American Public Education, Inc. (NASDAQ:APEI) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $28.00 price target on the stock. Zacks Investment Research‘s price target indicates a potential upside of 14.05% from the company’s previous close.
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.”
Other analysts also recently issued research reports about the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $19.00 price objective on shares of American Public Education in a research report on Friday, August 11th. ValuEngine raised shares of American Public Education from a “hold” rating to a “buy” rating in a research report on Thursday. BidaskClub cut American Public Education from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $26.00 target price on shares of American Public Education in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.67.
American Public Education (NASDAQ:APEI) traded up $0.90 on Monday, reaching $24.55. 61,700 shares of the company were exchanged, compared to its average volume of 64,574. American Public Education has a 12-month low of $17.40 and a 12-month high of $27.20. The firm has a market cap of $399.38, a P/E ratio of 20.46, a PEG ratio of 2.35 and a beta of 1.13.
American Public Education (NASDAQ:APEI) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.06. American Public Education had a net margin of 6.54% and a return on equity of 7.20%. The company had revenue of $73.28 million during the quarter, compared to the consensus estimate of $71.06 million. During the same quarter last year, the company earned $0.02 earnings per share. American Public Education’s revenue for the quarter was down .7% on a year-over-year basis. equities analysts predict that American Public Education will post 1.05 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in shares of American Public Education by 28.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 32,127 shares of the company’s stock valued at $760,000 after buying an additional 7,206 shares during the last quarter. FMR LLC boosted its stake in shares of American Public Education by 27.4% during the 2nd quarter. FMR LLC now owns 803,108 shares of the company’s stock valued at $18,994,000 after buying an additional 172,608 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of American Public Education by 6.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,472,157 shares of the company’s stock valued at $34,817,000 after buying an additional 91,767 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of American Public Education by 3.3% during the 1st quarter. Geode Capital Management LLC now owns 119,094 shares of the company’s stock valued at $2,727,000 after buying an additional 3,838 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of American Public Education by 5.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 64,046 shares of the company’s stock valued at $1,467,000 after buying an additional 3,420 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.
American Public Education Company Profile
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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