Somewhat Positive Press Coverage Somewhat Unlikely to Impact Adtalem Global Education (ATGE) Stock Price
News headlines about Adtalem Global Education (NYSE:ATGE) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Adtalem Global Education earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.2890268563575 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Adtalem Global Education (ATGE) traded up $0.10 during trading on Wednesday, hitting $45.25. The company’s stock had a trading volume of 873,009 shares, compared to its average volume of 625,432. Adtalem Global Education has a one year low of $30.10 and a one year high of $45.47. The stock has a market cap of $2,714.76, a price-to-earnings ratio of 17.01, a PEG ratio of 1.91 and a beta of 0.99. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.08.
Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.16). Adtalem Global Education had a return on equity of 10.24% and a net margin of 6.17%. The business had revenue of $421.03 million for the quarter, compared to analysts’ expectations of $428.00 million. During the same period in the prior year, the company earned $0.45 EPS. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. analysts forecast that Adtalem Global Education will post 2.84 EPS for the current fiscal year.
A number of brokerages have commented on ATGE. BidaskClub upgraded Adtalem Global Education from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. BMO Capital Markets increased their price target on Adtalem Global Education from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, November 3rd. Zacks Investment Research lowered Adtalem Global Education from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Piper Jaffray Companies reissued a “buy” rating and set a $59.00 price target on shares of Adtalem Global Education in a research note on Monday, December 4th. Finally, ValuEngine lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $44.67.
In related news, insider Carlos Filgueiras sold 2,325 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $36.92, for a total value of $85,839.00. Following the transaction, the insider now directly owns 11,832 shares of the company’s stock, valued at approximately $436,837.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.04% of the company’s stock.
Adtalem Global Education Company Profile
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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