Adtalem Global Education (NYSE:ATGE) Research Coverage Started at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Adtalem Global Education (NYSE:ATGE – Get Rating) in a report released on Thursday. The brokerage set a “strong-buy” rating on the stock.

A number of other research analysts have also commented on the stock. Barrington Research reaffirmed an “outperform” rating and set a $48.00 price objective on shares of Adtalem Global Education in a research report on Friday, February 3rd. TheStreet lowered shares of Adtalem Global Education from a “b-” rating to a “c+” rating in a research report on Thursday, December 29th.

Adtalem Global Education Stock Down 1.4 %

ATGE stock opened at $36.89 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.14 and a quick ratio of 1.14. Adtalem Global Education has a 52-week low of $26.93 and a 52-week high of $44.40. The company has a 50-day moving average of $38.67 and a two-hundred day moving average of $38.54. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 4.71, a price-to-earnings-growth ratio of 0.63 and a beta of 1.01.

Adtalem Global Education (NYSE:ATGE – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.29. The business had revenue of $363.30 million during the quarter, compared to analyst estimates of $355.14 million. Adtalem Global Education had a net margin of 26.59% and a return on equity of 13.13%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. As a group, equities research analysts anticipate that Adtalem Global Education will post 4.03 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of Adtalem Global Education by 65.2% during the third quarter. Royal Bank of Canada now owns 727 shares of the company’s stock worth $27,000 after buying an additional 287 shares in the last quarter. USA Financial Portformulas Corp acquired a new stake in shares of Adtalem Global Education during the third quarter worth approximately $34,000. US Bancorp DE increased its holdings in shares of Adtalem Global Education by 76.7% during the first quarter. US Bancorp DE now owns 1,786 shares of the company’s stock worth $53,000 after buying an additional 775 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of Adtalem Global Education during the fourth quarter worth approximately $87,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Adtalem Global Education by 133.1% during the third quarter. Tower Research Capital LLC TRC now owns 2,823 shares of the company’s stock worth $103,000 after buying an additional 1,612 shares in the last quarter.

About Adtalem Global Education

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Adtalem Global Education, Inc engages in the provision of workforce solutions. It operates through the following 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.