Apollo Group, Inc. (APOL) Given New $46.00 Price Target by Barclays Capital (BCS) Analysts.
Wednesday, August 24, 2021 2:55 PM

Equities research analysts at Barclays Capital (NYSE: BCS) lowered their price target on shares of Apollo Group, Inc. (NASDAQ: APOL) from $48.00 to $46.00 in a research note to investors on Wednesday. The analysts currently have an "equal weight" rating on the stock.

Separately, analysts at Wunderlich initiated coverage on shares of Apollo Group, Inc. in a research note to investors on Friday, August 12nd. They set a "hold" rating and a $49.00 price target on the stock. Also, analysts at Sterne Agee reiterated a "neutral" rating on shares of Apollo Group, Inc. in a research note to investors on Friday, July 1st.

Shares of Apollo Group, Inc. traded up 0.73% during mid-day trading on Thursday, hitting $45.76. Apollo Group, Inc. has a 52 week low of $33.75 and a 52 week high of $54.23. The stock's 50-day moving average is $48.29 and its 200-day moving average is $43.79. The company has a market cap of $6.304 billion and a price-to-earnings ratio of 15.44.

Apollo Group, Inc. last announced its quarterly results on Thursday, June 30th. The company reported $1.45 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.33 EPS by $0.12. The company’s quarterly revenue was down 7.6% on a year-over-year basis. On average, analysts predict that Apollo Group, Inc. will post $1.12 EPS next quarter.

Apollo Group, Inc. (Apollo Group) is a private education provider. The Company offers educational programs and services both online and on-campus at the undergraduate, master’s and doctoral levels through its wholly owned subsidiaries, The University of Phoenix, Inc. (University of Phoenix); Institute for Professional Development (IPD); The College for Financial Planning Institutes Corporation (CFFP), and Meritus University, Inc. (Meritus). Apollo Group also formed a joint venture with The Carlyle Group (Carlyle), called Apollo Global, Inc. (Apollo Global), to pursue investments primarily in the international education services industry. Apollo Group owns 85.6% of Apollo Global, with Carlyle owning the remaining 14.4%. University of Phoenix offers associate’s, bachelor’s, master’s and doctoral degrees in a variety of program areas. IPD provides program development, administration and management consulting services to private colleges and universities.

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