Apple Inc. (NASDAQ:AAPL) received a $185.00 price target from equities researchers at Nomura in a research note issued to investors on Friday. The firm presently has a “buy” rating on the iPhone maker’s stock. Nomura’s target price would suggest a potential upside of 7.25% from the stock’s current price.
A number of other equities research analysts have also recently commented on the company. Sanford C. Bernstein set a $195.00 target price on Apple and gave the stock a “buy” rating in a research note on Friday. Robert W. Baird set a $190.00 target price on Apple and gave the stock a “buy” rating in a research note on Friday. Macquarie set a $188.00 target price on Apple and gave the stock a “buy” rating in a research note on Friday. Atlantic Securities set a $190.00 target price on Apple and gave the stock a “buy” rating in a research note on Friday. Finally, UBS AG set a $190.00 target price on Apple and gave the stock a “buy” rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $198.38.
Shares of Apple (AAPL) traded up $4.39 during trading hours on Friday, reaching $172.50. The company’s stock had a trading volume of 58,683,826 shares, compared to its average volume of 25,147,278. The company has a current ratio of 1.39, a quick ratio of 1.35 and a debt-to-equity ratio of 0.68. Apple has a fifty-two week low of $104.08 and a fifty-two week high of $174.26. The company has a market cap of $891,001.81, a PE ratio of 18.75, a PEG ratio of 1.42 and a beta of 1.23.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.36% and a net margin of 21.09%. The business had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. During the same period last year, the business earned $1.50 EPS. The business’s revenue was up 12.2% on a year-over-year basis. equities research analysts forecast that Apple will post 11.11 earnings per share for the current year.
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In other news, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total value of $9,775,063.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Federighi sold 63,163 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $158.07, for a total value of $9,984,175.41. Following the completion of the transaction, the insider now directly owns 359,988 shares of the company’s stock, valued at $56,903,303.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 541,177 shares of company stock valued at $85,864,804. Corporate insiders own 0.08% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. purchased a new position in Apple during the 1st quarter worth $201,000. Harvest Capital Management Inc grew its stake in Apple by 2.1% during the 1st quarter. Harvest Capital Management Inc now owns 6,612 shares of the iPhone maker’s stock worth $950,000 after buying an additional 135 shares during the last quarter. Iowa State Bank grew its stake in Apple by 7.2% during the 1st quarter. Iowa State Bank now owns 44,586 shares of the iPhone maker’s stock worth $6,405,000 after buying an additional 2,993 shares during the last quarter. Torch Wealth Management LLC grew its stake in Apple by 1.2% during the 1st quarter. Torch Wealth Management LLC now owns 47,484 shares of the iPhone maker’s stock worth $6,822,000 after buying an additional 571 shares during the last quarter. Finally, Graybill Bartz & Assoc Ltd. grew its stake in Apple by 1.8% during the 1st quarter. Graybill Bartz & Assoc Ltd. now owns 35,488 shares of the iPhone maker’s stock worth $5,098,000 after buying an additional 618 shares during the last quarter. 60.33% of the stock is owned by hedge funds and other institutional investors.
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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