Apollo Global Management (NYSE:APO) Downgraded to Sell at StockNews.com

Apollo Global Management (NYSE:APOGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Other analysts have also issued reports about the company. Zacks Investment Research lowered Apollo Global Management from a “strong-buy” rating to a “hold” rating in a research note on Monday. Oppenheimer raised Apollo Global Management from a “market perform” rating to an “outperform” rating and set a $64.00 price target on the stock in a research note on Wednesday, April 13th. Wells Fargo & Company decreased their price target on Apollo Global Management from $85.00 to $71.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 19th. Citigroup decreased their price target on Apollo Global Management from $105.00 to $87.50 and set a “buy” rating on the stock in a research note on Tuesday, April 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Apollo Global Management from $95.00 to $98.00 in a research note on Friday, May 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $80.72.

APO opened at $54.80 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.26. The firm has a market cap of $31.29 billion, a P/E ratio of 17.56, a PEG ratio of 0.54 and a beta of 1.64. Apollo Global Management has a 52 week low of $49.18 and a 52 week high of $81.07. The business’s fifty day simple moving average is $57.63 and its 200 day simple moving average is $65.63.

Apollo Global Management (NYSE:APOGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The financial services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.48. Apollo Global Management had a return on equity of 30.91% and a net margin of 6.39%. During the same quarter last year, the company earned $0.66 EPS. As a group, equities analysts expect that Apollo Global Management will post 5.75 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in APO. Evoke Wealth LLC purchased a new stake in shares of Apollo Global Management during the 4th quarter valued at about $25,000. Byrne Asset Management LLC purchased a new stake in shares of Apollo Global Management during the 4th quarter valued at about $25,000. Clearstead Advisors LLC purchased a new stake in shares of Apollo Global Management during the 4th quarter valued at about $27,000. Parkside Financial Bank & Trust raised its holdings in shares of Apollo Global Management by 7,183.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock valued at $27,000 after buying an additional 431 shares during the period. Finally, McIlrath & Eck LLC purchased a new stake in shares of Apollo Global Management during the 1st quarter valued at about $28,000. Institutional investors own 61.48% of the company’s stock.

Apollo Global Management Company Profile (Get Rating)

Apollo Global Management, Inc is a private equity firm specializing investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

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