Apple (NASDAQ:AAPL) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday.
A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. restated a “buy” rating and set a $228.00 target price on shares of Apple in a research report on Friday, January 11th. Royal Bank of Canada restated a “buy” rating and set a $185.00 target price on shares of Apple in a research report on Friday, January 18th. Citigroup cut their target price on shares of Apple from $265.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Rosenblatt Securities set a $165.00 target price on shares of Apple and gave the stock a “neutral” rating in a research report on Thursday, December 6th. Finally, Morgan Stanley lifted their target price on shares of Apple from $226.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, November 8th. One analyst has rated the stock with a sell rating, twenty-four have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $191.66.
AAPL stock opened at $170.41 on Thursday. The stock has a market cap of $840.19 billion, a P/E ratio of 14.31, a P/E/G ratio of 1.75 and a beta of 1.13. Apple has a 52 week low of $142.00 and a 52 week high of $233.47. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, January 29th. The iPhone maker reported $4.18 EPS for the quarter, topping analysts’ consensus estimates of $4.17 by $0.01. The firm had revenue of $84.31 billion for the quarter, compared to the consensus estimate of $84.07 billion. Apple had a net margin of 22.72% and a return on equity of 50.92%. On average, equities analysts predict that Apple will post 11.39 earnings per share for the current year.
In related news, insider Chris Kondo sold 3,408 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $190.00, for a total transaction of $647,520.00. Following the completion of the transaction, the insider now owns 8,940 shares of the company’s stock, valued at $1,698,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arthur D. Levinson sold 1,521 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $167.71, for a total transaction of $255,086.91. Following the transaction, the director now directly owns 1,134,804 shares of the company’s stock, valued at approximately $190,317,978.84. The disclosure for this sale can be found here. Corporate insiders own 0.05% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Portfolio Solutions LLC purchased a new stake in Apple during the fourth quarter worth approximately $76,000. Contravisory Investment Management Inc. boosted its stake in shares of Apple by 30.6% in the fourth quarter. Contravisory Investment Management Inc. now owns 614 shares of the iPhone maker’s stock valued at $97,000 after purchasing an additional 144 shares during the period. Delphi Private Advisors LLC purchased a new position in shares of Apple in the second quarter valued at $120,000. CKW Financial Group boosted its stake in shares of Apple by 15.0% in the fourth quarter. CKW Financial Group now owns 807 shares of the iPhone maker’s stock valued at $127,000 after purchasing an additional 105 shares during the period. Finally, Quantamental Technologies LLC purchased a new position in shares of Apple in the fourth quarter valued at $181,000. Institutional investors own 57.00% of the company’s stock.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
Featured Story: Day Trading – Risk Worth the Reward?
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.