Apollo Global Management Lowered to Neutral at Goldman Sachs (APO)
Apollo Global Management (NYSE:APO) was downgraded by investment analysts at Goldman Sachs from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.
In other Apollo Global Management news, Director Marc Rowan sold 1,117,749 shares of Apollo Global Management stock on the open market in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $25.55, for a total value of $28,558,486.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on APO. Analysts at Citigroup Inc. cut their price target on shares of Apollo Global Management from $34.00 to $32.00 in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Apollo Global Management from $29.00 to $27.00 in a research note on Friday, May 9th. They now have a “hold” rating on the stock. Finally, analysts at Evercore Partners cut their price target on shares of Apollo Global Management from $35.00 to $34.00 in a research note on Friday, May 9th. They now have an “overweight” rating on the stock. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $34.93.
Apollo Global Management (NYSE:APO) opened at 24.28 on Monday. Apollo Global Management has a one year low of $20.86 and a one year high of $36.51. The stock’s 50-day moving average is $28.16 and its 200-day moving average is $30.88. The company has a market cap of $3.620 billion and a P/E ratio of 8.78.
Apollo Global Management (NYSE:APO) last released its earnings data on Thursday, May 8th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.59 by $0.04. The company had revenue of $491.40 million for the quarter, compared to the consensus estimate of $525.05 million. During the same quarter in the prior year, the company posted $1.89 earnings per share. The company’s quarterly revenue was down 62.5% on a year-over-year basis. Analysts expect that Apollo Global Management will post $2.82 EPS for the current fiscal year.
Apollo Global Management, LLC (NYSE:APO) is a global alternative asset manager.
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