BMO Capital Markets restated their hold rating on shares of Adtalem Global Education (NYSE:ATGE) in a research report released on Wednesday. The brokerage currently has a $49.00 price objective on the stock.

Other analysts have also recently issued research reports about the company. Piper Jaffray Companies reaffirmed a buy rating and issued a $59.00 price target on shares of Adtalem Global Education in a report on Monday, December 4th. BidaskClub raised Adtalem Global Education from a hold rating to a buy rating in a report on Thursday, November 2nd. Robert W. Baird reaffirmed a hold rating on shares of Adtalem Global Education in a report on Thursday, December 7th. Finally, Zacks Investment Research cut Adtalem Global Education from a hold rating to a sell rating in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $54.00.

Shares of Adtalem Global Education (ATGE) opened at $45.25 on Wednesday. The stock has a market capitalization of $2,732.96, a PE ratio of 26.31, a P/E/G ratio of 1.92 and a beta of 0.98. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.20 and a current ratio of 1.20. Adtalem Global Education has a 1-year low of $30.15 and a 1-year high of $46.65.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.18). Adtalem Global Education had a return on equity of 10.24% and a net margin of 6.17%. The company had revenue of $421.03 million for the quarter, compared to analysts’ expectations of $428.00 million. During the same period last year, the company posted $0.45 EPS. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. analysts expect that Adtalem Global Education will post 2.84 earnings per share for the current fiscal year.

In other Adtalem Global Education news, SVP Donna Jennings sold 4,582 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $45.00, for a total value of $206,190.00. Following the sale, the senior vice president now owns 16,794 shares of the company’s stock, valued at approximately $755,730. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Carlos Filgueiras sold 2,325 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $36.92, for a total value of $85,839.00. Following the completion of the sale, the insider now directly owns 11,832 shares in the company, valued at approximately $436,837.44. The disclosure for this sale can be found here. Company insiders own 3.04% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mutual of America Capital Management LLC raised its holdings in shares of Adtalem Global Education by 3.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 48,838 shares of the company’s stock valued at $1,751,000 after buying an additional 1,771 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Adtalem Global Education by 12.0% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 23,110 shares of the company’s stock valued at $828,000 after buying an additional 2,470 shares in the last quarter. Strs Ohio raised its holdings in shares of Adtalem Global Education by 10.3% during the 3rd quarter. Strs Ohio now owns 36,400 shares of the company’s stock valued at $1,304,000 after buying an additional 3,400 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Adtalem Global Education during the 2nd quarter valued at about $223,000. Finally, Shelton Capital Management purchased a new position in shares of Adtalem Global Education during the 2nd quarter valued at about $224,000.

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About Adtalem Global Education

Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.

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