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 on Monday. The firm presently has a $28.00 price objective on the stock. Zacks Investment Research‘s price objective would suggest 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.”
Several other equities research analysts have also weighed in on the company. ValuEngine raised American Public Education from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. BMO Capital Markets lifted their target price on American Public Education from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, November 8th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $26.00 target price on shares of American Public Education in a report on Tuesday, October 17th. Finally, BidaskClub lowered American Public Education from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.67.
American Public Education (NASDAQ APEI) traded up $0.20 during midday trading on Monday, hitting $24.55. The stock had a trading volume of 64,100 shares, compared to its average volume of 64,506. American Public Education has a 12 month low of $17.40 and a 12 month high of $27.20. The company has a market cap of $396.12, a PE ratio of 20.29, a price-to-earnings-growth ratio of 2.33 and a beta of 1.13.
American Public Education (NASDAQ:APEI) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. American Public Education had a return on equity of 7.20% and a net margin of 6.54%. The company had revenue of $73.28 million during the quarter, compared to analyst estimates of $71.06 million. During the same quarter last year, the firm posted $0.02 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. sell-side analysts expect that American Public Education will post 1.05 earnings per share for the current year.
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A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of American Public Education by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,167,178 shares of the company’s stock worth $24,569,000 after purchasing an additional 5,462 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of American Public Education by 3.1% during the second quarter. Renaissance Technologies LLC now owns 841,600 shares of the company’s stock worth $19,904,000 after purchasing an additional 25,700 shares in the last quarter. FMR LLC grew its holdings in shares of American Public Education by 27.4% during the second quarter. FMR LLC now owns 803,108 shares of the company’s stock worth $18,994,000 after purchasing an additional 172,608 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of American Public Education by 4.6% during the second quarter. State Street Corp now owns 401,804 shares of the company’s stock worth $9,503,000 after purchasing an additional 17,760 shares in the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.
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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