Dallas, Texas 04/30/2014 (FINANCIALSTRENDS) – Apollo Global Management LLC (NYSE:APO) which is best known for the worldwide alternative asset management services it provides, has since received consensus rating of ‘buy.’
Covering Apollo’s potential growth over the next few quarters were 19 analysts. Of them, five were equity research equities which have rated a ‘Hold’ recommendation, while eleven other have offered a ‘Buy’ rating.
On an average, these analysts have indicated a 12-month target price of $35.12.
Apollo Global Management LLC (NYSE:APO) has also been target of several analyst research notes and commentaries as well. JP Morgan Chase and Co. has since lowered its target price from $35.50 to $31.00. It has also placed ‘overweight’ on this stock for some time now. Other analysts covering this stock are – Deutsche Bank which has fixed the price target at $29.00 from its earlier $32.00.
Apollo Global Management LLC (NYSE:APO)has also received ‘hold’ rating from Citigroup Inc. This analyst now has $29.00 price target for the stock, after it was down by $32.00 recently.
Peers and competition
The company is seen in action against such companies as The Carlyle Group LP, besides KKR & Co LP, as well as OZM. The company has been focused on being active in private equity as well as capital and markets, besides real estate funds.
The stock has a market capital of $4.04 billion, while its Profit to earnings ratio is 6.98. The EPS for this share is 3.89, while the outstanding share the company owns is 148.95 million. Beta for this stock is 2.18.
The stock trades on the stock market at price ranges of $27.00 and $27.44 high over an average day. The 52 week price range is $20.86 and $36.51. At the start of the trading session the stock opened on the market at $27.44 per share and has noted loss over the past trading session.