American Public Education (APEI) Investors Follow Developments on Military's TAP

March 19, 2013 3:35 PM EDT Send to a Friend
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Price: $30.20 -0.43%

Rating Summary:
    7 Buy, 6 Hold, 0 Sell

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Today's Overall Ratings:
    Up: 16 | Down: 17 | New: 15
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Wells Fargo today maintained a Market Perform American Public Education (NASDAQ: APEI). Analyst Trace A. Urdan noted a recent failed vote to restore the Military's tuition assistance program, as budget talks continue in Washington.

"It now appears as though cuts announced for the Army, Air Force, Marines and Coast Guard will remain in place indefinitely. Nevertheless political pressure remains strong, with the White House receiving 100,000 signatures on its 'We The People' Website calling on the President to restore the programs," said Urdan.

He thinks sell-side estimates on American Public Education are likely to move lower as clarity on the situation improves.

For an analyst ratings summary and ratings history on American Public Education (NASDAQ: APEI) click here. For more ratings news on American Public Education click here.

Shares of American Public Education closed at $31.80 yesterday.

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