Adtalem Global Education Inc (NYSE:ATGE) Receives $54.00 Average Target Price from Analysts
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.
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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