Adtalem Global Education (NYSE:CVSA) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Adtalem Global Education (NYSE:CVSA – Free Report) from a hold rating to a buy rating in a research note released on Sunday,Wall Street Zen reports.

A number of other analysts have also commented on CVSA. Barrington Research reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Adtalem Global Education in a research note on Monday, June 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Adtalem Global Education in a research report on Wednesday, August 19th. Finally, Truist Financial lowered shares of Adtalem Global Education from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Adtalem Global Education presently has a consensus rating of “Hold” and an average price target of $155.00.

Get Our Latest Report on CVSA

Adtalem Global Education Stock Performance

CVSA opened at $119.44 on Friday. The firm has a market cap of $4.07 billion, a PE ratio of 16.97, a P/E/G ratio of 0.87 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. The business has a fifty day simple moving average of $127.74 and a 200-day simple moving average of $122.70. Adtalem Global Education has a fifty-two week low of $86.97 and a fifty-two week high of $156.26.

Adtalem Global Education (NYSE:CVSA – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.19. Adtalem Global Education had a return on equity of 20.88% and a net margin of 12.87%.The company had revenue of $501.38 million for the quarter. Adtalem Global Education has set its FY 2027 guidance at 8.900-9.150 EPS. As a group, equities analysts predict that Adtalem Global Education will post 9 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Manjunath Gangadharan sold 1,802 shares of the 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 directly owned 5,083 shares of the company’s stock, valued at approximately $697,285.94. This represents a 26.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Douglas Beck sold 4,526 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $135.81, for a total value of $614,676.06. Following the completion of the sale, the senior vice president directly owned 28,544 shares of the company’s stock, valued at approximately $3,876,560.64. This represents a 13.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 22,462 shares of company stock valued at $3,027,792 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of Adtalem Global Education

An institutional investor recently bought a new position in Adtalem Global Education stock. Kendall Capital Management bought a new stake in shares of Adtalem Global Education Inc. (NYSE:CVSA – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,622 shares of the company’s stock, valued at approximately $1,449,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Adtalem Global Education Company Profile

(Get Free Report)

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.

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