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March 5, 2013
10:19 EDTAPOL, COCO, LINC, NAUH, LOPE, ESI, STRA, BPI, EDMC, CECO, APEI, DVApollo Group rallies after Deutsche Bank upgrade
For-profit education company Apollo Group (APOL) is climbing after Deutsche Bank analyst Paul Ginocchio upgraded the stock to Hold from Sell in a note to investors earlier today. The valuation of University of Phoenix students reflected by the stock has reached "pretty distressed levels," wrote the analyst. Even if the company's enrollment trends deteriorate farther, the stock is unlikely to fall much below current levels, the analyst believes. The company's Learning Management System - which uses advanced computer learning features to adapt teaching methods to individual students - is worth $2-$6 per share, Ginocchio contends. This system and the company's cash justify a share price of $10-$16 without factoring in the University of Phoenix, the analyst wrote. Finally, the changes that Apollo must make to retain accreditation from the Higher Learning Commission should not significantly lower the company's enrollment trends or increase its costs, added Ginocchio, who retained a $17 price target on the shares. In mid-morning trading, Apollo Group jumped 85c, or 5% to $17. Other for-profit education companies also advanced, with ITT Educational (ESI) gaining 3% to $12.75, Grand Canyon (LOPE) rising 1.7% to $23.45, and Strayer (STRA) climbing 1.2% to $47.50.
News For APOL;APEI;CECO;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV From The Last 14 Days
Check below for free stories on APOL;APEI;CECO;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV the last two weeks.
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April 16, 2014
16:22 EDTLOPEGrand Canyon Education notified DOE to conduct review
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April 14, 2014
16:54 EDTESIPoint72 raises passive stake in ITT Educational to 5.7% from 5.0%
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April 8, 2014
12:00 EDTLINCLincoln Educational rises 10.6%
Lincoln Educational is up 10.6%, or 38c, to $3.98
11:00 EDTAPOLOptions with decreasing implied volatility: APOL KMX EPB
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April 7, 2014
11:15 EDTAPOL Options with decreasing implied volatility: MNKD GALT DLLR APOL
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