Apple (NASDAQ:AAPL) has been assigned a $188.00 price target by stock analysts at Macquarie in a research report issued on Friday, January 26th. The brokerage currently has a “buy” rating on the iPhone maker’s stock. Macquarie’s price objective indicates a potential upside of 15.54% from the company’s current price.
AAPL has been the topic of a number of other reports. KeyCorp raised Apple from a “sector weight” rating to an “overweight” rating and lifted their price objective for the stock from $173.75 to $187.00 in a research note on Monday, October 16th. Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $171.48 price objective on the stock. in a research note on Monday, October 30th. Longbow Research lowered Apple from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 17th. Canaccord Genuity reaffirmed a “buy” rating and issued a $200.00 price objective (up from $195.00) on shares of Apple in a research note on Wednesday, January 24th. Finally, Loop Capital boosted their price target on Apple from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $201.72.
Shares of Apple (NASDAQ:AAPL) opened at $162.71 on Friday. Apple has a 12 month low of $132.75 and a 12 month high of $180.10. The company has a market capitalization of $825,590.00, a PE ratio of 16.74, a PEG ratio of 1.18 and a beta of 1.33. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating the Zacks’ consensus estimate of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The firm had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. During the same period last year, the firm posted $3.36 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. sell-side analysts anticipate that Apple will post 11.4 EPS for the current fiscal year.
In other news, insider Eduardo H. Cue sold 65,361 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Johny Srouji sold 10,368 shares of the firm’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 transaction, the insider now owns 81,560 shares in the company, valued at $14,246,900.80. The disclosure for this sale can be found here. Insiders have sold a total of 112,771 shares of company stock worth $19,419,429 over the last quarter. Corporate insiders own 0.06% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Apple in the 2nd quarter valued at approximately $400,000. University of Texas Investment Managment Co. purchased a new position in shares of Apple in the 4th quarter valued at approximately $114,000. Blue Sky Asset Management LLC purchased a new position in shares of Apple in the 2nd quarter valued at approximately $108,000. FNY Managed Accounts LLC lifted its stake in shares of Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares during the period. Finally, Armbruster Capital Management Inc. lifted its stake in shares of Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 60.18% of the company’s stock.
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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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