Adtalem Global Education (NYSE:ATGE) Downgraded to Hold Rating by Zacks Research

Adtalem Global Education (NYSE:ATGE) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on ATGE. Jefferies Financial Group assumed coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They issued a “buy” rating and a $135.00 price target for the company. Barrington Research boosted their price objective on Adtalem Global Education from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, BMO Capital Markets upped their target price on Adtalem Global Education from $115.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, May 12th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $139.00.

Adtalem Global Education Trading Up 0.9%

NYSE:ATGE opened at $130.3430 on Tuesday. The company’s 50 day moving average is $121.07 and its 200-day moving average is $113.58. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.39. Adtalem Global Education has a 12 month low of $68.60 and a 12 month high of $140.12. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 1.12 and a beta of 0.88.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.15. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The business had revenue of $457.11 million during the quarter, compared to the consensus estimate of $440.93 million. During the same period in the prior year, the firm earned $1.37 EPS. Adtalem Global Education’s quarterly revenue was up 11.5% compared to the same quarter last year. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. Equities analysts anticipate that Adtalem Global Education will post 6.2 EPS for the current year.

Adtalem Global Education announced that its Board of Directors has approved a stock repurchase plan on Tuesday, May 6th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other news, Director William W. Burke sold 2,291 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $128.35, for a total value of $294,049.85. Following the completion of the sale, the director directly owned 9,368 shares of the company’s stock, valued at $1,202,382.80. This represents a 19.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Sachetta LLC bought a new stake in Adtalem Global Education in the second quarter valued at approximately $25,000. Penserra Capital Management LLC acquired a new position in shares of Adtalem Global Education in the 2nd quarter valued at $28,000. Fifth Third Bancorp increased its position in shares of Adtalem Global Education by 56.8% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company’s stock valued at $29,000 after buying an additional 104 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Adtalem Global Education in the 1st quarter valued at $31,000. Finally, Allworth Financial LP raised its stake in Adtalem Global Education by 82.9% during the 2nd quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $44,000 after buying an additional 155 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.