Barclays Defends American Public Education (APEI); Suggests Buying Aggressively on Weakness
Tweet
Share
E-mailGet Alerts APEI Hot Sheet
Price: $45.23 --0%
Rating Summary:
14 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
Rating Summary:
14 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Deutsche Bank Downgrades Workday (WDAY) to Hold
- QBE Insurance Group Ltd. (QBE:AU) (QBEIF) PT Lowered to AUD26.50 at JPMorgan
- Johnson Rice Upgrades Magnolia Oil & Gas Corp. (MGY) to Accumulate
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated 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!
