Apple Inc. (AAPL) PT Raised to $210.00

Apple Inc. (NASDAQ:AAPL) had its price target upped by Argus from $185.00 to $210.00 in a research note published on Monday, November 6th, Marketbeat Ratings reports. The brokerage currently has a buy rating on the iPhone maker’s stock.

Other research analysts have also issued reports about the stock. BMO Capital Markets reissued an outperform rating and set a $170.00 target price on shares of Apple in a research note on Tuesday, July 25th. Barclays PLC reissued a hold rating and set a $146.00 target price on shares of Apple in a research note on Tuesday, August 15th. Vetr raised shares of Apple from a hold rating to a buy rating and set a $166.96 target price on the stock in a research note on Thursday, August 17th. J P Morgan Chase & Co set a $165.00 target price on shares of Apple and gave the stock a buy rating in a research note on Wednesday, July 19th. Finally, Credit Suisse Group reissued an outperform rating and set a $175.00 target price (up from $170.00) on shares of Apple in a research note on Wednesday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. Apple presently has a consensus rating of Buy and an average target price of $200.28.

Apple (NASDAQ:AAPL) opened at $174.97 on Monday. The stock has a market cap of $898,350.56, a price-to-earnings ratio of 19.02, a P/E/G ratio of 1.40 and a beta of 1.23. Apple has a 12 month low of $108.25 and a 12 month high of $176.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a yield of 1.44%. Apple’s dividend payout ratio (DPR) is presently 27.39%.

In related news, CEO Timothy D. Cook sold 268,623 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 39,682 shares of the company’s stock, valued at approximately $6,839,192.70. The disclosure for this sale can be found here. Insiders have sold 410,352 shares of company stock valued at $65,356,512 in the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of AAPL. Stone House Investment Management LLC boosted its position in shares of Apple by 0.4% in the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock valued at $226,000 after acquiring an additional 6 shares during the period. FC Advisory LLC boosted its position in shares of Apple by 0.4% in the second quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock valued at $371,000 after acquiring an additional 10 shares during the period. Jackson Grant Investment Advisers Inc. boosted its position in shares of Apple by 0.3% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock valued at $782,000 after acquiring an additional 17 shares during the period. Lenox Wealth Advisors Inc. boosted its position in shares of Apple by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after acquiring an additional 20 shares during the period. Finally, BerganKDV Wealth Management LLC boosted its position in shares of Apple by 0.4% in the second quarter. BerganKDV Wealth Management LLC now owns 5,614 shares of the iPhone maker’s stock valued at $809,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 59.87% of the company’s stock.

WARNING: This piece of content was originally posted by BBNS and is the sole property of of BBNS. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://baseballnewssource.com/markets/apple-inc-aapl-pt-raised-to-210-00-at-argus/1762732.html.

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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.