Why Apollo Global Management Inc. [APO] Stock Can Charge Above The $48.47 Level

Apollo Global Management Inc. [APO] shares are up more than 8.15% this year and recently decreased 0.0% or $0.18 to settle at $48.47. Analysts expect APO to grow earnings at a 5.97% annual rate over the next 5 years. APO has a short ratio of 3.25. This implies that the market is currently less bullish on the outlook for APO.

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Analyst Birdseye View:

The most recent analyst activity for Apollo Global Management Inc. [NYSE:APO] stock was on October 30, 2020, when it was Upgrade with an Outperform rating from BMO Capital Markets, which also lowered its 12-month price target on the stock from $46 to $45. Before that, on November 06, 2020, Morgan Stanley Recapitulated an Overweight rating and elevated its amount target to $51. On October 26, 2020, Evercore ISI Upgrade an Outperform rating and boosted its price target on this stock to $52. On October 07, 2020, Jefferies Downgrade a Hold rating. On June 08, 2020, Citigroup Downgrade a Neutral rating. On May 15, 2020, BMO Capital Markets Downgrade a Market perform rating and boosted its amount on this stock to $43. On March 23, 2020, BofA/Merrill Downgrade a Neutral rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $19.46 and a peak of $55.38. Right now, the middling Wall Street analyst 12-month amount mark is $50.00. At the most recent market close, shares of Apollo Global Management Inc. [NYSE:APO] were valued at $48.47. According to the average price forecast, investors can expect a potential return of 2.22%.

FUNDAMENTAL ANALYSIS

Apollo Global Management Inc. [NYSE:APO] most recently reported quarterly sales of 814.51 billion, which represented growth of 44.90%. This publicly-traded organization’s revenue is $1,994,151 per employee, while its income is $568,587 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 11.10, 50.05, 22.69 and 18.01 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 66.70 and the whole liability to whole assets at 43.40. It shows enduring liability to the whole principal at 64.51 and enduring liability to assets at 0.42 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 47.69 points at 1st support level, the second support level is making up to 47.09. But as of 1st resistance point, this stock is sitting at 48.80 and at 49.31 for 2nd resistance point.

Apollo Global Management Inc. [APO] reported its earnings at $0.47 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.49/share signifying the difference of -0.02 and -4.10% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.46 calling estimates for $0.48/share with the difference of -0.02 depicting the surprise of -4.20%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 3.51 and it’s amount to book ratio is 15.37.

Insider Stories

The most recent insider trade was by Kelly Martin, Chief Financial Officer, and it was the sale of 3054.0 shares on Aug 06. Kelly Martin, the Chief Financial Officer, completed a sale of 16946.0 shares on Aug 05. On Jul 31, Kelly Martin, Chief Financial Officer, completed a sale of 10000.0 shares.