Apollo Group (NASDAQ:APOL)‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued to clients and investors on Friday, ARN reports. They currently have a $19.00 price objective on the stock. Zacks‘ price objective suggests a potential upside of 4.97% from the company’s current price.
Zacks‘ analyst wrote, “Apollo Group’s third-quarter fiscal 2013 earnings of $1.05 per share beat the Zacks Consensus Estimate of $0.85 by 23.5% on the back of solid cost control measures. However, earnings dropped 11% year over year due to weak revenues. Revenues declined 15.6% as new student start trends dropped further, declining 25% in the quarter. Moreover, the company witnessed continued soft start trends in June. Overall, we are positive about Apollo Group’s dominant market position and focus on offering relevant career oriented educational programs. Its accelerated efforts to right-size its business through significant layoffs and campus closings will make it more competitive in the long term. Apollo’s investments in adaptive learning, curriculum development, new learning systems and student service platforms should improve student value proposition and retention rates. Though encouraging, these initiatives have yet to result in sustainable enrollment growth. The lack of visibility on enrollment improvement and the possibility of regulatory changes keep us on the sidelines.”
A number of other analysts have also recently weighed in on APOL. Analysts at Barclays Capital downgraded shares of Apollo Group from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday, July 12th. They now have a $20.00 price target on the stock, down previously from $23.00. Separately, analysts at TheStreet upgraded shares of Apollo Group to a “hold” rating in a research note to investors on Friday, July 5th. Finally, analysts at Piper Jaffray Cos. cut their price target on shares of Apollo Group from $23.00 to $20.00 in a research note to investors on Thursday, June 27th. They now have a “neutral” rating on the stock.
One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.75.
Apollo Group (NASDAQ: APOL) traded up 0.61% on Friday, hitting $18.21. Apollo Group has a 1-year low of $15.98 and a 1-year high of $30.41. The stock’s 50-day moving average is currently $19.. The company has a market cap of $2.055 billion and a price-to-earnings ratio of 6.74.
Apollo Group (NASDAQ:APOL) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.20. The company had revenue of $946.80 million for the quarter, compared to the consensus estimate of $965.07 million. During the same quarter in the previous year, the company posted $1.20 earnings per share. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. On average, analysts predict that Apollo Group will post $2.85 earnings per share for the current fiscal year.
Apollo Group, Inc (NASDAQ: APOL) is a private education provider.
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