Does Adtalem Global Education Inc. (ATGE) Have More Gas After Achieving 52-Week High?

April 16, 2018 - By Adrian Mccoy

The stock of Adtalem Global Education Inc. (NYSE:ATGE) hit a new 52-week high and has $54.39 target or 9.00 % above today’s $49.90 share price. The 9 months bullish chart indicates low risk for the $3.01B company. The 1-year high was reported on Apr, 16 by Barchart.com. If the $54.39 price target is reached, the company will be worth $270.72 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.81% or $0.4 during the last trading session, reaching $49.9. About 97,554 shares traded. Adtalem Global Education Inc. (NYSE:ATGE) has risen 41.32% since April 16, 2017 and is uptrending. It has outperformed by 29.77% the S&P500.

Analysts await Adtalem Global Education Inc. (NYSE:ATGE) to report earnings on May, 3. They expect $0.71 EPS, up 1.43 % or $0.01 from last year’s $0.7 per share. ATGE’s profit will be $42.80 million for 17.57 P/E if the $0.71 EPS becomes a reality. After $0.76 actual EPS reported by Adtalem Global Education Inc. for the previous quarter, Wall Street now forecasts -6.58 % negative EPS growth.

Adtalem Global Education Inc. provides educational services worldwide. The company has market cap of $3.01 billion. It operates through four divisions: Medical and Healthcare, Professional Education, Technology and Business, and U.S. It has a 231.02 P/E ratio. Traditional Postsecondary.

Adtalem Global Education Inc. (NYSE:ATGE) Ratings Chart

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