Adtalem Global Education (NYSE:ATGE) Lowered to “Hold” Rating by Zacks Research

Adtalem Global Education (NYSE:ATGE) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Barrington Research increased their target price on Adtalem Global Education from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Jefferies Financial Group initiated coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They issued a “buy” rating and a $135.00 target price on the stock. Finally, BMO Capital Markets upped their target price on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, May 12th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.00.

Adtalem Global Education Trading Up 0.9%

Shares of Adtalem Global Education stock opened at $130.3430 on Tuesday. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.12 and a beta of 0.88. The business has a 50-day moving average price of $121.07 and a 200-day moving average price of $113.58. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.39. Adtalem Global Education has a twelve month low of $68.60 and a twelve month high of $140.12.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Thursday, August 7th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.15. The company had revenue of $457.11 million for the quarter, compared to the consensus estimate of $440.93 million. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. Equities research analysts anticipate that Adtalem Global Education will post 6.2 EPS for the current fiscal year.

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

Insiders Place Their Bets

In other Adtalem Global Education news, Director William W. Burke sold 2,291 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $128.35, for a total value of $294,049.85. Following the completion of the sale, the director owned 9,368 shares of the company’s stock, valued at $1,202,382.80. This trade represents a 19.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

Institutional Trading of Adtalem Global Education

Several institutional investors and hedge funds have recently made changes to their positions in ATGE. Sachetta LLC bought a new stake in shares of Adtalem Global Education during the second quarter valued at approximately $25,000. Penserra Capital Management LLC bought a new position in Adtalem Global Education in the second quarter worth about $28,000. Fifth Third Bancorp raised its stake in shares of Adtalem Global Education by 56.8% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company’s stock worth $29,000 after acquiring an additional 104 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Adtalem Global Education during the first quarter worth $31,000. Finally, Allworth Financial LP increased its position in Adtalem Global Education by 82.9% during the 2nd quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $44,000 after buying an additional 155 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

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.