Barrington Research Increases Adtalem Global Education (NYSE:ATGE) Price Target to $120.00

Adtalem Global Education (NYSE:ATGE) had its price objective upped by research analysts at Barrington Research from $115.00 to $120.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Barrington Research’s price target points to a potential upside of 11.91% from the stock’s previous close.

Several other brokerages have also weighed in on ATGE. BMO Capital Markets raised their target price on Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

Adtalem Global Education Stock Up 4.7 %

Shares of NYSE:ATGE traded up $4.81 during trading on Friday, hitting $107.23. The company’s stock had a trading volume of 349,069 shares, compared to its average volume of 368,353. Adtalem Global Education has a fifty-two week low of $45.16 and a fifty-two week high of $112.44. The business has a 50 day moving average price of $93.00 and a two-hundred day moving average price of $82.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $4.02 billion, a PE ratio of 24.51, a P/E/G ratio of 1.13 and a beta of 0.96.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. As a group, research analysts expect that Adtalem Global Education will post 5.89 EPS for the current fiscal year.

Insider Activity at Adtalem Global Education

In other news, Director William W. Burke sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the sale, the director now owns 11,659 shares of the company’s stock, valued at $1,053,857.01. The trade was a 25.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Adtalem Global Education

A number of large investors have recently bought and sold shares of ATGE. State Street Corp raised its holdings in Adtalem Global Education by 1.6% in the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company’s stock valued at $115,163,000 after acquiring an additional 23,464 shares during the last quarter. Wellington Management Group LLP grew its holdings in Adtalem Global Education by 0.7% in the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock valued at $75,049,000 after purchasing an additional 6,842 shares during the period. Principal Financial Group Inc. grew its stake in shares of Adtalem Global Education by 3.7% during the 4th quarter. Principal Financial Group Inc. now owns 200,624 shares of the company’s stock valued at $18,227,000 after buying an additional 7,069 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Adtalem Global Education by 4.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 101,757 shares of the company’s stock worth $7,681,000 after buying an additional 4,246 shares during the period. Finally, Peregrine Asset Advisers Inc. boosted its holdings in Adtalem Global Education by 33.5% in the third quarter. Peregrine Asset Advisers Inc. now owns 85,123 shares of the company’s stock valued at $6,425,000 after acquiring an additional 21,373 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

About Adtalem Global Education

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.