Barclays Reiterates an 'Equalweight' on Apollo Group (APOL); Reviewing FY'11 10-K Filing
Tweet
Share
E-mailGet Alerts APOL Hot Sheet
Price: $10.00 --0%
Rating Summary:
5 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
5 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Join SI Premium – FREE
Barclays reiterates an 'Equalweight' on Apollo Group (NASDAQ: APOL) price target of $51.00.
Barclays analyst says, "Regarding the 10-K filing, there were no thesis-changing takeaways, with the filing largely summarizing the many regulatory and fundamental changes that have occurred in the last year. In addition, the financial disclosures pointed to continued healthy cash flows and returns on capital, despite the recent weak fundamental performance...We remain encouraged by APOL's progress with its quality initiatives."
"We maintain our $51 price target, or 15x our new CY'12 EPS estimate of $3.40. With this premium vs. the market despite expected profit declines over the next year, we would look to get more aggressive on dips to the low-mid $40s rather than arguing for a much higher valuation today."
For an analyst ratings summary and ratings history on Apollo click here. For more ratings news on Apollo click here.
Shares of Apollo Group closed at $47.67 yesterday.
Barclays analyst says, "Regarding the 10-K filing, there were no thesis-changing takeaways, with the filing largely summarizing the many regulatory and fundamental changes that have occurred in the last year. In addition, the financial disclosures pointed to continued healthy cash flows and returns on capital, despite the recent weak fundamental performance...We remain encouraged by APOL's progress with its quality initiatives."
"We maintain our $51 price target, or 15x our new CY'12 EPS estimate of $3.40. With this premium vs. the market despite expected profit declines over the next year, we would look to get more aggressive on dips to the low-mid $40s rather than arguing for a much higher valuation today."
For an analyst ratings summary and ratings history on Apollo click here. For more ratings news on Apollo click here.
Shares of Apollo Group closed at $47.67 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Keefe, Bruyette & Woods Upgrades Trustmark (TRMK) to Outperform
- Premier Financial Corp. (PFC) PT Raised to $22 at Piper Sandler
- Lithia Motors (LAD) PT Lowered to $310 at Craig-Hallum
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
