Deutsche Bank Downgrades Apollo Education (APOL) to Hold; Rising Uncertainty
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Price: $10.00 --0%
Rating Summary:
5 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank downgraded Apollo Education (NASDAQ: APOL) from Buy to Hold with a price target cut from $60 to $45.
Deutsche analyst, says, "We believe that much of the reason for the Feb. quarter miss was Apollo's strategy to increase the quality of its new enrollment. We think the improving labor market is also hurting, but is more of a cal2H12 headwind, while the competitive environment gradually gets tougher as time passes. We now believe FY2H12E enrollment will be negative YoY. We have lowered cal12E EPS from $3.46 to $2.87. We think cal12E EPS will be the trough and value the stock on 15x cal13E EPS of $2.96."
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 $43.04 yesterday.
Deutsche analyst, says, "We believe that much of the reason for the Feb. quarter miss was Apollo's strategy to increase the quality of its new enrollment. We think the improving labor market is also hurting, but is more of a cal2H12 headwind, while the competitive environment gradually gets tougher as time passes. We now believe FY2H12E enrollment will be negative YoY. We have lowered cal12E EPS from $3.46 to $2.87. We think cal12E EPS will be the trough and value the stock on 15x cal13E EPS of $2.96."
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 $43.04 yesterday.
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