Adtalem Global Education Inc (ATGE) Receives “Market Perform” Rating from BMO Capital Markets

Adtalem Global Education Inc (NASDAQ:ATGE)‘s stock had its “market perform” rating reissued by research analysts at BMO Capital Markets in a research note issued to investors on Monday. They presently have a $35.00 target price on the stock, down from their prior target price of $40.00. BMO Capital Markets’ price objective indicates a potential upside of 5.74% from the stock’s previous close.

Separately, Zacks Investment Research raised Adtalem Global Education from a “sell” rating to a “hold” rating in a research report on Friday, July 7th.

Adtalem Global Education (ATGE) traded down 0.220% during midday trading on Monday, reaching $33.975. The company’s stock had a trading volume of 343,686 shares. The firm has a market capitalization of $2.13 billion and a PE ratio of 31.487. The stock has a 50 day moving average of $37.74 and a 200 day moving average of $34.81. Adtalem Global Education has a 52 week low of $21.86 and a 52 week high of $40.70.

Adtalem Global Education (NASDAQ:ATGE) last announced its quarterly earnings data on Thursday, August 17th. The company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.09. The business had revenue of $451.50 million during the quarter, compared to analyst estimates of $452.77 million. Adtalem Global Education had a return on equity of 9.81% and a net margin of 8.85%. The company’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. On average, equities research analysts predict that Adtalem Global Education will post $2.86 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Adtalem Global Education during the second quarter valued at $229,924,000. Dimensional Fund Advisors LP purchased a new stake in shares of Adtalem Global Education during the second quarter worth approximately $200,183,000. Vanguard Group Inc. purchased a new stake in shares of Adtalem Global Education during the second quarter worth approximately $184,918,000. William Blair Investment Management LLC purchased a new stake in shares of Adtalem Global Education during the second quarter worth approximately $128,673,000. Finally, Wells Fargo & Company MN purchased a new stake in shares of Adtalem Global Education during the second quarter worth 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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