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Stock analysts at JMP Securities decreased their price target on shares of Apollo Global Management (NYSE:APO) from $41.00 to $38.00 in a report issued on Friday. JMP Securities’ price objective would suggest a potential upside of 48.44% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of Apollo Global Management from a “buy” rating to a “neutral” rating in a research note on Wednesday. Separately, analysts at TheStreet downgraded shares of Apollo Global Management to a “sell” rating in a research note on Thursday, May 29th. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Apollo Global Management from $38.00 to $33.00 in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $35.23.

Apollo Global Management (NYSE:APO) traded up 0.78% during mid-day trading on Friday, hitting $25.80. 294,111 shares of the company’s stock traded hands. Apollo Global Management has a 1-year low of $24.06 and a 1-year high of $36.51. The stock has a 50-day moving average of $26.65 and a 200-day moving average of $29.74. The company has a market cap of $3.847 billion and a P/E ratio of 9.20. Apollo Global Management also saw a significant drop in short interest in June. As of June 13th, there was short interest totalling 1,739,815 shares, a drop of 83.2% from the May 30th total of 10,326,218 shares. Based on an average trading volume of 1,444,945 shares, the short-interest ratio is currently 1.2 days. Approximately 1.2% of the company’s stock are short sold.

Apollo Global Management (NYSE:APO) last released its earnings data on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.89 earnings per share. The company’s revenue for the quarter was down 62.5% on a year-over-year basis. Analysts expect that Apollo Global Management will post $2.66 EPS for the current fiscal year.

Apollo Global Management, LLC (NYSE:APO) is a global alternative asset manager.

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