Barrington Thinks Adtalem Global Education Inc’s Stock is Going to Recover

By Ryan Adsit

In a report released today, Alexander Paris from Barrington maintained a Buy rating on Adtalem Global Education Inc (ATGEResearch Report), with a price target of $55. The company’s shares closed yesterday at $43.73, close to its 52-week low of $42.70.

According to TipRanks.com, Paris is a 4-star analyst with an average return of 6.9% and a 48.5% success rate. Paris covers the Services sector, focusing on stocks such as American Public Education, Strategic Education Inc, 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 $57.33 average price target, a 31.1% upside from current levels. In a report issued on May 14, Piper Jaffray also maintained a Buy rating on the stock with a $60 price target.

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The company has a one-year high of $58.80 and a one-year low of $42.70. Currently, Adtalem Global Education Inc has an average volume of 325.3K.

Based on the recent corporate insider activity of 94 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.