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

Apple (NASDAQ:AAPL) has been given a $190.00 price target by research analysts at UBS Group in a report released on Friday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the iPhone maker’s stock. UBS Group’s price objective suggests a potential upside of 8.57% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Instinet reissued a “buy” rating and issued a $185.00 price target on shares of Apple in a research note on Wednesday, September 13th. Canaccord Genuity reissued a “buy” rating and issued a $180.00 price target on shares of Apple in a research note on Wednesday, September 13th. Drexel Hamilton reissued a “buy” rating and issued a $208.00 price target on shares of Apple in a research note on Wednesday, September 13th. Longbow Research reissued a “buy” rating and issued a $192.00 price target on shares of Apple in a research note on Monday, September 11th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a price target on shares of Apple in a research note on Monday, September 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Apple has a consensus rating of “Buy” and an average price target of $198.70.

Shares of Apple (NASDAQ:AAPL) opened at $175.00 on Friday. Apple has a 12 month low of $116.47 and a 12 month high of $177.20. The stock has a market capitalization of $898,500.00, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73.

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 Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The firm had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter last year, the business posted $1.50 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. equities research analysts forecast that Apple will post 11.18 earnings per share for the current fiscal year.

In other news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $169.69, for a total transaction of $2,654,121.29. Following the completion of the sale, the insider now owns 17,341 shares in the company, valued at $2,942,594.29. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Johny Srouji sold 10,368 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $174.68, for a total value of $1,811,082.24. Following the sale, the insider now owns 81,560 shares of the company’s stock, valued at approximately $14,246,900.80. The disclosure for this sale can be found here. Insiders have sold 112,771 shares of company stock valued at $19,381,421 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Abner Herrman & Brock LLC boosted its stake in shares of Apple by 6.4% in the fourth quarter. Abner Herrman & Brock LLC now owns 11,760 shares of the iPhone maker’s stock valued at $1,990,000 after buying an additional 710 shares during the period. QUANTRES ASSET MANAGEMENT Ltd boosted its stake in shares of Apple by 115.5% in the fourth quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 18,100 shares of the iPhone maker’s stock valued at $3,063,000 after buying an additional 9,700 shares during the period. Stillwater Investment Management LLC boosted its stake in shares of Apple by 109.6% in the fourth quarter. Stillwater Investment Management LLC now owns 101,851 shares of the iPhone maker’s stock valued at $10,679,000 after buying an additional 53,250 shares during the period. Fulton Bank N.A. boosted its stake in shares of Apple by 0.8% in the fourth quarter. Fulton Bank N.A. now owns 141,106 shares of the iPhone maker’s stock valued at $23,880,000 after buying an additional 1,120 shares during the period. Finally, Washington Trust Bank boosted its stake in shares of Apple by 2.1% in the fourth quarter. Washington Trust Bank now owns 84,017 shares of the iPhone maker’s stock valued at $14,218,000 after buying an additional 1,689 shares during the period. Institutional investors own 59.61% 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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