Apple Hospitality REIT, Inc. (APLE)
NYSE: APLE · IEX Real-Time Price · USD
15.00
-0.27 (-1.77%)
At close: Apr 25, 2024, 4:00 PM
15.05
+0.05 (0.33%)
After-hours: Apr 25, 2024, 4:11 PM EDT
Apple Hospitality REIT Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for APLE stock have an average target of 18.4, with a low estimate of 18 and a high estimate of 20. The average target predicts an increase of 22.67% from the current stock price of 15.00.
Analyst Consensus: Buy
* Price targets were last updated on Jan 8, 2024.
Analyst Ratings
The average analyst rating for APLE stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 3 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 3 | 4 | 4 | 4 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 7 | 7 | 7 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy → Hold Downgrades $19 → $18 | Strong Buy → Hold | Downgrades | $19 → $18 | +20.00% | Jan 8, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $17 → $18 | Hold | Maintains | $17 → $18 | +20.00% | Dec 22, 2023 |
| Wells Fargo | Wells Fargo | Buy → Hold Downgrades $17 | Buy → Hold | Downgrades | $17 | +13.33% | Dec 8, 2023 |
| Wells Fargo | Wells Fargo | Buy Maintains $17 → $18 | Buy | Maintains | $17 → $18 | +20.00% | Nov 13, 2023 |
| Wolfe Research | Wolfe Research | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Sep 28, 2023 |
Financial Forecast
Revenue This Year
1.46B
from 1.34B
Increased by 8.65%
Revenue Next Year
1.50B
from 1.46B
Increased by 2.95%
EPS This Year
0.84
from 0.77
Increased by 9.29%
EPS Next Year
0.86
from 0.84
Increased by 1.82%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.5B | 1.6B | 1.6B |
| Avg | 1.5B | 1.5B | 1.5B |
| Low | 1.4B | 1.4B | 1.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.6% | 7.9% | 7.6% |
| Avg | 8.6% | 2.9% | 2.7% |
| Low | 3.2% | -2.5% | -2.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.89 | 0.95 | 0.99 |
| Avg | 0.84 | 0.86 | 0.96 |
| Low | 0.78 | 0.76 | 0.92 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.9% | 12.3% | 15.2% |
| Avg | 9.3% | 1.8% | 11.9% |
| Low | 1.8% | -9.2% | 7.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.