Apollo Global Management Rating Reiterated by Deutsche Bank (APO)
Apollo Global Management (NYSE:APO)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Monday. They currently have a $25.00 target price on the stock, down from their previous target price of $27.00. Deutsche Bank’s price objective would suggest a potential downside of 2.42% from the company’s current price.
A number of other analysts have also recently weighed in on APO. Analysts at JMP Securities cut their price target on shares of Apollo Global Management from $41.00 to $38.00 in a research note on Friday. They now have a “market outperform” rating on the stock. Separately, analysts at Citigroup Inc. downgraded shares of Apollo Global Management from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 9th. Finally, analysts at TheStreet downgraded shares of Apollo Global Management to a “sell” rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $35.08.
Apollo Global Management (NYSE:APO) traded up 3.90% on Monday, hitting $26.62. 864,811 shares of the company’s stock traded hands. Apollo Global Management has a one year low of $24.06 and a one year high of $36.51. The stock has a 50-day moving average of $26.68 and a 200-day moving average of $29.70. The company has a market cap of $3.969 billion and a price-to-earnings ratio of 9.21.
Apollo Global Management (NYSE:APO) last posted its quarterly earnings results 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 $2.65 EPS for the current fiscal year.
Apollo Global Management, LLC (NYSE:APO) is a global alternative asset manager.
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