Apollo Global Management Price Target Increased to $32.00 by Analysts at Keefe, Bruyette & Woods (APO)
Equities researchers at Keefe, Bruyette & Woods hoisted their target price on shares of Apollo Global Management (NYSE:APO) from $31.00 to $32.00 in a research report issued on Monday, American Banking & Market News reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 4.58% from the stock’s previous close.
APO has been the subject of a number of other recent research reports. Analysts at Credit Suisse set a $45.00 price target on shares of Apollo Global Management in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Evercore Partners initiated coverage on shares of Apollo Global Management in a research note to investors on Friday. They set an “overweight” rating and a $35.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Apollo Global Management in a research note to investors on Thursday, September 26th. They now have a $34.00 price target on the stock. Sixteen research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $32.13.
Shares of Apollo Global Management (NYSE:APO) traded down 0.29% during mid-day trading on Monday, hitting $30.60. 1,458,905 shares of the company’s stock traded hands. Apollo Global Management has a one year low of $13.83 and a one year high of $31.19. The stock’s 50-day moving average is $28.01 and its 200-day moving average is $25.93. The company has a market cap of $4.339 billion and a price-to-earnings ratio of 8.44.
Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.50 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.05 earnings per share. Apollo Global Management’s revenue was up 135.0% compared to the same quarter last year. On average, analysts predict that Apollo Global Management will post $3.81 earnings per share for the current fiscal year.
Apollo Global Management, LLC (NYSE:APO) is a global alternative asset manager.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.