Adtalem Global Education (NYSE:ATGE – Free Report) had its price objective upped by Barrington Research from $65.00 to $70.00 in a report issued on Friday, Benzinga reports. They currently have an outperform rating on the stock.
Other equities analysts have also recently issued research reports about the company. Robert W. Baird boosted their price target on Adtalem Global Education from $65.00 to $70.00 and gave the stock an outperform rating in a report on Friday. StockNews.com downgraded Adtalem Global Education from a strong-buy rating to a buy rating in a research note on Wednesday, February 7th.
Get Our Latest Analysis on ATGE
Adtalem Global Education Trading Up 14.7 %
Adtalem Global Education (NYSE:ATGE – Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the business posted $1.13 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts forecast that Adtalem Global Education will post 4.9 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Adtalem Global Education
Several hedge funds have recently modified their holdings of ATGE. Skandinaviska Enskilda Banken AB publ bought a new position in Adtalem Global Education in the third quarter valued at about $56,000. Blue Trust Inc. increased its stake in shares of Adtalem Global Education by 41.4% in the fourth quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock valued at $61,000 after buying an additional 305 shares during the period. Daiwa Securities Group Inc. boosted its position in Adtalem Global Education by 19.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock worth $75,000 after buying an additional 210 shares during the period. Center for Financial Planning Inc. grew its holdings in Adtalem Global Education by 50.3% during the 4th quarter. Center for Financial Planning Inc. now owns 1,910 shares of the company’s stock worth $113,000 after acquiring an additional 639 shares during the last quarter. Finally, First Trust Direct Indexing L.P. acquired a new position in Adtalem Global Education in the 3rd quarter valued at approximately $201,000. Institutional investors and hedge funds own 98.84% of the company’s stock.
About Adtalem Global Education
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.
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