A statement released earlier today by Zacks Investment Research about Apollo Global Management LLC (NYSE:APO) raises the target price to $22.00
- Updated: November 30, 2016
Yesterday Apollo Global Management LLC (NYSE:APO) traded -0.16% lower at $19.26. The company’s 50-day moving average is $18.50 and its 200-day moving average is $17.43. The last closing price is up 10.47% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 913,038 shares of the stock were exchanged, up from an average trading volume of 654,059
Apollo Global Management LLC (NYSE:APO) had its target price raised to $22.00 by Zacks Investment Research in a report released 11/30/2016. The new target price indicates a possible upside of 0.14% based on the company's last closing price.
Previously on 02/09/2016, Deutsche Bank reported on Apollo Global Management LLC (NYSE:APO) lowered the target price from $13.00 to $12.00. At the time, this indicated a possible downside of -0.08%.
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Apollo Global Management LLC has a 52 week low of $12.35 and a 52 week high of $20.01 with a P/E ratio of 15.31 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 13 brokers have issued a report on the stock. The consensus target price is $20.65 with 3 firms rating the stock a strong buy, 3 brokerages rating the stock a buy, 10 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Apollo Global Management LLC (NYSE:APO)
Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company operates through three segments: Private equity, Credit and Real estate. The Private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt instruments. The Credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed instruments across the capital structure. The Real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities.
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