DeVry Education Group (ATGE) Given “Buy” Rating at Piper Jaffray Companies

Piper Jaffray Companies reiterated their buy rating on shares of DeVry Education Group (NYSE:ATGE) in a report published on Monday morning. The brokerage currently has a $59.00 target price on the stock.

Several other equities analysts have also recently weighed in on the company. BMO Capital Markets increased their price target on DeVry Education Group from $35.00 to $38.00 and gave the company a market perform rating in a report on Friday, November 3rd. BidaskClub upgraded DeVry Education Group from a hold rating to a buy rating in a research note on Thursday, November 2nd. Zacks Investment Research lowered DeVry Education Group from a hold rating to a sell rating in a research note on Tuesday, October 17th. Finally, ValuEngine lowered DeVry Education Group from a strong-buy rating to a buy rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. DeVry Education Group presently has an average rating of Buy and an average target price of $44.67.

DeVry Education Group (NYSE:ATGE) traded up $0.35 during midday trading on Monday, hitting $40.55. The stock had a trading volume of 665,400 shares, compared to its average volume of 613,705. The company has a market cap of $2,660.00, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.72 and a beta of 0.99. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.20 and a quick ratio of 1.20. DeVry Education Group has a 12-month low of $29.40 and a 12-month high of $41.70.

DeVry Education Group (NYSE:ATGE) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.16). The firm had revenue of $421.03 million for the quarter, compared to the consensus estimate of $428.00 million. DeVry Education Group had a net margin of 6.17% and a return on equity of 10.24%. DeVry Education Group’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. analysts expect that DeVry Education Group will post 2.84 EPS for the current fiscal year.

In other news, insider Carlos Filgueiras sold 2,325 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $36.92, for a total value of $85,839.00. Following the completion of the sale, the insider now directly owns 11,832 shares in the company, valued at approximately $436,837.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.04% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Chicago Equity Partners LLC purchased a new stake in DeVry Education Group in the 2nd quarter worth $704,000. American Century Companies Inc. purchased a new stake in DeVry Education Group in the 2nd quarter worth $8,539,000. BlackRock Inc. purchased a new stake in DeVry Education Group in the 2nd quarter worth $229,924,000. Rhumbline Advisers increased its stake in DeVry Education Group by 4.7% in the 3rd quarter. Rhumbline Advisers now owns 134,210 shares of the company’s stock worth $4,811,000 after buying an additional 6,042 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in DeVry Education Group in the 2nd quarter worth $3,033,000.

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DeVry Education Group Company Profile

Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.

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