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

May 11, 2012 2:36 PM EDT
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Price: $24.45 +2.09%

Rating Summary:
    6 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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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.

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