Apple Inc. (AAPL) PT Set at $193.00 by

Apple Inc. (NASDAQ:AAPL) received a $193.00 price target from equities research analysts at in a research note issued on Wednesday, November 1st. The brokerage presently has a “buy” rating on the iPhone maker’s stock. ‘s price target would indicate a potential upside of 13.54% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $160.08 price target (down previously from $176.00) on shares of Apple in a research report on Wednesday, August 9th. Longbow Research restated a “buy” rating and issued a $173.00 price target on shares of Apple in a research report on Friday, August 11th. Instinet restated a “buy” rating and issued a $175.00 price target (up previously from $165.00) on shares of Apple in a research report on Wednesday, August 2nd. Rosenblatt Securities reiterated a “neutral” rating and set a $150.00 price objective on shares of Apple in a research report on Thursday, September 21st. Finally, Bank of America Corporation reiterated a “buy” rating and set a $180.00 price objective on shares of Apple in a research report on Tuesday, September 26th. Seven research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $200.24.

Shares of Apple (NASDAQ:AAPL) traded down $0.17 during mid-day trading on Wednesday, hitting $169.98. 16,245,400 shares of the stock were exchanged, compared to its average volume of 27,165,373. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. The company has a market capitalization of $872,730.00, a price-to-earnings ratio of 18.50, a PEG ratio of 1.36 and a beta of 1.25. Apple has a 52-week low of $108.25 and a 52-week high of $176.24.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same period in the previous year, the business posted $1.50 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. sell-side analysts forecast that Apple will post 11.18 EPS for the current year.

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In related news, CEO Timothy D. Cook sold 268,623 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $154.21, for a total value of $9,775,063.48. The disclosure for this sale can be found here. Insiders sold 410,352 shares of company stock valued at $65,356,512 in the last ninety days. Insiders own 0.08% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its position in shares of Apple by 2.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,898,389 shares of the iPhone maker’s stock worth $600,820,000 after purchasing an additional 107,151 shares during the last quarter. Crestwood Advisors Group LLC lifted its position in shares of Apple by 0.5% during the 3rd quarter. Crestwood Advisors Group LLC now owns 245,979 shares of the iPhone maker’s stock worth $37,910,000 after purchasing an additional 1,127 shares during the last quarter. Orleans Capital Management Corp LA lifted its position in shares of Apple by 1.6% during the 3rd quarter. Orleans Capital Management Corp LA now owns 24,692 shares of the iPhone maker’s stock worth $3,806,000 after purchasing an additional 395 shares during the last quarter. Cambridge Financial Group Inc. lifted its position in shares of Apple by 1.3% during the 3rd quarter. Cambridge Financial Group Inc. now owns 38,962 shares of the iPhone maker’s stock worth $6,005,000 after purchasing an additional 515 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Apple by 1,533.6% during the 3rd quarter. GSA Capital Partners LLP now owns 42,064 shares of the iPhone maker’s stock worth $6,483,000 after purchasing an additional 39,489 shares during the last quarter. 59.87% of the stock is owned by institutional investors and hedge funds.

Apple Company Profile

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)

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