Apple (NASDAQ:AAPL)‘s stock had its “buy” rating reissued by Rosenblatt Securities in a research note issued on Friday.
A number of other equities research analysts have also issued reports on AAPL. Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $176.88 target price on the stock. in a research note on Friday, November 17th. Nomura set a $185.00 target price on Apple and gave the company a “buy” rating in a research note on Monday, November 27th. UBS set a $190.00 target price on Apple and gave the company a “buy” rating in a research note on Monday, November 27th. Tigress Financial reaffirmed a “strong-buy” rating on shares of Apple in a research note on Wednesday, December 6th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $192.00 target price on shares of Apple in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Apple has an average rating of “Buy” and a consensus target price of $201.53.
Shares of Apple (AAPL) opened at $178.02 on Friday. The company has a market capitalization of $903,275.88, a P/E ratio of 18.30, a PEG ratio of 1.34 and a beta of 1.19. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. Apple has a 52 week low of $138.62 and a 52 week high of $183.50.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.82 by $0.07. The business had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.36 EPS. research analysts expect that Apple will post 11.43 earnings per share for the current fiscal year.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the completion of the transaction, the insider now directly owns 13,739 shares of the company’s stock, valued at approximately $2,401,302.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.08% of the company’s stock.
Large investors have recently bought and sold shares of the business. Jarislowsky Fraser Ltd lifted its position in shares of Apple by 22.4% during the third quarter. Jarislowsky Fraser Ltd now owns 22,515 shares of the iPhone maker’s stock worth $3,470,000 after purchasing an additional 4,118 shares during the last quarter. Empirical Financial Services LLC lifted its position in shares of Apple by 23.9% during the second quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock worth $3,105,000 after purchasing an additional 4,154 shares during the last quarter. Carnick & Kubik Group LLC lifted its holdings in Apple by 14.4% in the second quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock worth $2,987,000 after acquiring an additional 2,612 shares during the last quarter. GenTrust LLC lifted its holdings in Apple by 1,022.9% in the second quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock worth $4,942,000 after acquiring an additional 31,259 shares during the last quarter. Finally, Ramsay Stattman Vela & Price Inc. lifted its holdings in Apple by 3.3% in the third quarter. Ramsay Stattman Vela & Price Inc. now owns 52,013 shares of the iPhone maker’s stock worth $8,016,000 after acquiring an additional 1,668 shares during the last quarter. 61.41% of the stock is owned by institutional investors.
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Apple Company Profile
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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