Adtalem Global Education (NYSE:ATGE) Price Target Raised to $70.00 at Robert W. Baird

Adtalem Global Education (NYSE:ATGE) had its target price upped by analysts at Robert W. Baird from $65.00 to $70.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 16.51% from the stock’s current price.

ATGE has been the topic of several other reports. Barrington Research reiterated an “outperform” rating and set a $65.00 price target on shares of Adtalem Global Education in a research note on Tuesday, April 23rd. StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 7th.

Adtalem Global Education Price Performance

Shares of ATGE opened at $60.08 on Friday. Adtalem Global Education has a twelve month low of $33.59 and a twelve month high of $62.99. The firm’s fifty day simple moving average is $49.31 and its 200-day simple moving average is $52.90. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 0.87 and a beta of 0.92. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.36. Adtalem Global Education had a net margin of 7.12% and a return on equity of 13.86%. The business had revenue of $412.70 million for the quarter, compared to analyst estimates of $391.68 million. During the same period last year, the business earned $1.13 EPS. The company’s revenue was up 11.8% on a year-over-year basis. Equities analysts forecast that Adtalem Global Education will post 4.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Adtalem Global Education by 41.4% in the 4th quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock valued at $61,000 after purchasing an additional 305 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Adtalem Global Education by 19.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock valued at $75,000 after buying an additional 210 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in Adtalem Global Education during the third quarter worth $56,000. TFO Wealth Partners LLC raised its position in Adtalem Global Education by 62,266.7% in the fourth quarter. TFO Wealth Partners LLC now owns 1,871 shares of the company’s stock worth $1,100,000 after acquiring an additional 1,868 shares in the last quarter. Finally, Center for Financial Planning Inc. lifted its holdings in Adtalem Global Education by 50.3% in the fourth quarter. Center for Financial Planning Inc. now owns 1,910 shares of the company’s stock valued at $113,000 after acquiring an additional 639 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Company Profile

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three 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. This segment operates Chamberlain University.