Apple (AAPL) Receives “Buy” Rating from Loop Capital

Loop Capital reissued their buy rating on shares of Apple (NASDAQ:AAPL) in a research note issued to investors on Friday morning. They currently have a $200.00 price target on the iPhone maker’s stock.

Other research analysts have also issued research reports about the stock. Nomura set a $175.00 price target on shares of Apple and gave the stock a neutral rating in a research report on Tuesday, December 19th. Instinet cut shares of Apple from a buy rating to a neutral rating and set a $175.00 price objective on the stock. in a research note on Tuesday, December 19th. UBS Group set a $190.00 price objective on shares of Apple and gave the stock a buy rating in a research note on Monday, November 27th. Vetr cut shares of Apple from a buy rating to a hold rating and set a $178.70 price objective on the stock. in a research note on Thursday, November 23rd. Finally, BMO Capital Markets reaffirmed a buy rating and set a $199.00 price objective on shares of Apple in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $198.61.

Shares of Apple (NASDAQ AAPL) remained flat at $$175.01 during trading hours on Friday. 16,052,615 shares of the company’s stock were exchanged, compared to its average volume of 27,183,639. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. Apple has a 1 year low of $114.76 and a 1 year high of $177.20. The company has a market capitalization of $898,560.00, a price-to-earnings ratio of 19.04, a P/E/G ratio of 1.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a net margin of 20.38% and a return on equity of 32.25%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 earnings per share. equities analysts anticipate that Apple will post 11.18 earnings per share for the current fiscal year.

In related news, insider Philip W. Schiller sold 56,808 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total transaction of $8,788,197.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Insiders sold a total of 232,967 shares of company stock valued at $37,944,683 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Blue Sky Asset Management LLC bought a new position in Apple during the second quarter worth $108,000. Hefty Wealth Partners boosted its stake in Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 174 shares in the last quarter. FNY Managed Accounts LLC boosted its stake in Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 716 shares in the last quarter. Private Vista LLC bought a new position in Apple during the second quarter worth $122,000. Finally, Armbruster Capital Management Inc. boosted its stake in Apple by 9.4% during the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after acquiring an additional 78 shares in the last quarter. 59.62% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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