Apollo Global Management (NYSE:APO) Stock Price Expected to Rise, Evercore ISI Analyst Says

Apollo Global Management (NYSE:APO) had its target price increased by investment analysts at Evercore ISI from $150.00 to $174.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s price target points to a potential upside of 5.98% from the company’s current price.

Several other equities analysts have also recently commented on APO. Morgan Stanley boosted their price objective on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. BMO Capital Markets boosted their price target on shares of Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday. Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and cut their price target for the stock from $124.00 to $123.00 in a research note on Tuesday, August 6th. Finally, TD Cowen boosted their price objective on shares of Apollo Global Management from $135.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.44.

Apollo Global Management Stock Performance

APO stock traded up $14.91 during mid-day trading on Wednesday, hitting $164.18. The company had a trading volume of 4,387,090 shares, compared to its average volume of 2,615,226. The firm has a market cap of $93.51 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.55 and a beta of 1.59. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. Apollo Global Management has a 12 month low of $82.71 and a 12 month high of $166.72. The stock’s fifty day moving average price is $129.21 and its two-hundred day moving average price is $119.76.

Institutional Trading of Apollo Global Management

Several institutional investors have recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in shares of Apollo Global Management in the 2nd quarter worth approximately $35,000. Compagnie Lombard Odier SCmA bought a new position in shares of Apollo Global Management in the 3rd quarter worth approximately $35,000. J.Safra Asset Management Corp lifted its stake in shares of Apollo Global Management by 709.3% in the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 305 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of Apollo Global Management by 293.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 346 shares during the period. Finally, Orion Capital Management LLC raised its stake in Apollo Global Management by 20.0% during the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 100 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.