Adtalem Global Education Inc (NYSE:ATGE) Receives Average Rating of “Buy” from Brokerages

Shares of Adtalem Global Education Inc (NYSE:ATGE) have received an average recommendation of “Buy” from the seven research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $44.25.

Several brokerages have commented on ATGE. TheStreet downgraded Adtalem Global Education from a “b-” rating to a “c” rating in a research report on Tuesday, October 29th. Barrington Research reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Adtalem Global Education in a research report on Friday, January 31st. Zacks Investment Research raised Adtalem Global Education from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Friday, February 7th. Finally, Robert W. Baird set a $42.00 price objective on Adtalem Global Education and gave the company a “hold” rating in a research report on Monday, October 21st.

Institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC bought a new position in shares of Adtalem Global Education during the 4th quarter worth $37,000. Marshall Wace North America L.P. bought a new position in shares of Adtalem Global Education during the 1st quarter worth $56,000. Islay Capital Management LLC bought a new position in shares of Adtalem Global Education during the 4th quarter worth $66,000. First Mercantile Trust Co. bought a new position in shares of Adtalem Global Education during the 3rd quarter worth $76,000. Finally, Simplex Trading LLC bought a new position in shares of Adtalem Global Education during the 4th quarter worth $76,000. 97.06% of the stock is currently owned by institutional investors and hedge funds.

NYSE:ATGE traded up $0.69 during midday trading on Friday, hitting $35.31. 253,579 shares of the company traded hands, compared to its average volume of 413,730. The firm’s fifty day moving average is $35.22 and its 200-day moving average is $37.75. Adtalem Global Education has a 12-month low of $27.58 and a 12-month high of $51.79. The firm has a market capitalization of $1.86 billion, a P/E ratio of 18.98, a P/E/G ratio of 1.06 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The company had revenue of $266.20 million for the quarter, compared to the consensus estimate of $263.74 million. Adtalem Global Education had a return on equity of 10.72% and a net margin of 9.25%. Adtalem Global Education’s quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 EPS. On average, research analysts expect that Adtalem Global Education will post 2.46 EPS 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.

Further Reading: Sell-Side Analysts

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