Zacks Investment Research upgraded shares of American Public Education, Inc. (NASDAQ:APEI) from a hold rating to a strong-buy rating in a report released on Monday morning. Zacks Investment Research currently has $28.00 price objective on the stock.
According to Zacks, “American Public Education’s third-quarter earnings surpassed the Zacks Consensus Estimate by 28.6% and revenues beat the same by 2.9%. Revenues however declined 0.7% year over year owing to lower contribution from American Public University System (APUS). Hondros College of Nursing revenues increased 25.4% from the prior-year quarter on increased enrollments and higher revenue per student resulting from a change in program mix and other factors. Though net course registrations at APUS declined 4%, the rate of decline is less compared to that in the second quarter and over the last three quarters. Total enrollment at the Hondros College Nursing Programs increased 11% year over year to 1,790 students, while new student enrollment rose 58% year over year. The company has taken up several initiatives to boost its top line. It will continue to improve enrollment trends by adding new programs and expanding its strategic relationships.”
APEI has been the topic of a number of other reports. Piper Jaffray Companies reaffirmed a hold rating and issued a $26.00 target price on shares of American Public Education in a research report on Tuesday, October 17th. BidaskClub downgraded shares of American Public Education from a hold rating to a sell rating in a research report on Wednesday, August 2nd. ValuEngine raised shares of American Public Education from a hold rating to a buy rating in a research report on Wednesday, September 27th. Finally, BMO Capital Markets increased their target price on shares of American Public Education from $19.00 to $20.00 and gave the company a market perform rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $24.67.
Shares of American Public Education (APEI) traded down $0.20 on Monday, hitting $24.35. 50,100 shares of the stock were exchanged, compared to its average volume of 64,508. American Public Education has a fifty-two week low of $17.40 and a fifty-two week high of $27.20. The firm has a market cap of $393.68, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13.
American Public Education (NASDAQ:APEI) last posted its earnings results on Tuesday, November 7th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.06. The firm had revenue of $73.28 million for the quarter, compared to the consensus estimate of $71.06 million. American Public Education had a net margin of 6.54% and a return on equity of 7.20%. The company’s revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted $0.02 EPS. analysts anticipate that American Public Education will post 1.05 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of APEI. Alliancebernstein L.P. grew its position in American Public Education by 236.1% during the 1st quarter. Alliancebernstein L.P. now owns 63,587 shares of the company’s stock worth $1,456,000 after purchasing an additional 44,670 shares during the last quarter. OppenheimerFunds Inc. purchased a new position in American Public Education during the 1st quarter worth $258,000. Principal Financial Group Inc. grew its position in American Public Education by 4.3% during the 1st quarter. Principal Financial Group Inc. now owns 123,896 shares of the company’s stock worth $2,837,000 after purchasing an additional 5,137 shares during the last quarter. FMR LLC grew its position in American Public Education by 110.0% during the 1st quarter. FMR LLC now owns 630,500 shares of the company’s stock worth $14,438,000 after purchasing an additional 330,285 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in American Public Education by 7.0% during the 1st quarter. Teachers Advisors LLC now owns 32,143 shares of the company’s stock worth $736,000 after purchasing an additional 2,094 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors.
About American Public Education
American Public Education, Inc provides online and on-campus postsecondary education. The Company provides postsecondary education through its subsidiary institutions, American Public University System, Inc (APUS) and Hondros College of Nursing (HCON). It operates through two segments: American Public Education Segment, which consists of the operational activities of APUS, other corporate activities, and minority investments, and Hondros College of Nursing Segment, which consists of the operational activities of HCON.
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