Apollo Global Management Price Target Cut to $38.00 (APO)
Investment analysts at BMO Capital Markets reduced their price objective on shares of Apollo Global Management (NYSE:APO) from $41.00 to $38.00 in a note issued to investors on Friday, AmericanBankingNews.com reports. BMO Capital Markets’ price objective points to a potential upside of 19.12% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank initiated coverage on shares of Apollo Global Management in a research note to investors on Tuesday, January 28th. They set a “hold” rating and a $31.00 price target on the stock. Separately, 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. Finally, 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. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Apollo Global Management presently has an average rating of “Buy” and a consensus target price of $33.25.
Shares of Apollo Global Management (NYSE:APO) opened at 31.90 on Friday. Apollo Global Management has a 52 week low of $20.86 and a 52 week high of $36.51. The stock has a 50-day moving average of $33.00 and a 200-day moving average of $30.24. The company has a market cap of $4.584 billion and a P/E ratio of 7.55.
Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Friday, February 7th. The company reported $1.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.80 by $0.26. The company had revenue of $795.15 million for the quarter, compared to the consensus estimate of $656.79 million. During the same quarter last year, the company posted $1.12 earnings per share. Apollo Global Management’s revenue was down 31.4% compared to the same quarter last year. On average, analysts predict that Apollo Global Management will post $4.54 earnings per share for the current fiscal year.
Apollo Global Management, LLC (NYSE:APO) is a global alternative asset manager.
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