Barclays Defends American Public Education (APEI); Suggests Buying Aggressively on Weakness

May 11, 2012 2:36 PM EDT Send to a Friend
Get Alerts APEI Hot Sheet
Price: $34.04 -1.96%

Rating Summary:
    7 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 12 | New: 23
Trade APEI Now!
Join SI Premium – FREE
Barclays reiterates an 'Overweight' on American Public Education (NASDAQ: APEI) price target lowered from $46 to $42.

Analyst, Gary E. Bisbee, said, "APEI reported good 1Q'12 results with revenue, margins and EPS all above estimates. However, the company's 2Q'12 guidance called for a sharp deceleration in new students and also EPS below consensus expectations. We believe that this is due to efforts to prevent "stipend chasers", which is the right strategy. We would use any weakness today as a buying opportunity..."

Barclays slightly lowers FY12 EPS estimate from $2.24 to $2.22 and FY13 from $2.64 to $2.58.

For an analyst ratings summary and ratings history on American Public Education click here. For more ratings news on American Public Education click here.

Shares of American Public Education closed at $31.87 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Barclays

Add Your Comment