Barclays Downgrades Apollo Group to Underweight (APOL)
Apollo Group (NASDAQ:APOL) was downgraded by analysts at Barclays to an “underweight” rating in a research report issued to clients and investors on Wednesday, AmericanBankingNews.com reports.
A number of other firms have also recently commented on APOL. Analysts at Zacks upgraded shares of Apollo Group from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, January 24th. They now have a $42.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Apollo Group from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 13th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Apollo Group currently has an average rating of “Hold” and an average price target of $30.00.
Apollo Group (NASDAQ:APOL) opened at 33.60 on Wednesday. Apollo Group has a 52 week low of $15.98 and a 52 week high of $35.92. The stock’s 50-day moving average is $29.07 and its 200-day moving average is $23.57. The company has a market cap of $3.786 billion and a price-to-earnings ratio of 17.49.
Apollo Group (NASDAQ:APOL) last released its earnings data 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 $2.27 EPS for the current fiscal year.
Apollo Group, Inc (NASDAQ:APOL) is a private education provider.
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