Apple (AAPL) PT Set at $190.00 by UBS Group

Apple (NASDAQ:AAPL) has been given a $190.00 target price by investment analysts at UBS Group in a note issued to investors on Friday, January 5th, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the iPhone maker’s stock. UBS Group’s price target indicates a potential upside of 7.29% from the stock’s previous close.

AAPL has been the subject of several other reports. Vetr upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 price objective for the company in a report on Friday, September 22nd. Rosenblatt Securities restated a “hold” rating and issued a $150.00 price objective on shares of Apple in a report on Sunday, October 15th. Citigroup restated a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Apple in a report on Friday, November 3rd. They noted that the move was a valuation call. Bank of America reaffirmed a “buy” rating and issued a $180.00 target price on shares of Apple in a research report on Tuesday, September 26th. Finally, Pacific Crest raised shares of Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 target price on the stock in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. Apple currently has a consensus rating of “Buy” and a consensus target price of $198.94.

Shares of Apple (NASDAQ AAPL) opened at $177.09 on Friday. Apple has a 1-year low of $118.22 and a 1-year high of $177.36. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The company has a market cap of $909,240.00, a price-to-earnings ratio of 19.27, a P/E/G ratio of 1.45 and a beta of 1.23.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same period in the prior year, the business earned $1.50 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. equities analysts anticipate that Apple will post 11.18 earnings per share for the current fiscal year.

In other news, insider Johny Srouji sold 10,368 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $174.68, for a total value of $1,811,082.24. Following the transaction, the insider now owns 81,560 shares in the company, valued at approximately $14,246,900.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the completion of the transaction, the insider now owns 39,682 shares in the company, valued at approximately $6,839,192.70. The disclosure for this sale can be found here. Insiders sold a total of 128,412 shares of company stock worth $22,115,155 in the last quarter. Company insiders own 0.08% of the company’s stock.

Large investors have recently modified their holdings of the company. Blue Sky Asset Management LLC purchased a new stake in Apple during the 2nd quarter valued at approximately $108,000. Hefty Wealth Partners grew its holdings in Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 174 shares in the last quarter. FNY Managed Accounts LLC grew its holdings in Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 716 shares in the last quarter. Private Vista LLC purchased a new stake in Apple during the 2nd quarter valued at approximately $122,000. Finally, Armbruster Capital Management Inc. grew its holdings in Apple by 9.4% during the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 60.17% of the company’s stock.

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About Apple

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

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