Adtalem Global Education (NYSE:CVSA) Downgraded by Wall Street Zen to “Hold”

by · The Markets Daily

Wall Street Zen downgraded shares of Adtalem Global Education (NYSE:CVSA – Free Report) from a buy rating to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.

Several other equities research analysts have also recently commented on the company. Barrington Research restated an “outperform” rating and set a $170.00 price target on shares of Adtalem Global Education in a research note on Monday, June 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Adtalem Global Education in a research report on Wednesday, August 19th. Finally, Truist Financial cut shares of Adtalem Global Education from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research note on Thursday, September 3rd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Adtalem Global Education currently has an average rating of “Hold” and an average price target of $155.00.

Get Our Latest Stock Analysis on CVSA

Adtalem Global Education Stock Performance

Shares of CVSA stock opened at $126.76 on Friday. The stock has a market capitalization of $4.31 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 0.94 and a beta of 0.63. Adtalem Global Education has a 52-week low of $86.97 and a 52-week high of $156.26. The stock’s 50-day moving average price is $127.58 and its 200 day moving average price is $121.54. 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 – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $2.09 earnings per share 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 during the quarter. Adtalem Global Education has set its FY 2027 guidance at 8.900-9.150 EPS. As a group, equities research analysts forecast that Adtalem Global Education will post 9 EPS for the current year.

Insider Buying and Selling

In related news, CEO Stephen Beard sold 3,545 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $130.34, for a total value of $462,055.30. Following the sale, the chief executive officer owned 415,197 shares of the company’s stock, valued at approximately $54,116,776.98. This represents a 0.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $135.81, for a total value of $614,676.06. Following the transaction, the senior vice president directly owned 28,544 shares of the company’s stock, valued at $3,876,560.64. The trade was a 13.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 22,462 shares of company stock valued at $3,027,792. 2.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Adtalem Global Education stock. Kendall Capital Management purchased a new position in shares of Adtalem Global Education Inc. (NYSE:CVSA – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,622 shares of the company’s stock, valued at approximately $1,449,000. Institutional investors 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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