Apple (NASDAQ:AAPL) Price Target Raised to $300.00 at Tigress Financial

Apple (NASDAQ:AAPL) had its price target lifted by analysts at Tigress Financial from $295.00 to $300.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “strong-buy” rating on the iPhone maker’s stock. Tigress Financial’s price objective suggests a potential upside of 33.99% from the stock’s current price.

A number of other research firms have also recently commented on AAPL. Raymond James lifted their price target on shares of Apple to $250.00 and gave the stock a “buy” rating in a report on Monday, January 20th. Rosenblatt Securities restated a “buy” rating and issued a $262.00 target price on shares of Apple in a research note on Monday, January 27th. Morgan Stanley cut their price target on Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Argus raised Apple to a “strong-buy” rating in a report on Friday, January 31st. Finally, Citigroup upped their price objective on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $245.70.

Apple Stock Performance

AAPL stock opened at $223.89 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The firm has a market cap of $3.36 trillion, a PE ratio of 35.54, a P/E/G ratio of 2.44 and a beta of 1.18. The business has a 50 day moving average of $230.55 and a 200-day moving average of $233.36. Apple has a 12-month low of $164.08 and a 12-month high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, sell-side analysts expect that Apple will post 7.28 earnings per share for the current year.

Institutional Investors Weigh In On Apple

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAPL. AMF Tjanstepension AB boosted its holdings in shares of Apple by 21.1% during the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after purchasing an additional 588,427 shares during the period. Fiduciary Alliance LLC lifted its holdings in Apple by 20.6% in the 3rd quarter. Fiduciary Alliance LLC now owns 193,392 shares of the iPhone maker’s stock worth $45,060,000 after buying an additional 33,056 shares during the period. Grove Bank & Trust raised its holdings in shares of Apple by 6.3% during the third quarter. Grove Bank & Trust now owns 173,323 shares of the iPhone maker’s stock valued at $40,384,000 after acquiring an additional 10,280 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Apple by 4.0% in the third quarter. Sivia Capital Partners LLC now owns 40,998 shares of the iPhone maker’s stock worth $9,552,000 after acquiring an additional 1,582 shares during the period. Finally, Wesbanco Bank Inc. boosted its holdings in Apple by 0.4% in the third quarter. Wesbanco Bank Inc. now owns 877,420 shares of the iPhone maker’s stock valued at $204,439,000 after acquiring an additional 3,909 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.