Barrington Maintains Their Buy Rating on Adtalem Global Education Inc (ATGE)


In a report released today, Alexander Paris from Barrington maintained a Buy rating on Adtalem Global Education Inc (NYSE: ATGE), with a price target of $60. The company’s shares opened today at $45.51.

Paris wrote:

“We believe the agreement to divest DVU and, now, Carrington College enhances the value of and de‐risks investment in Adtalem, allowing management to focus on driving growth across its three key verticals of by eliminating the distraction of the turnaround institutions. Education, Inc. engages in the provision of educational services. It operates through the following segments: Medical and Healthcare, Professional Education, and Technology and Business.”

According to TipRanks.com, Paris is a 4-star analyst with an average return of 9.2% and a 50.7% success rate. Paris covers the Services sector, focusing on stocks such as American Public Education, Franklin Covey Company, and Grand Canyon Education.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Adtalem Global Education Inc with a $58.33 average price target.

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Based on Adtalem Global Education Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $62.81 million. In comparison, last year the company had a net profit of $12.79 million.

Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock.

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Adtalem Global Education, Inc. engages in the provision of educational services. It operates through the following segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment includes the operations of Ross University medical and veterinary schools, Chamberlain College of Nursing and Carrington.

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