Adtalem Global Hits A 52-Week High: Can It Scale Higher?

By Zacks Investment ResearchStock MarketsDec 12, 2017 09:01PM ET

www.investing.com/analysis/adtalem-global-hits-a-52week-high-can-it-scale-higher-200272858

Adtalem Global Hits A 52-Week High: Can It Scale Higher?

By Zacks Investment Research | Dec 12, 2017 09:01PM ET

Saved. See Saved Items.

This article has already been saved in your Saved Items

ATGE

-0.17%

Add to/Remove from Watchlist

CLAR

-2.13%

Add to/Remove from Watchlist

MBUU

-0.17%

Add to/Remove from Watchlist

GOLF

-0.66%

Add to/Remove from Watchlist

On Dec 12, shares of Adtalem Global Education Inc. (NYSE:ATGE) rallied to a 52-week high of $45.20. The stock pulled back to end the trading session at $45.15. The stock has a market cap of $2.69 billion. Average volume of shares traded over the last three months was approximately 5.66 million.

The for-profit education company has seen its shares rise roughly 21% in the last six months, compared with a 9.6% increase of the Zacks Schools Industry. The company has also outperformed the industry in each of the 4-week, 12-week and 52-week time frames.

The company’s cost-saving initiatives, transformation strategy and continued focus on stackable programs bode well.

Will the Rally Continue?

Adtalem Global’s cost-saving initiatives like workforce reduction and cutting down on discretionary spending are encouraging. Total operating cost and expenses contracted 2.44% year over year in first-quarter fiscal 2018. In second-quarter fiscal 2018, Adtalem Global intends to reduce operating expenses by 1-2% year over year.

The company is making progress with new programs, which are more directly aimed at meeting student preference and employer needs. These programs are shorter and more stackable, spanning the fields of technology, healthcare and business fields. They have been designed to provide students with enhanced flexibility and greater affordability to support their pursuit of in-demand skill-sets. Such new programs can facilitate enrollment and drive growth.

In order to enhance academic excellence, Adtalem Global is emphasizing on partnering with corporations, hospitals, government agencies and professional organizations. This will give the company the option to reduce its exposure to Title IV funding. In fact, the company has made steady progress in reducing its exposure to Title IV funding. The company has met its goal of limiting federal funding revenues to 85% by the end of fiscal 2017.

Adtalem Global will continue to focus on growing organic revenue, driving operating income and EPS to unlock shareholders’ value. This transition to active portfolio management will continue in fiscal 2018 and beyond, as it focuses on improving return on invested capital.

Recently, the company transferred ownership of DeVry University to Cogswell Education to focus more on the rest of its institutions in the medical and healthcare, technology and business, and professional education segments. The elimination of DeVry University is expected to prove favorable as it has been seeing declining enrollments for a long time.

Zacks Rank & Stocks to Consider

Adtalem Global presently carries a Zacks Rank #3 (Hold).

A few better-ranked stocks in the sector are Malibu Boats, Inc. (NASDAQ:MBUU) , Acushnet Holdings Corp. (NYSE:GOLF) and Black Diamond, Inc. (NASDAQ:CLAR) .

All these companies sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Acushnet Holdings’ 2017 earnings are expected to rise 76.7% year over year.

Malibu Boats is expected to witness 26.7% growth in fiscal 2018 earnings.

Black Diamond is likely to see more than 200% rise in 2017 earnings.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>

Acushnet Holdings Corp. (GOLF): Free Stock Analysis Report

Malibu Boats, Inc. (MBUU): Free Stock Analysis Report

DeVry Education Group Inc. (ATGE): Free Stock Analysis Report

Black Diamond, Inc. (CLAR): Free Stock Analysis Report

Original post

Zacks Investment Research

Will Alibaba’s $53B AI Bet Be the Key to Tech Supremacy? By Leo Miller - Feb 27, 2025

Shares of Alibaba (NYSE:BABA) are on a tear to start off 2025. The consumer discretionary and tech stock is up by 52% this year as of the Feb. 25 close. The company’s cloud...

2 Best AI-Driven CEP Stocks to Own in 2025 By Thomas Hughes - Feb 27, 2025

Every investor should know the term CEP, or customer engagement platform, because it is central to businesses' use of AI. CEPs provide software services to connect and communicate...

Sector Rotation Taking Hold as Healthcare Surges, Financials Lag By James Picerno - Feb 27, 2025

As markets try to look through the blizzard of policy changes flowing out of Washington, the crowd has shifted its preferences considerably in recent weeks based on a sector lens....

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.
Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

Central Banks

Interest Rates

Next Meeting

FED

4.50%

Mar 19, 2025

ECB

2.90%

Mar 06, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

US 30	43,814.0	+379.7	+0.87%
US 500	5,961.1	+4.9	+0.08%
Dow Jones	43,806.12	+373.00	+0.86%
S&P 500	5,960.98	+4.80	+0.08%
Nasdaq	18,984.40	-90.86	-0.48%
S&P 500 VIX	18.69	-0.41	-2.15%
Dollar Index	107.135	+0.806	+0.76%

Crude Oil WTI	69.94	+1.32	+1.92%
Brent Oil	73.25	+1.18	+1.64%
Natural Gas	4.043	+0.084	+2.12%
Gold	2,885.34	-45.26	-1.54%
Silver	31.690	-0.582	-1.80%
Copper	4.5985	+0.0120	+0.26%
US Soybeans	1,028.63	+3.63	+0.35%

U.S. 10Y	4.283	+0.034	+0.80%
U.S. 30Y	4.546	+0.039	+0.87%
U.S. 5Y	4.108	+0.031	+0.76%
U.S. 3M	4.306	+0.005	+0.12%
US 10Y T-Note	110.58	-0.27	-0.24%
Euro Bund	132.92	-0.02	-0.01%
10-2 Yield Spread	17.88	0.00	0.00%

Apple	241.35	+0.99	+0.41%
Alphabet A	171.30	-1.43	-0.83%
Tesla	288.65	-2.15	-0.74%
Amazon.com	214.36	+0.01	+0.00%
Netflix	985.96	-4.10	-0.41%
Meta Platforms	672.84	-0.86	-0.13%
Bank of America	44.54	+0.60	+1.37%

Adtalem Global Hits A 52-Week High: Can It Scale Higher?

Related Articles