Last Updated: 09 Nov 2024
Executive Summary
Adtalem Global Education Inc. (ATGE) is a leading provider of educational services worldwide. The company has a market capitalization of $3.42 billion and trades on the NYSE. ATGE's latest stock price is $91.23. The company has a strong financial position with an EBITDA of $396.25 million and a profit margin of 10.5%. ATGE's stock is currently trading at a P/E ratio of 21.12 and a forward P/E ratio of 13.53. The company has a strong analyst rating with 2 strong buy ratings and 1 buy rating. The consensus analyst target price is $92.67.
Company Overview
Adtalem Global Education Inc. provides educational services worldwide. The company's segments include Medical and Health Sciences, Business and Financial Services, Education, and Other. The Medical and Health Sciences segment offers degree programs in medicine, dentistry, optometry, podiatry, and veterinary medicine. The Business and Financial Services segment offers degree programs in accounting, finance, human resources, and marketing. The Education segment offers degree programs in education, early childhood education, and special education. The Other segment includes the company's corporate operations and other non-operating activities.
Fundamental Analysis
ATGE's financial performance has been strong in recent years. The company's revenue has grown from $1.4 billion in 2018 to $1.6 billion in 2022. The company's net income has also grown from $182.3 million in 2018 to $240.1 million in 2022. ATGE's profit margin has remained relatively stable over the past five years, averaging around 10%. The company's return on assets and return on equity have also been strong, averaging around 7% and 12%, respectively.
Technical Analysis
ATGE's stock price has been trending higher in recent months. The stock price broke out of a downtrend in October 2022 and has since rallied to a new 52-week high. The stock price is currently trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is also trending higher, indicating that the stock is in a bullish trend.
Short Term Outlook
ATGE's stock price is expected to continue to trend higher in the short term. The stock price is trading above its key moving averages and the RSI is trending higher. The company's strong financial performance and positive analyst sentiment are also supportive of a bullish outlook.
Long Term Outlook
ATGE's long-term outlook is also positive. The company is a leader in the educational services industry and is well-positioned to benefit from the growing demand for higher education. The company's strong financial position and positive analyst sentiment are also supportive of a positive long-term outlook.
Analyst Recommendations
The consensus analyst recommendation for ATGE is buy. The average analyst target price is $92.67. Two analysts have a strong buy rating on the stock, one analyst has a buy rating, and no analysts have a sell rating.
