Barrington analyst Alexander Paris reiterated a Buy rating on American Public Education (APEI – Research Report) today and set a price target of $32.00.
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Alexander Paris has given his Buy rating due to a combination of factors, including American Public Education’s impressive first-quarter results that exceeded expectations. The company’s revenue and adjusted EBITDA both surpassed estimates, with net income showing a significant improvement compared to the previous year. This strong performance has led management to raise its full-year earnings guidance, indicating confidence in continued growth.
Additionally, the stock is trading at a substantial discount compared to its peers in the for-profit postsecondary education sector. This valuation, coupled with the recovering demand for affordable online education and nursing programs, supports expectations for ongoing enrollment growth and margin expansion. Consequently, Paris has reiterated an OUTPERFORM rating and increased the 12-month price target to $32, reflecting a potential upside of approximately 23% from current levels.
Paris covers the Consumer Cyclical sector, focusing on stocks such as Lincoln Edu, Perdoceo Education, and Adtalem Global Education. According to TipRanks, Paris has an average return of 13.4% and a 64.80% success rate on recommended stocks.
In another report released today, B.Riley Financial also maintained a Buy rating on the stock with a $31.00 price target.