Apollo Global Management Coverage Initiated at Deutsche Bank (APO)
Investment analysts at Deutsche Bank assumed coverage on shares of Apollo Global Management (NYSE:APO) in a note issued to investors on Tuesday, Stock Ratings Network.com reports. The firm set a “hold” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer downgraded shares of Apollo Global Management from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, January 15th. They now have a $36.00 price target on the stock, down previously from $36.22. They noted that the move was a valuation call. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Apollo Global Management in a research note to investors on Tuesday, November 19th. They now have a $37.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of Apollo Global Management from $33.00 to $35.00 in a research note to investors on Tuesday, November 19th. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Apollo Global Management has an average rating of “Buy” and an average price target of $32.93.
Shares of Apollo Global Management (NYSE:APO) traded up 1.58% on Tuesday, hitting $32.24. The stock had a trading volume of 965,412 shares. Apollo Global Management has a one year low of $20.77 and a one year high of $36.51. The stock’s 50-day moving average is $32.54 and its 200-day moving average is $29.89. The company has a market cap of $4.633 billion and a P/E ratio of 7.54.
Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.93 by $0.41. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $676.90 million. During the same quarter last year, the company posted $0.98 earnings per share. Analysts expect that Apollo Global Management will post $4.53 EPS for the current fiscal year.
Apollo Global Management, LLC (NYSE:APO) is a global alternative asset manager.
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