Adtalem Global Education (NYSE:ATGE) Given “Buy” Rating at Barrington Research

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Adtalem Global Education (NYSE:ATGE)‘s stock had its “buy” rating reaffirmed by stock analysts at Barrington Research in a research report issued on Thursday, October 31st, AnalystRatings.com reports. Barrington Research also issued estimates for Adtalem Global Education’s Q3 2020 earnings at $0.74 EPS.

Several other equities research analysts have also recently issued reports on ATGE. Sidoti initiated coverage on shares of Adtalem Global Education in a research report on Thursday, September 12th. They set a “buy” rating on the stock. Robert W. Baird set a $42.00 price objective on shares of Adtalem Global Education and gave the company a “hold” rating in a research report on Monday, October 21st. BMO Capital Markets lifted their price objective on shares of Adtalem Global Education from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Finally, Zacks Investment Research cut shares of Adtalem Global Education from a “hold” rating to a “sell” rating and set a $44.00 price target on the stock. in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Adtalem Global Education presently has a consensus rating of “Hold” and a consensus price target of $49.75.

Shares of Adtalem Global Education stock traded down $0.04 on Thursday, hitting $31.78. 422,667 shares of the company traded hands, compared to its average volume of 423,753. The stock has a market capitalization of $1.73 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 1.02 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.11 and a current ratio of 1.11. Adtalem Global Education has a 52 week low of $27.58 and a 52 week high of $58.80. The business has a 50-day simple moving average of $36.07 and a 200 day simple moving average of $43.10.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.12). The company had revenue of $254.60 million for the quarter, compared to the consensus estimate of $301.66 million. Adtalem Global Education had a net margin of 9.84% and a return on equity of 11.44%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. Research analysts expect that Adtalem Global Education will post 2.46 earnings per share for the current year.

In related news, insider Patrick J. Unzicker sold 2,297 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $45.40, for a total value of $104,283.80. Following the sale, the insider now owns 32,908 shares in the company, valued at $1,494,023.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.46% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ATGE. Marshall Wace North America L.P. bought a new position in Adtalem Global Education during the first quarter valued at $56,000. WINTON GROUP Ltd boosted its stake in shares of Adtalem Global Education by 13.2% during the second quarter. WINTON GROUP Ltd now owns 10,525 shares of the company’s stock valued at $474,000 after purchasing an additional 1,224 shares during the period. Unigestion Holding SA boosted its stake in shares of Adtalem Global Education by 120.6% during the second quarter. Unigestion Holding SA now owns 76,872 shares of the company’s stock valued at $3,463,000 after purchasing an additional 42,025 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Adtalem Global Education by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 24,067 shares of the company’s stock valued at $1,084,000 after purchasing an additional 330 shares during the period. Finally, Foundry Partners LLC boosted its stake in shares of Adtalem Global Education by 10.5% during the second quarter. Foundry Partners LLC now owns 328,050 shares of the company’s stock valued at $14,779,000 after purchasing an additional 31,192 shares during the period. Institutional investors and hedge funds own 98.09% 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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