TD Cowen Forecasts Strong Price Appreciation for Apollo Global Management (NYSE:APO) Stock

Apollo Global Management (NYSE:APO) had its target price increased by analysts at TD Cowen from $165.00 to $178.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. TD Cowen’s price target would suggest a potential upside of 11.33% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. Morgan Stanley upped their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Barclays increased their target price on Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a research note on Wednesday. Keefe, Bruyette & Woods increased their price objective on Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday. Redburn Atlantic began coverage on Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price target on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Stock Down 2.3 %

APO stock opened at $159.88 on Wednesday. The business has a 50 day moving average of $131.14 and a 200 day moving average of $120.34. The firm has a market cap of $91.06 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.53 and a beta of 1.59. Apollo Global Management has a twelve month low of $83.88 and a twelve month high of $166.72. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

Institutional Investors Weigh In On Apollo Global Management

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

About Apollo Global Management

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.