Apollo Group Given New $24.00 Price Target at Deutsche Bank (APOL)
Deutsche Bank hoisted their target price on shares of Apollo Group (NASDAQ:APOL) from $18.00 to $24.00 in a research note issued on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target suggests a potential upside of 14.61% from the stock’s previous close.
Apollo Group (NASDAQ:APOL) traded up 24.71% during mid-day trading on Wednesday, hitting $26.115. 20,765,076 shares of the company’s stock traded hands. Apollo Group has a 1-year low of $15.98 and a 1-year high of $30.05. The stock’s 50-day moving average is $19.39 and its 200-day moving average is $18.7. The company has a market cap of $2.947 billion and a P/E ratio of 7.80. Apollo Group also was the recipient of unusually large options trading activity on Monday. Traders bought 13,255 put options on the stock. This is an increase of 627% compared to the typical volume of 1,824 put options.
Apollo Group (NASDAQ:APOL) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.06. The company had revenue of $845.00 million for the quarter, compared to the consensus estimate of $823.60 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was down 15.2% on a year-over-year basis. Analysts expect that Apollo Group will post $2.85 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on APOL. Analysts at Stifel Nicolaus upgraded shares of Apollo Group from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $30.00 price target on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Apollo Group in a research note to investors on Wednesday, October 16th. They set a “neutral” rating on the stock. Finally, analysts at Evercore Partners initiated coverage on shares of Apollo Group in a research note to investors on Friday, October 11th. They set an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. Apollo Group presently has an average rating of “Hold” and a consensus target price of $23.56.
Apollo Group, Inc (NASDAQ:APOL) is a private education provider.
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