Apollo Education Group Price Target Cut to $33.00 (APOL)

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Equities researchers at Robert W. Baird cut their price objective on shares of Apollo Education Group (NASDAQ:APOL) from $36.00 to $33.00 in a research report issued on Wednesday, Analyst Ratings Network reports. Robert W. Baird’s price target indicates a potential upside of 18.45% from the company’s current price.

Shares of Apollo Education Group (NASDAQ:APOL) opened at 27.86 on Wednesday. Apollo Education Group has a 52-week low of $16.88 and a 52-week high of $35.92. The stock’s 50-day moving average is $32.64 and its 200-day moving average is $28.34. The company has a market cap of $3.101 billion and a price-to-earnings ratio of 15.17.

Apollo Education Group (NASDAQ:APOL) last posted its quarterly earnings results on Tuesday, April 1st. The company reported $0.13 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.06. The company had revenue of $679.10 million for the quarter, compared to the consensus estimate of $689.04 million. During the same quarter last year, the company posted $0.34 earnings per share. Apollo Education Group’s revenue was down 18.6% compared to the same quarter last year. Analysts expect that Apollo Education Group will post $2.32 EPS for the current fiscal year.

In other Apollo Education Group news, Insider John Sperling sold 535,000 shares of Apollo Education Group stock on the open market in a transaction dated Friday, April 4th. The shares were sold at an average price of $31.87, for a total transaction of $17,050,450.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

APOL has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. raised their price target on shares of Apollo Education Group from $30.00 to $35.00 in a research note on Wednesday, April 2nd. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Apollo Education Group from $32.00 to $38.00 in a research note on Wednesday, April 2nd. Finally, analysts at TheStreet upgraded shares of Apollo Education Group to a “hold” rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Apollo Education Group has a consensus rating of “Hold” and an average price target of $33.82.

Apollo Education Group, Inc offers educational programs and services, online and on-campus, at the undergraduate, master’s and doctoral levels.

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