Apollo Group PT Raised to $28.00 at Deutsche Bank (APOL)
Analysts at Deutsche Bank increased their target price on shares of Apollo Group (NASDAQ:APOL) from $24.00 to $28.00 in a research report issued to clients and investors on Wednesday, ARN reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 3.95% from the company’s current price.
Apollo Group (NASDAQ:APOL) traded up 13.27% during mid-day trading on Wednesday, hitting $30.51. 10,187,088 shares of the company’s stock traded hands. Apollo Group has a 52 week low of $15.98 and a 52 week high of $29.07. The stock’s 50-day moving average is $26.21 and its 200-day moving average is $22.07. The company has a market cap of $3.461 billion and a P/E ratio of 12.30.
Apollo Group (NASDAQ:APOL) last posted its quarterly earnings results on Tuesday, January 7th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13. The company had revenue of $856.30 million for the quarter, compared to the consensus estimate of $860.58 million. During the same quarter in the previous year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was down 18.8% on a year-over-year basis. Analysts expect that Apollo Group will post $2.09 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Compass Point upgraded shares of Apollo Group from a “sell” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $30.00 price target on the stock, up previously from $20.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Apollo Group in a research note to investors on Tuesday, November 5th. They now have a $27.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $26.88.
Apollo Group, Inc (NASDAQ:APOL) is a private education provider.
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