Adtalem Global Education Inc. (NYSE:ATGE) Receives $156.50 Consensus Price Target from Analysts

Shares of Adtalem Global Education Inc. (NYSE:ATGE) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $156.50.

A number of equities research analysts have recently commented on ATGE shares. Robert W. Baird set a $163.00 target price on Adtalem Global Education in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Adtalem Global Education in a report on Wednesday, November 19th. Zacks Research cut Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Wall Street Zen lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 20th. Finally, Barrington Research reissued an “outperform” rating and issued a $170.00 price target on shares of Adtalem Global Education in a research note on Friday, October 31st.

Insider Activity

In other news, Director Michael W. Malafronte acquired 1,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was bought at an average cost of $91.85 per share, for a total transaction of $91,850.00. Following the purchase, the director owned 100,445 shares in the company, valued at approximately $9,225,873.25. This represents a 1.01% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kenneth J. Phelan bought 508 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was purchased at an average price of $98.29 per share, for a total transaction of $49,931.32. Following the transaction, the director owned 18,783 shares of the company’s stock, valued at approximately $1,846,181.07. This represents a 2.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ATGE. Allspring Global Investments Holdings LLC boosted its stake in Adtalem Global Education by 444.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 605,137 shares of the company’s stock worth $90,940,000 after purchasing an additional 494,058 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Adtalem Global Education in the first quarter valued at about $40,829,000. Goldman Sachs Group Inc. lifted its stake in shares of Adtalem Global Education by 124.3% in the first quarter. Goldman Sachs Group Inc. now owns 699,027 shares of the company’s stock worth $70,350,000 after buying an additional 387,330 shares in the last quarter. Fisher Asset Management LLC acquired a new position in Adtalem Global Education during the second quarter worth about $42,699,000. Finally, Franklin Resources Inc. boosted its position in Adtalem Global Education by 96.2% during the third quarter. Franklin Resources Inc. now owns 465,068 shares of the company’s stock worth $71,830,000 after acquiring an additional 228,065 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Adtalem Global Education Trading Up 3.4%

Adtalem Global Education stock opened at $92.69 on Friday. The firm has a market cap of $3.37 billion, a PE ratio of 14.97, a P/E/G ratio of 1.22 and a beta of 0.81. Adtalem Global Education has a 12 month low of $84.79 and a 12 month high of $156.26. The stock’s 50 day simple moving average is $127.90 and its two-hundred day simple moving average is $126.65. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The firm had revenue of $462.29 million for the quarter, compared to the consensus estimate of $452.30 million. During the same period in the prior year, the firm posted $1.29 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. Analysts anticipate that Adtalem Global Education will post 6.2 earnings per share for the current year.

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.