Apple Inc. (NASDAQ:AAPL) has been given a $195.00 price objective by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Friday. The firm presently has a “buy” rating on the iPhone maker’s stock. Sanford C. Bernstein’s target price would indicate a potential upside of 16.00% from the stock’s current price.
Other analysts have also issued research reports about the company. Oppenheimer Holdings, Inc. reiterated a “” rating on shares of Apple in a report on Thursday, August 10th. J P Morgan Chase & Co set a $165.00 target price on Apple and gave the stock a “buy” rating in a report on Wednesday, July 19th. Vetr lowered Apple from a “strong-buy” rating to a “buy” rating and set a $165.66 target price on the stock. in a report on Tuesday, July 18th. Canaccord Genuity reiterated a “buy” rating and set a $180.00 target price on shares of Apple in a report on Monday, July 10th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $170.00 target price on shares of Apple in a report on Sunday, July 9th. Seven analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. Apple presently has an average rating of “Buy” and an average target price of $197.68.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. The company had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. Apple had a return on equity of 36.36% and a net margin of 21.09%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 earnings per share.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://www.com-unik.info/2017/11/03/apple-inc-aapl-given-a-195-00-price-target-at-sanford-c-bernstein.html.
In other Apple news, SVP D Bruce Sewell sold 31,625 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $158.13, for a total value of $5,000,861.25. Following the sale, the senior vice president now owns 112,430 shares in the company, valued at $17,778,555.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Johny Srouji sold 5,892 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $161.00, for a total transaction of $948,612.00. Following the completion of the sale, the insider now owns 70,358 shares in the company, valued at approximately $11,327,638. The disclosure for this sale can be found here. In the last 90 days, insiders sold 541,177 shares of company stock worth $85,864,804. Corporate insiders own 0.08% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Roffman Miller Associates Inc. PA grew its holdings in shares of Apple by 2.4% during the third quarter. Roffman Miller Associates Inc. PA now owns 139,262 shares of the iPhone maker’s stock valued at $21,463,000 after buying an additional 3,274 shares during the last quarter. Swiss National Bank grew its holdings in shares of Apple by 0.4% during the third quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock valued at $2,966,581,000 after buying an additional 79,100 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its holdings in shares of Apple by 13.8% during the third quarter. Jaffetilchin Investment Partners LLC now owns 45,029 shares of the iPhone maker’s stock valued at $6,940,000 after buying an additional 5,455 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp grew its holdings in shares of Apple by 12.5% during the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 10,214 shares of the iPhone maker’s stock valued at $1,574,000 after buying an additional 1,131 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in shares of Apple by 2.1% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 76,483 shares of the iPhone maker’s stock valued at $11,788,000 after buying an additional 1,549 shares during the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.
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.
What are top analysts saying about Apple Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Apple Inc. and related companies.