Sidoti initiated coverage on shares of Adtalem Global Education (NYSE:ATGE) in a research report released on Thursday morning, The Fly reports. The brokerage issued a buy rating on the stock.

Several other research analysts have also commented on the stock. BMO Capital Markets raised 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 note on Friday, August 23rd. Barrington Research set a $58.00 price target on shares of Adtalem Global Education and gave the stock a buy rating in a research note on Friday, August 23rd. Finally, Zacks Investment Research downgraded shares of Adtalem Global Education from a hold rating to a sell rating and set a $48.00 price target for the company. in a research note on Thursday, July 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Adtalem Global Education presently has a consensus rating of Hold and a consensus target price of $55.60.

Shares of NYSE ATGE traded down $0.26 during midday trading on Thursday, hitting $41.44. The company’s stock had a trading volume of 17,925 shares, compared to its average volume of 529,823. The business’s fifty day simple moving average is $45.89 and its two-hundred day simple moving average is $46.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.62 and a quick ratio of 1.62. Adtalem Global Education has a 1 year low of $40.06 and a 1 year high of $58.80. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.01. Adtalem Global Education had a net margin of 7.68% and a return on equity of 11.81%. The business had revenue of $330.30 million during the quarter, compared to analyst estimates of $329.90 million. During the same quarter last year, the firm posted $0.86 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts anticipate that Adtalem Global Education will post 3.05 EPS for the current fiscal year.

In related news, insider Patrick J. Unzicker sold 2,297 shares of Adtalem Global Education stock in a transaction that occurred 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 completion of the transaction, the insider now owns 32,908 shares in the company, valued at $1,494,023.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.91% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Great Lakes Advisors LLC lifted its stake in Adtalem Global Education by 0.4% in the second quarter. Great Lakes Advisors LLC now owns 78,749 shares of the company’s stock worth $3,548,000 after acquiring an additional 281 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Adtalem Global Education by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 24,067 shares of the company’s stock worth $1,084,000 after buying an additional 330 shares during the last quarter. Swiss National Bank lifted its position in shares of Adtalem Global Education by 0.4% during the 2nd quarter. Swiss National Bank now owns 107,500 shares of the company’s stock worth $4,843,000 after buying an additional 400 shares during the last quarter. Verition Fund Management LLC lifted its position in shares of Adtalem Global Education by 6.4% during the 2nd quarter. Verition Fund Management LLC now owns 7,420 shares of the company’s stock worth $334,000 after buying an additional 444 shares during the last quarter. Finally, Texas Permanent School Fund lifted its position in shares of Adtalem Global Education by 2.1% during the 1st quarter. Texas Permanent School Fund now owns 39,232 shares of the company’s stock worth $1,817,000 after buying an additional 790 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

About Adtalem Global Education

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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Analyst Recommendations for Adtalem Global Education (NYSE:ATGE)

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