A number of other analysts have recently issued reports. New Street Research upgraded the shares of Apple from a “sell” rating to a “neutral” rating and set a $165.00 price target in a report on Friday, January 28th. The price target on Apple was dropped byDeutsche Bank Aktiengesellschaft in a research report. Robert W. Baird increased their price objective on Apple from $185.00 to $190.00 in a research report. Tigress Financial raised their target price on Apple from $198.00 to $210.00 and gave the company a strong-buy rating in a research note on Tuesday, February 15th. Monness Crespi & Hardt increased their price target on shares of Apple from $184.00 to $199.00 and gave the company a “buy” rating. Nine analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $188.64.
During trading on Thursday, AAPL was down $2.12 at $138.70. The company had a trading volume of over 2 million shares. The firm’s 200 day simple moving average is $165.30 The company has a debt-to-equity ratio of 1.53 and a current ratio of 0.93. The company has a market cap of $2.24 trillion and a price to earnings ratio of 22.86. Apple has a 12-month low of $122.86 and a 12-month high of $182.94
On Thursday, April 28th, Apple posted its earnings data. The company reported earnings per share of $1.52 for the quarter, which was $0.09 better than the consensus estimate. The firm had revenue of $97.28 billion for the quarter, which was higher than analysts’ expectations of $93.50 billion. There was a net margin of 26.41% and a return on equity of 152.88%. The company’s revenue was up compared to last year. The company posted earnings per share of $1.40 in the year before. Analysts on average expect Apple to post 6.11 earnings per share for the current year.
The Board of Directors of Apple approved a stock buy back program on Thursday, April 28th, that will allow the company to buy back $90.00 billion in outstanding shares. The iPhone maker can buy up to 3.5% of its shares through the open market. The company’s management believes that its stock is cheap.
Deirdre O’brien sold 8,000 shares of the company’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $164.95. The senior vice president now owns 136,289 shares in the company, which is valued at $22,475,583.90 after the transaction. The disclosure of the transaction can be accessed through this link. The SVP sold 25,000 shares of the firm’s stock on May 4th. The stock was sold at an average price of $161.28. The senior vice president now owns 454,334 shares in the company, which is worth $73,151,454.48. There is a disclosure for this sale here. In the last ninety days, the company’s Insiders have sold a total of 168,099 shares of company stock. The company is owned by 0.05% of the stock.
Several institutional investors and hedge funds have recently made changes to their positions. A new stake in Apple was bought by Norges Bank. The position in shares of Apple increased by 30,391.8% during the first quarter. After purchasing an additional 25 million shares during the last quarter, the company’s stock is worth $150,333,000. State Street Corp increased its stake in Apple by 1.8%. State Street Corp increased their ownership of the iPhone maker’s stock by purchasing an additional 10,951,705 shares. The Vanguard Group Inc. boosted its holdings in Apple in the first quarter. After buying an additional 8,734,393 shares of the iPhone maker’s stock during the last quarter, the company’s stock value has been increased by $221,753,959,000. In the fourth quarter, Miracle Mile Advisors grew its stake in Apple to 1,841.6%. After buying an additional 8,302,604 shares in the last quarter, Miracle Mile Advisors now own 8,755,560 shares of the iPhone maker’s stock. The company’s stock is held by Institutional investors and hedge funds.
You can get a rating on the Apple Company Profile.
Apple designs, manufactures, and markets a wide range of electronics. It sells other services. The company also has a line of multi-purpose tablets, a line of personal computers, a line of phones, and accessories.
There are a lot of featured stories.
Is $1,000 enough to invest in Apple right now?
You will need to hear this before you consider Apple.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients. Apple wasn’t on the list of the five stocks that analysts are whispering to their clients to buy.
Apple currently has a “Buy” rating among analysts, but top-rated analysts believe that these five stocks are better buys.
There are 5 stocks that you can view.