Barrington Research Increases Adtalem Global Education (NYSE:ATGE) Price Target to $140.00

Adtalem Global Education (NYSE:ATGE) had its price target boosted by Barrington Research from $120.00 to $140.00 in a report released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research firms have also commented on ATGE. BMO Capital Markets lifted their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th. Finally, Jefferies Financial Group initiated coverage on Adtalem Global Education in a research report on Wednesday, April 23rd. They set a “buy” rating and a $135.00 price objective for the company.

Adtalem Global Education Trading Up 17.6 %

NYSE:ATGE opened at $136.28 on Friday. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86. Adtalem Global Education has a one year low of $62.28 and a one year high of $136.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50-day simple moving average is $103.25 and its 200 day simple moving average is $96.80.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.29. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The company had revenue of $466.06 million during the quarter, compared to the consensus estimate of $447.19 million. During the same quarter in the previous year, the firm earned $1.50 EPS. The company’s revenue was up 12.9% on a year-over-year basis. As a group, sell-side analysts predict that Adtalem Global Education will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education announced that its Board of Directors has approved a stock repurchase plan on Tuesday, May 6th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other news, Director Donna J. Hrinak sold 4,812 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the transaction, the director now directly owns 8,032 shares of the company’s stock, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Adtalem Global Education

Institutional investors and hedge funds have recently bought and sold shares of the stock. USA Financial Formulas acquired a new stake in shares of Adtalem Global Education in the 4th quarter worth approximately $26,000. Fifth Third Bancorp boosted its stake in Adtalem Global Education by 56.8% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company’s stock valued at $29,000 after purchasing an additional 104 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Adtalem Global Education during the 1st quarter valued at $31,000. R Squared Ltd acquired a new stake in shares of Adtalem Global Education in the fourth quarter valued at $70,000. Finally, Parkside Financial Bank & Trust boosted its stake in Adtalem Global Education by 4,850.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock valued at $72,000 after buying an additional 776 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Company Profile

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.