Adtalem Global Education (NYSE:CVSA) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Adtalem Global Education (NYSE:CVSA) from a buy rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

Other research analysts have also recently issued reports about the stock. Truist Financial cut shares of Adtalem Global Education from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a report on Thursday, September 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Adtalem Global Education in a report on Wednesday, August 19th. Finally, Barrington Research reiterated an “outperform” rating and set a $170.00 price target on shares of Adtalem Global Education in a report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $155.00.

Adtalem Global Education Trading Down 0.6%

Shares of Adtalem Global Education stock opened at $126.02 on Friday. The business has a fifty day simple moving average of $127.44 and a 200-day simple moving average of $121.86. Adtalem Global Education has a fifty-two week low of $86.97 and a fifty-two week high of $156.26. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 0.94 and a beta of 0.63. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:CVSA) last issued its quarterly earnings results on Thursday, August 6th. The company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.90 by $0.19. The firm had revenue of $501.38 million for the quarter. Adtalem Global Education had a net margin of 12.87% and a return on equity of 20.88%. Adtalem Global Education has set its FY 2027 guidance at 8.900-9.150 EPS. On average, equities analysts forecast that Adtalem Global Education will post 9 EPS for the current fiscal year.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 1,802 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $137.18, for a total value of $247,198.36. Following the completion of the sale, the chief accounting officer owned 5,083 shares of the company’s stock, valued at $697,285.94. The trade was a 26.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert J. Phelan sold 2,900 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $135.41, for a total value of $392,689.00. Following the sale, the chief financial officer owned 52,906 shares of the company’s stock, valued at approximately $7,164,001.46. This trade represents a 5.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 22,462 shares of company stock worth $3,027,792. Company insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Adtalem Global Education

A hedge fund recently bought a new stake in Adtalem Global Education stock. Kendall Capital Management purchased a new stake in shares of Adtalem Global Education Inc. (NYSE:CVSA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,622 shares of the company’s stock, valued at approximately $1,449,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

About Adtalem Global Education

Adtalem Global Education Inc is a provider of postsecondary education and professional training focused primarily on healthcare and other workforce-oriented fields. Through its academic institutions, the company offers degree programs, certificates and other educational services designed to prepare students for careers in nursing, medicine, veterinary medicine, public health, business and related disciplines.

Adtalem’s education network includes Chamberlain University, Walden University, Ross University School of Medicine, Ross University School of Veterinary Medicine and the American University of the Caribbean School of Medicine.