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Barrington Keeps Their Buy Rating on Adtalem Global Education (ATGE)

Tipranks - Tipranks - Thu Jan 8, 6:56AM CST

In a report released today, Alexander Paris from Barrington reiterated a Buy rating on Adtalem Global Education, with a price target of $170.00.

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Paris covers the Consumer Defensive sector, focusing on stocks such as Perdoceo Education, Adtalem Global Education, and Lincoln Edu. According to TipRanks, Paris has an average return of 17.0% and a 65.73% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Adtalem Global Education with a $163.67 average price target.

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Based on Adtalem Global Education’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $462.29 million and a net profit of $61.06 million. In comparison, last year the company earned a revenue of $417.4 million and had a net profit of $46.17 million

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ATGE in relation to earlier this year.

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