Apple (NASDAQ:AAPL)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued on Friday.
A number of other research analysts have also weighed in on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $185.00 price target on shares of Apple in a research note on Friday. UBS Group reaffirmed a “buy” rating and issued a $180.00 price target on shares of Apple in a research note on Monday, January 14th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $228.00 price target on shares of Apple in a research note on Friday, January 11th. HSBC lowered shares of Apple from a “buy” rating to a “hold” rating and cut their price objective for the stock from $200.00 to $160.00 in a research report on Wednesday, January 9th. Finally, Daiwa Capital Markets set a $200.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Friday, January 4th. Three research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and twenty-two have issued a buy rating to the stock. Apple currently has a consensus rating of “Hold” and an average target price of $195.74.
Apple stock opened at $156.82 on Friday. Apple has a fifty-two week low of $142.00 and a fifty-two week high of $233.47. The company has a market cap of $770.79 billion, a P/E ratio of 13.17, a PEG ratio of 1.49 and a beta of 1.23. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.12.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.13. Apple had a net margin of 22.41% and a return on equity of 48.68%. The firm had revenue of $62.90 billion for the quarter, compared to analyst estimates of $61.55 billion. During the same quarter in the previous year, the firm posted $2.07 earnings per share. The business’s revenue was up 19.6% on a year-over-year basis. Analysts expect that Apple will post 12.1 EPS for the current fiscal year.
In other news, insider Chris Kondo sold 3,408 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $190.00, for a total value of $647,520.00. Following the completion of the sale, 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 SEC, which is available at this hyperlink. Insiders own 0.05% of the company’s stock.
Several institutional investors have recently made changes to their positions in AAPL. First Hawaiian Bank lifted its holdings in shares of Apple by 33.5% in the second quarter. First Hawaiian Bank now owns 10,012 shares of the iPhone maker’s stock worth $1,854,000 after acquiring an additional 2,510 shares during the last quarter. Peavine Capital LLC lifted its holdings in shares of Apple by 428.7% in the second quarter. Peavine Capital LLC now owns 6,968 shares of the iPhone maker’s stock worth $1,290,000 after acquiring an additional 5,650 shares during the last quarter. Wechter Feldman Wealth Management Inc. lifted its holdings in shares of Apple by 29.1% in the second quarter. Wechter Feldman Wealth Management Inc. now owns 2,918 shares of the iPhone maker’s stock worth $540,000 after acquiring an additional 657 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Apple by 3.6% in the second quarter. Parallel Advisors LLC now owns 96,213 shares of the iPhone maker’s stock worth $17,810,000 after acquiring an additional 3,336 shares during the last quarter. Finally, United Capital Management of KS Inc. bought a new position in shares of Apple in the third quarter worth about $3,860,000. 57.04% of the stock is owned by institutional investors.
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.
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