BofA Securities slashes price target on Apollo Global Management Inc [APO] – find out why.

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Apollo Global Management Inc [NYSE: APO] closed the trading session at $103.46.

The stocks have a year to date performance of 11.02 percent and weekly performance of -15.64 percent. The stock has been moved at 0.45 percent over the last six months. The stock has performed -10.75 percent around the most recent 30 days and changed -7.19 percent over the most recent 3-months.

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If compared to the average trading volume of 2.66M shares, APO reached to a volume of 6463705 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Apollo Global Management Inc [APO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APO shares is $128.29 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APO stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Apollo Global Management Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on Aug-07-24. While these analysts kept the previous recommendation, JP Morgan raised their target price to Overweight. The new note on the price target was released on February 28, 2024, representing the official price target for Apollo Global Management Inc stock. Previously, the target price had yet another raise to $115, while TD Cowen analysts kept a Outperform rating on APO stock.

The Average True Range (ATR) for Apollo Global Management Inc is set at 4.56, with the Price to Sales ratio for APO stock in the period of the last 12 months amounting to 2.36. The Price to Book ratio for the last quarter was 4.40, with the Price to Cash per share for the same quarter was set at 26.04. Price to Free Cash Flow for APO in the course of the last twelve months was 11.88.

APO stock trade performance evaluation

Apollo Global Management Inc [APO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.64. With this latest performance, APO shares dropped by -10.75% in over the last four-week period, additionally plugging by 0.45% over the last 6 months – not to mention a rise of 20.11% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APO stock in for the last two-week period is set at 32.32, with the RSI for the last a single of trading hit 28.87, and the three-weeks RSI is set at 35.76 for Apollo Global Management Inc [APO]. The present Moving Average for the last 50 days of trading for this stock 117.64, while it was recorded at 109.49 for the last single week of trading, and 105.42 for the last 200 days.

Earnings per share (EPS) analysis for Apollo Global Management Inc [APO] stock

With the latest financial reports released by the company, Apollo Global Management Inc posted 1.71/share EPS, while the average EPS was predicted by analysts to be reported at 1.77/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -3.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Apollo Global Management Inc go to 15.30%.

Apollo Global Management Inc [APO]: Institutional Ownership

The top three institutional holders of APO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in APO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in APO stock with ownership which is approximately 5.1238%.