American Public Education Upgraded to “Outperform” by Zacks (APEI)
American Public Education (NASDAQ:APEI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, AnalystRatings.NET reports. The firm currently has a $43.00 target price on the stock. Zacks‘ price objective would suggest a potential upside of 19.44% from the company’s current price.
Zacks‘ analyst wrote, “We upgrade our recommendation on American Public Education to Outperform following appraisal of its second-quarter 2013 earnings of $0.60 per share which beat the Zacks Consensus Estimate by 3.5% and increased 17.6% year over year on the back of top-line growth. Total revenue went up 9% year on year. We have faith in the company’s long term fundamentals. The company’s efforts to reduce frauds and student abuse help to lower cost and bad debt of the company. The company’s strategy of diversifying its student population is also encouraging. Moreover, the company’s acquisition of Hondros college is also encouraging as it is expected to further consolidate the company’s position in the healthcare, nursing and public education sector.”
American Public Education (NASDAQ:APEI) traded down 2.22% on Tuesday, hitting $35.20. 165,536 shares of the company’s stock traded hands. American Public Education has a 52 week low of $29.20 and a 52 week high of $42.17. The stock’s 50-day moving average is $38.4 and its 200-day moving average is $37.62. The company has a market cap of $621.4 million and a P/E ratio of 14.00.
American Public Education (NASDAQ:APEI) last released its earnings data on Thursday, August 8th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.02. The company had revenue of $80.90 million for the quarter, compared to the consensus estimate of $82.69 million. During the same quarter last year, the company posted $0.51 earnings per share. American Public Education’s revenue was up 8.4% compared to the same quarter last year. On average, analysts predict that American Public Education will post $2.52 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus downgraded shares of American Public Education from a “buy” rating to a “hold” rating in a research note to investors on Friday, September 20th. They now have a $42.00 price target on the stock. Analysts at Deutsche Bank cut their price target on shares of American Public Education from $42.00 to $40.00 in a research note to investors on Monday, August 12th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $40.80.
American Public Education, Inc, is a provider of online postsecondary education with an emphasis on serving the needs of the military and public service communities.
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