UBS Analysts Give Apple (AAPL) a $190.00 Price Target

Apple (NASDAQ:AAPL) has been given a $190.00 target price by stock analysts at UBS in a report released on Monday. The firm presently has a “buy” rating on the iPhone maker’s stock. UBS’s price objective suggests a potential upside of 11.08% from the stock’s current price.

AAPL has been the topic of a number of other research reports. Vetr upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 price target on the stock in a research note on Friday, September 22nd. Rosenblatt Securities reiterated a “hold” rating and issued a $150.00 price target on shares of Apple in a research note on Sunday, October 15th. Citigroup reiterated a “buy” rating and issued a $200.00 price target (up previously from $170.00) on shares of Apple in a research note on Friday, November 3rd. They noted that the move was a valuation call. Bank of America reiterated a “buy” rating and issued a $180.00 price target on shares of Apple in a research note on Tuesday, September 26th. Finally, Pacific Crest upgraded shares of Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 price target on the stock in a research note on Monday, October 16th. Seven equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $200.27.

Shares of Apple (AAPL) opened at $171.05 on Monday. Apple has a fifty-two week low of $108.25 and a fifty-two week high of $176.24. The company has a market cap of $878,224.06, a price-to-earnings ratio of 18.59, a PEG ratio of 1.37 and a beta of 1.22. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. Apple’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.50 EPS. sell-side analysts forecast that Apple will post 11.18 earnings per share for the current year.

In related news, insider Philip W. Schiller sold 56,808 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total transaction of $8,788,197.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The disclosure for this sale can be found here. Insiders have sold a total of 151,965 shares of company stock valued at $24,074,614 in the last ninety days. Insiders own 0.08% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Green Square Capital LLC boosted its stake in Apple by 6.7% in the 1st quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock worth $12,564,000 after purchasing an additional 5,491 shares during the period. YHB Investment Advisors Inc. boosted its stake in Apple by 7.6% in the 2nd quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock worth $19,614,000 after purchasing an additional 9,663 shares during the period. Lederer & Associates Investment Counsel CA boosted its stake in Apple by 2.1% in the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock worth $5,377,000 after purchasing an additional 779 shares during the period. GenTrust LLC boosted its stake in Apple by 1,022.9% in the 2nd quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock worth $4,942,000 after purchasing an additional 31,259 shares during the period. Finally, Texan Capital Management boosted its stake in Apple by 1.6% in the 2nd quarter. Texan Capital Management now owns 25,591 shares of the iPhone maker’s stock worth $3,686,000 after purchasing an additional 393 shares during the period. Institutional investors own 59.41% of the company’s stock.

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About Apple

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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