Apollo Group Upgraded by Ned Davis Research to Buy (APOL)
Apollo Group (NASDAQ:APOL) was upgraded by equities research analysts at Ned Davis Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Apollo Group from $24.00 to $28.00 in a research note to investors on Wednesday, January 8th. They now have a “hold” rating on the stock. Separately, 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, January 8th. They now have a $30.00 price target on the stock, up previously from $20.00. Finally, 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. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $26.43.
In other Apollo Group news, CFO Brian L. Swartz sold 50,500 shares of Apollo Group stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $30.49, for a total transaction of $1,539,745.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Apollo Group (NASDAQ:APOL) traded up 0.33% on Monday, hitting $30.52. The stock had a trading volume of 2,337,631 shares. Apollo Group has a 1-year low of $15.98 and a 1-year high of $31.94. The stock has a 50-day moving average of $26.75 and a 200-day moving average of $22.43. The company has a market cap of $3.439 billion and a P/E ratio of 16.14.
Apollo Group (NASDAQ:APOL) last released its earnings data on Tuesday, January 7th. The company reported $1.04 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.22 earnings per share. Apollo Group’s revenue was down 18.8% compared to the same quarter last year. On average, analysts predict that Apollo Group will post $2.24 earnings per share for the current fiscal year.
Apollo Group, Inc (NASDAQ:APOL) is a private education provider.
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