Shares of Adtalem Global Education Inc (NYSE:ATGE) have earned an average rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $54.00.

A number of brokerages have recently weighed in on ATGE. Barrington Research restated a “buy” rating and issued a $20.00 target price on shares of QuinStreet in a research note on Thursday, May 16th. BMO Capital Markets lowered their target price on Superior Gold from C$2.00 to C$1.50 in a research note on Wednesday, May 15th. Finally, Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th.

Adtalem Global Education stock traded down $0.44 during mid-day trading on Wednesday, hitting $48.22. 11,360 shares of the company were exchanged, compared to its average volume of 267,013. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.75. The business has a fifty day moving average of $45.63. Adtalem Global Education has a 1-year low of $42.36 and a 1-year high of $58.80. The company has a market capitalization of $2.75 billion, a P/E ratio of 17.34, a PEG ratio of 1.18 and a beta of 0.91.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $308.61 million during the quarter, compared to analyst estimates of $315.35 million. During the same period in the prior year, the company posted $0.70 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Research analysts anticipate that Adtalem Global Education will post 2.83 earnings per share for the current year.

In other news, insider Patrick J. Unzicker sold 2,953 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $43.07, for a total value of $127,185.71. Following the completion of the sale, the insider now directly owns 36,070 shares in the company, valued at $1,553,534.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.91% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Marshall Wace North America L.P. acquired a new stake in Adtalem Global Education in the first quarter worth about $56,000. Mackay Shields LLC acquired a new stake in Adtalem Global Education in the fourth quarter worth about $208,000. Bank of Montreal Can increased its position in Adtalem Global Education by 66.7% in the first quarter. Bank of Montreal Can now owns 4,470 shares of the company’s stock worth $207,000 after purchasing an additional 1,789 shares during the period. Sciencast Management LP acquired a new stake in Adtalem Global Education in the first quarter worth about $270,000. Finally, Candriam Luxembourg S.C.A. acquired a new stake in Adtalem Global Education in the fourth quarter worth about $379,000. Hedge funds and other institutional investors own 97.81% of the company’s stock.

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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