Piper Jaffray Cuts Price Target on American Public Education (APEI) to $24; Reiterates Neutral

August 10, 2016 9:02 AM EDT
Get Alerts APEI Hot Sheet
Price: $23.95 -1.24%

Rating Summary:
    6 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Piper Jaffray maintained a Neutral rating on American Public Education (NASDAQ: APEI), and cut the price target to $24.00 (from $25.00), following the company's 2Q earnings report. APEI reported EPS of $0.41 compared to estimates of $0.40.

Analyst Peter P. Appert commented, "Continued weak enrollment trends are weighing on APEI's operating results, with soft guidance for 3Q suggesting continued significant headwinds at both APU and Hondros College of Nursing. Given limited visibility into a turn in enrollments, we remain on the sidelines. Maintain Neutral rating; reduce estimates and price target."

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 $28.80 yesterday.

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