Adtalem Global Education Inc. (NYSE:CVSA) Stock Rated “Hold” by Wall Street Analysts

Shares of Adtalem Global Education Inc. (NYSE:CVSA) have received a consensus rating of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $151.67.

A number of equities research analysts have recently commented on CVSA shares. Wall Street Zen raised Adtalem Global Education from a “hold” rating to a “buy” rating in a research note on Sunday, September 27th. Weiss Ratings downgraded Adtalem Global Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. BMO Capital Markets lowered their price target on Adtalem Global Education from $148.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, October 5th. Finally, Truist Financial lowered Adtalem Global Education from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a research report on Thursday, September 3rd.

Adtalem Global Education Stock Performance

Shares of CVSA opened at $129.27 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.45. The stock has a market cap of $4.38 billion, a P/E ratio of 18.36, a P/E/G ratio of 0.96 and a beta of 0.65. The business’s 50 day moving average price is $128.45 and its 200-day moving average price is $123.83. Adtalem Global Education has a 52 week low of $86.97 and a 52 week high of $156.26.

Adtalem Global Education (NYSE:CVSA) last posted its quarterly earnings data on Thursday, August 6th. The company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.19. The company had revenue of $501.38 million during the quarter. Adtalem Global Education had a return on equity of 20.88% and a net margin of 12.87%. Adtalem Global Education has set its FY 2027 guidance at 8.900-9.150 EPS. Equities research analysts anticipate that Adtalem Global Education will post 9.00 earnings per share for the current fiscal year.

Insider Activity

In other Adtalem Global Education news, CEO Stephen Beard sold 4,667 shares of the firm’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $130.77, for a total transaction of $610,303.59. Following the completion of the sale, the chief executive officer directly owned 469,158 shares in the company, valued at approximately $61,351,791.66. This trade represents a 0.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Douglas Beck sold 4,526 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $135.81, for a total transaction of $614,676.06. Following the sale, the senior vice president owned 28,544 shares of the company’s stock, valued at approximately $3,876,560.64. This represents a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 20,365 shares of company stock valued at $2,704,088. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Adtalem Global Education

A hedge fund recently bought a new position in Adtalem Global Education stock. Kendall Capital Management purchased a new stake in shares of Adtalem Global Education Inc. (NYSE:CVSA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,622 shares of the company’s stock, valued at approximately $1,449,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

About Adtalem Global Education

Adtalem Global Education is an education services company that provides professional, postsecondary and healthcare-focused education through institutions and brands serving students and working professionals. Its offerings include degree programs, career training, certification preparation and continuing education.

The company’s academic institutions include Chamberlain University, Walden University, American University of the Caribbean School of Medicine, Ross University School of Medicine, Ross University School of Veterinary Medicine and the Medical University of the Americas.