. Zacks Investment Research raised Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. ValuEngine lowered Adtalem Global Education from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Barrington Research reaffirmed a “buy” rating and issued a $62.00 target price on shares of Adtalem Global Education in a report on Friday, May 3rd.
In other news, Director James D. White sold 2,936 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $49.03, for a total value of $143,952.08. Following the completion of the transaction, the director now directly owns 6,523 shares of the company’s stock, valued at $319,822.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.91% of the company’s stock.
Shares of NYSE:ATGE traded up $0.39 during midday trading on Friday, reaching $43.81. The company’s stock had a trading volume of 258,983 shares, compared to its average volume of 305,315. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 1.17 and a beta of 0.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.75. Adtalem Global Education has a fifty-two week low of $42.75 and a fifty-two week high of $58.80.
Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, May 2nd. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. Adtalem Global Education had a return on equity of 11.38% and a net margin of 8.83%. The business had revenue of $308.61 million during the quarter, compared to analyst estimates of $315.35 million. During the same period in the previous year, the company posted $0.70 EPS. The firm’s revenue was down .5% compared to the same quarter last year. Analysts anticipate that Adtalem Global Education will post 2.84 EPS for the current year.
About Adtalem Global Education
Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.
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