Apple Inc (NASDAQ:AAPL) shares traded -4.4% down during most recent session to reach at the closing price of $176.69. The stock exchanged hands 41.34 Million shares versus average trading capacity of 38.82 Million shares, yielding a market cap of $843.02 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $229.82 within the next 52-weeks. The mean target projections are based on 36 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Apple Inc (NASDAQ:AAPL) high price target of $300 and with a conservative view have low price target of $182.
HSBC “Downgrades” Apple Inc (NASDAQ:AAPL) in a research note issued to investors on 12/04/18 to Hold with price target of $200.
Additionally on 11/29/18 Canaccord Genuity “Maintained” Apple Inc (NASDAQ:AAPL) to Buy setting price target at $225 and on 11/20/18 Goldman Sachs “Reiterates” the stock to Neutral at $182. Furthermore on 11/14/18 UBS “Maintained” the stock to Buy at $225.
On the other hand the company has Relative Strength Index (RSI 14) of 36.86 along with Average True Range (ATR 14) of 6.56, Consequently Apple Inc (NASDAQ:AAPL)’s weekly and monthly volatility is 2.78%, 2.74% respectively. The company’s beta value is at 1.22.
In terms of Buy, Sell or Hold recommendations, Apple Inc (NASDAQ:AAPL) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Apple Inc (NASDAQ:AAPL)’s minimum EPS for the current quarter is at $4.51 and can go high up to $5.59. The consensus mean EPS for the current quarter is at $4.72 derived from a total of 34 estimates from the analysts who have weighed in on projected earnings. However the company reported $3.89 earnings per share for the same quarter during last year.
Previously Apple Inc (NASDAQ:AAPL) reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The company posted an earnings surprise of 4.7%.
Apple Inc (NASDAQ:AAPL)’s revenue estimates for the current quarter are $91.83 Billion according to 31 number of analysts, for the current quarter the company has high revenue estimates of $100.93 Billion in contradiction of low revenue estimates of $88.96 Billion. For the current year the company’s revenue estimates are $279.21 Billion compared to low analyst estimates of $269.23 Billion and high estimates of $292.33 Billion according to 38 number of analysts.
Currently Apple Inc (NASDAQ:AAPL)’s shares owned by insiders are 0.07%, whereas shares owned by institutional owners are 61.3%. However the six-month change in the insider ownership was recorded -15.63%, as well as three-month change in the institutional ownership was recorded -2.35%.
Apple Inc (NASDAQ:AAPL)’s trailing twelve month revenues are $265.6 Billion, whereas its price to sales ratio for the same period is 3.17. Its book value per share for the most recent quarter is $22.31 while its price to book ratio for the same period is 7.92, as for as the company’s cash per share for the most recent quarter is $13.9, however its price to cash per share ratio for the same period is 12.72. The stock has 5 year expected PEG ratio of 1.12 whereas its trailing twelve month P/E ratio is 14.55.