Equities research analysts at Compass Point started coverage on shares of Apollo Group (NASDAQ: APOL) in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “sell” rating and a $15.00 price target on the stock.
The analysts wrote, “Apollo has now experienced ten consecutive quarters of declining enrollment growth, but we believe challenges remain. Its still-meaningful size remains an obstacle, consistently driving difficult new start comps; while the lack of incentive compensation, an increasing focus on regulatory outcomes, and a pull-back from lead aggregators have meaningfully limited recruiting efforts, in our view. Without clear visibility into when consistent new start growth will resume, we expect enrollment and earnings will continue to decline. As such, we believe the stock warrants a Sell rating, despite the recent pull-back.”
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet downgraded shares of Apollo Group from a “hold” rating to a “sell” rating in a research note to investors on Thursday, March 28th. Separately, analysts at Wells Fargo downgraded shares of Apollo Group from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, March 27th. Finally, analysts at Barclays Capital cut their price target on shares of Apollo Group from $26.00 to $23.00 in a research note to investors on Tuesday, March 26th. They now have an “overweight” rating on the stock.
Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Apollo Group currently has an average rating of “Hold” and an average price target of $22.75.
Apollo Group (NASDAQ: APOL) opened at 17.60 on Friday. Apollo Group has a 1-year low of $15.98 and a 1-year high of $38.34. The stock’s 50-day moving average is currently $17.42. The company has a market cap of $1.982 billion and a price-to-earnings ratio of 5.62.
Apollo Group (NASDAQ: APOL) last posted its quarterly earnings results on Monday, March 25th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.16. The company had revenue of $834.40 million for the quarter, compared to the consensus estimate of $822.80 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. Analysts expect that Apollo Group will post $2.72 EPS for the current fiscal year.
Apollo Group, Inc. (NASDAQ: APOL) is a private education provider.