Barrington raised the firm’s price target on American Public Education (APEI) to $24 from $18 and keeps an Outperform rating on the shares. Despite shares having more than doubled year-to-date, they are still trading at “a big discount” to the for-profit postsecondary peer group average, the analyst tells investors. The firm cites the “significant discount valuation,” recovering demand for affordable online higher education and nursing programs and its expectation for accelerating enrollment growth and margin expansion in 2025 for its increased target.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on APEI:
- American Public Education Posts Improved Q3 Results
- American Public Education sees Q4 EPS 47c-56c, consensus 59c
- American Public Education sees FY24 revenue $620M-$625M, consensus $622.53M
- American Public Education reports Q3 EPS 4c, consensus 3c
- Is APEI a Buy, Before Earnings?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
