Shares of Adtalem Global Education Inc (NYSE:ATGE) have earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $55.60.

ATGE has been the subject of a number of analyst reports. ValuEngine cut shares of Adtalem Global Education from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. BMO Capital Markets reiterated an “outperform” rating and set a $50.00 price objective on shares of Adtalem Global Education in a report on Wednesday, May 15th. Barrington Research reiterated a “buy” rating and set a $62.00 price objective on shares of Adtalem Global Education in a report on Friday, May 3rd. Finally, Zacks Investment Research upgraded shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Thursday, May 16th.

In related news, insider Patrick J. Unzicker sold 2,953 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $43.07, for a total transaction of $127,185.71. Following the transaction, the insider now directly owns 36,070 shares in the company, valued at $1,553,534.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.91% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Adtalem Global Education by 1.8% during the fourth quarter. BlackRock Inc. now owns 6,812,266 shares of the company’s stock worth $322,355,000 after purchasing an additional 123,662 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Adtalem Global Education by 1.2% during the third quarter. Vanguard Group Inc. now owns 5,336,713 shares of the company’s stock valued at $257,230,000 after buying an additional 62,165 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Adtalem Global Education by 11.6% during the first quarter. Wedge Capital Management L L P NC now owns 2,677,303 shares of the company’s stock valued at $124,013,000 after buying an additional 278,637 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Adtalem Global Education by 0.5% during the first quarter. Goldman Sachs Group Inc. now owns 2,000,476 shares of the company’s stock valued at $92,662,000 after buying an additional 9,460 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Adtalem Global Education by 3.7% during the first quarter. Wells Fargo & Company MN now owns 1,911,207 shares of the company’s stock worth $88,527,000 after purchasing an additional 67,312 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Shares of NYSE ATGE traded up $0.34 during mid-day trading on Friday, reaching $43.78. 4,495 shares of the company’s stock traded hands, compared to its average volume of 336,433. The stock has a market capitalization of $2.47 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.16 and a beta of 0.86. Adtalem Global Education has a 1-year low of $42.36 and a 1-year high of $58.80. 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 (NYSE:ATGE) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. The firm had revenue of $308.61 million during the quarter, compared to analysts’ expectations of $315.35 million. Adtalem Global Education had a net margin of 8.83% and a return on equity of 11.38%. The business’s revenue was down .5% on a year-over-year basis. During the same period last year, the company earned $0.70 earnings per share. As a group, equities research analysts anticipate that Adtalem Global Education will post 2.83 earnings per share for the current fiscal year.

Adtalem Global Education Company Profile

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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Analyst Recommendations for Adtalem Global Education (NYSE:ATGE)

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