Wells Fargo Defends Apollo Education (APOL); Believe Trends Are Moving Gradually In Right Direction
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Price: $20.99 +0.67%
Rating Summary:
4 Buy, 14 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
4 Buy, 14 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade APOL Now!
Wells Fargo maintains an 'Outperform' on Apollo Education (NASDAQ: APOL) price target range maintained at $37-$41.
Analyst, Trace A. Urdan, said, "As the largest, most liquid, and best known name in the higher education group, Apollo is poised to benefit first and most fully as investor confidence in the sector rebounds from the bottom. We believe that the company can establish a consistent pace of unit volume growth capable of driving high single digit revenue growth and low double-digit earnings growth. This paired with a consistent return of free cash to owners, should result in a potential investment return approaching 15%."
Urdan cut Q4 EPS estimate from $0.56 to $0.51, raises FY12 EPS estimate from $3.40 to $3.60 and FY13 from $3.41 to $3.45
For an analyst ratings summary and ratings history on Apollo Education click here. For more ratings news on Apollo Education click here.
Shares of Apollo Education closed at $32.47 yesterday, with a 52 week range of $30.93-$58.29.
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Analyst, Trace A. Urdan, said, "As the largest, most liquid, and best known name in the higher education group, Apollo is poised to benefit first and most fully as investor confidence in the sector rebounds from the bottom. We believe that the company can establish a consistent pace of unit volume growth capable of driving high single digit revenue growth and low double-digit earnings growth. This paired with a consistent return of free cash to owners, should result in a potential investment return approaching 15%."
Urdan cut Q4 EPS estimate from $0.56 to $0.51, raises FY12 EPS estimate from $3.40 to $3.60 and FY13 from $3.41 to $3.45
For an analyst ratings summary and ratings history on Apollo Education click here. For more ratings news on Apollo Education click here.
Shares of Apollo Education closed at $32.47 yesterday, with a 52 week range of $30.93-$58.29.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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