Apollo Global Management Receives “Buy” Rating from Citigroup Inc. (APO)
Apollo Global Management (NYSE:APO)‘s stock had its “buy” rating restated by equities research analysts at Citigroup Inc. in a research note issued to investors on Thursday, AnalystRatings.Net reports. They currently have a $34.00 price target on the stock. Citigroup Inc.’s price target would suggest a potential upside of 22.39% from the stock’s previous close.
Apollo Global Management (NYSE:APO) traded up 0.65% on Thursday, hitting $27.96. The stock had a trading volume of 161,385 shares. Apollo Global Management has a one year low of $13.83 and a one year high of $29.98. The stock’s 50-day moving average is $27.64 and its 200-day moving average is $25.41. The company has a market cap of $3.965 billion and a P/E ratio of 7.64.
Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, August 8th. The company reported $0.50 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.50. The company had revenue of $510.10 million for the quarter, compared to the consensus estimate of $453.54 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 135.0% on a year-over-year basis. On average, analysts predict that Apollo Global Management will post $3.68 earnings per share for the current fiscal year.
A number of other firms have also recently commented on APO. Analysts at Argus raised their price target on shares of Apollo Global Management (NYSE:APO) from $30.00 to $33.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Apollo Global Management (NYSE:APO) in a research note to investors on Wednesday, September 11th. They set an “overweight” rating and a $33.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Apollo Global Management (NYSE:APO) from $28.00 to $31.00 in a research note to investors on Friday, August 9th. Thirteen research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $31.14.
Apollo Global Management, LLC (NYSE:APO) is a global alternative asset manager.
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