BMO Capital Markets Cuts Adtalem Global Education (ATGE) Price Target to $45.00

Adtalem Global Education (NYSE:ATGE) had its target price decreased by analysts at BMO Capital Markets from $49.00 to $45.00 in a research note issued on Wednesday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 0.33% from the stock’s current price.

ATGE has been the subject of a number of other reports. BidaskClub upgraded Adtalem Global Education from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Piper Jaffray Companies reiterated a “buy” rating and set a $59.00 price target on shares of Adtalem Global Education in a report on Monday, December 4th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Adtalem Global Education in a report on Thursday, December 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $50.33.

Shares of Adtalem Global Education (NYSE:ATGE) opened at $44.85 on Wednesday. The stock has a market capitalization of $2,823.98, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.90 and a beta of 1.01. The company has a current ratio of 1.58, a quick ratio of 1.20 and a debt-to-equity ratio of 0.11. Adtalem Global Education has a 12-month low of $30.15 and a 12-month high of $47.15.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Tuesday, February 6th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The firm had revenue of $337.24 million during the quarter, compared to analysts’ expectations of $435.56 million. Adtalem Global Education had a return on equity of 9.92% and a net margin of 0.86%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. equities analysts forecast that Adtalem Global Education will post 2.82 EPS for the current fiscal year.

In other news, SVP Donna Jennings sold 4,582 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $45.00, for a total transaction of $206,190.00. Following the completion of the transaction, the senior vice president now directly owns 16,794 shares in the company, valued at $755,730. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.04% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in shares of Adtalem Global Education during the second quarter worth approximately $223,000. Shelton Capital Management acquired a new position in shares of Adtalem Global Education in the second quarter valued at $224,000. Virtu KCG Holdings LLC acquired a new position in shares of Adtalem Global Education in the second quarter valued at $333,000. Citadel Advisors LLC acquired a new position in shares of Adtalem Global Education in the second quarter valued at $344,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Adtalem Global Education in the third quarter valued at $347,000.

WARNING: “BMO Capital Markets Cuts Adtalem Global Education (ATGE) Price Target to $45.00” was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.com-unik.info/2018/02/09/bmo-capital-markets-cuts-adtalem-global-education-atge-price-target-to-45-00.html.

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.

Receive News & Ratings for Adtalem Global Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adtalem Global Education and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit