Adtalem Global Education Inc (NASDAQ:ATGE) had its price target raised by research analysts at BMO Capital Markets from $35.00 to $38.00 in a research report issued to clients and investors on Friday. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 6.59% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. BidaskClub raised Adtalem Global Education from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research raised Adtalem Global Education from a “sell” rating to a “hold” rating in a research note on Friday, July 7th.
Adtalem Global Education (ATGE) traded down $1.00 on Friday, hitting $35.65. The company had a trading volume of 988,140 shares.
Adtalem Global Education (NASDAQ:ATGE) last released 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). The firm had revenue of $421.03 million during the quarter, compared to analyst estimates of $428.00 million. Adtalem Global Education had a return on equity of 10.35% and a net margin of 9.76%. The business’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS.
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In related news, insider John P. Roselli sold 2,327 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $33.99, for a total value of $79,094.73. Following the sale, the insider now owns 13,730 shares of the company’s stock, valued at approximately $466,682.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Eric P. Dirst sold 3,114 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $34.06, for a total value of $106,062.84. Following the completion of the sale, the insider now directly owns 14,800 shares in the company, valued at approximately $504,088. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,328 shares of company stock worth $384,138.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Adtalem Global Education in the 2nd quarter valued at approximately $229,924,000. Dimensional Fund Advisors LP purchased a new stake in Adtalem Global Education in the 2nd quarter valued at approximately $200,183,000. Vanguard Group Inc. purchased a new stake in Adtalem Global Education in the 2nd quarter valued at approximately $184,918,000. William Blair Investment Management LLC purchased a new stake in Adtalem Global Education in the 2nd quarter valued at approximately $128,673,000. Finally, Wells Fargo & Company MN purchased a new stake in Adtalem Global Education in the 2nd quarter valued at approximately $79,653,000.
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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