Stock Rating Upgrade
The Value Trend Rating for Adtalem Global Education Inc (NYSE: ATGE) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/9/24, Adtalem Global Education Inc (NYSE: ATGE) stock rose modestly by 0.8%, closing at $72.07. However, this advance was accompanied by below average trading volume at 69% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -6.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ATGE is expected to continue to be an important Value Builder.
Adtalem Global Education has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Adtalem Global Education has a neutral Appreciation Score of 47 but a good Power Rating of 82, resulting in the Positive Value Trend Rating.
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