Apollo Global Management LLC (APO) Receives a Buy from Oppenheimer
In a report issued on February 22, Chris Kotowski from Oppenheimer initiated coverage with a Buy rating on Apollo Global Management LLC (APO) and a price target of $41. The company’s shares closed on Friday at $29.16.
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 10.9% and a 63.7% success rate. Kotowski covers the Financial sector, focusing on stocks such as Eagle Point Credit Company Inc, Solar Senior Capital Ltd, and Goldman Sachs Group Inc.
Currently, the analyst consensus on Apollo Global Management LLC is a Moderate Buy with an average price target of $35.17.
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Based on Apollo Global Management LLC’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $187 million. In comparison, last year the company had a net profit of $183 million.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APO in relation to earlier this year.
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Apollo Global Management LLC is a global alternative investment manager, which provides private equity, credit-oriented capital markets, and real estate. The company raises, invests and manages funds on pension and endowment funds as well as other institutional and individual investors.