Apple (AAPL) Receives $204.35 Average Price Target from Analysts

Apple (NASDAQ:AAPL) has been given a consensus rating of “Buy” by the fifty-two ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation, thirty-two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $204.35.

A number of equities analysts have issued reports on the company. Zacks Investment Research lowered Apple from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. Mizuho reaffirmed a “neutral” rating and set a $175.00 price target (up from $160.00) on shares of Apple in a research note on Friday, January 19th. Barclays set a $174.00 price target on Apple and gave the company a “neutral” rating in a research note on Thursday, January 18th. Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $184.49 price target for the company. in a research note on Tuesday, February 27th. Finally, Bank of America lowered Apple from a “buy” rating to a “neutral” rating and increased their price target for the company from $180.00 to $220.00 in a research note on Wednesday, January 17th.

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NASDAQ AAPL traded up $1.63 on Friday, reaching $164.58. 14,154,434 shares of the stock traded hands, compared to its average volume of 35,928,426. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. The firm has a market cap of $838,429.94, a P/E ratio of 17.87, a PEG ratio of 1.26 and a beta of 1.25. Apple has a 12 month low of $142.20 and a 12 month high of $183.50.



Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.82 by $0.07. The firm had revenue of $88.29 billion during 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 firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company posted $3.36 EPS. research analysts predict that Apple will post 11.3 earnings per share for the current fiscal year.

In other news, SVP Daniel J. Riccio sold 17,375 shares of the firm’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $169.12, for a total value of $2,938,460.00. Following the sale, the senior vice president now directly owns 66,191 shares of the company’s stock, valued at $11,194,221.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Luca Maestri sold 39,122 shares of the firm’s stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $174.66, for a total value of $6,833,048.52. Following the completion of the sale, the insider now directly owns 64,475 shares in the company, valued at $11,261,203.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,988 shares of company stock worth $21,336,201. 0.06% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of AAPL. Stone House Investment Management LLC lifted its position in Apple by 0.4% during the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after buying an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its position in Apple by 0.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after buying an additional 17 shares in the last quarter. Karp Capital Management Corp raised its holdings in shares of Apple by 1.6% in the 2nd quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock valued at $206,000 after purchasing an additional 22 shares during the period. Berkeley Capital Partners LLC raised its holdings in shares of Apple by 0.6% in the 2nd quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock valued at $629,000 after purchasing an additional 26 shares during the period. Finally, Rainier Group Investment Advisory LLC raised its holdings in shares of Apple by 0.3% in the 2nd quarter. Rainier Group Investment Advisory LLC now owns 14,934 shares of the iPhone maker’s stock valued at $2,151,000 after purchasing an additional 45 shares during the period. 61.28% of the stock is currently 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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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