Apple Inc. (AAPL) PT Set at $195.00 by Sanford C. Bernstein

Apple Inc. (NASDAQ:AAPL) has been given a $195.00 target price by equities research analysts at Sanford C. Bernstein in a research report issued to clients and investors on Friday, November 3rd. The brokerage presently has a “buy” rating on the iPhone maker’s stock. Sanford C. Bernstein’s price target suggests a potential upside of 11.45% from the company’s current price.

Several other analysts have also issued reports on the company. Robert W. Baird set a $190.00 price target on Apple and gave the company a “buy” rating in a report on Friday, November 3rd. Macquarie set a $188.00 price target on Apple and gave the company a “buy” rating in a report on Friday, November 3rd. Atlantic Securities set a $190.00 price target on Apple and gave the company a “buy” rating in a report on Friday, November 3rd. UBS AG reaffirmed a “buy” rating and issued a $190.00 price objective (up previously from $180.00) on shares of Apple in a research note on Friday, November 3rd. Finally, Rosenblatt Securities raised Apple from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $150.00 to $180.00 in a research note on Friday, November 3rd. Seven analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $200.24.

Apple (AAPL) traded up $1.82 during trading on Friday, reaching $174.96. The company had a trading volume of 25,572,475 shares, compared to its average volume of 27,150,229. 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. The stock has a market capitalization of $898,300.00, a PE ratio of 18.48, a PEG ratio of 1.36 and a beta of 1.25.

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

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In other news, insider Johny Srouji sold 5,892 shares of Apple stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $161.00, for a total transaction of $948,612.00. Following the sale, the insider now owns 70,358 shares of the company’s stock, valued at approximately $11,327,638. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 410,352 shares of company stock worth $65,356,512. Insiders own 0.08% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Saratoga Research & Investment Management raised its position in shares of Apple by 0.6% during the 1st quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock valued at $95,840,000 after buying an additional 4,137 shares during the period. Pinnacle Bank purchased a new stake in shares of Apple during the 1st quarter valued at approximately $1,924,000. Green Square Capital LLC raised its position in shares of Apple by 6.7% during the 1st quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock valued at $12,564,000 after buying an additional 5,491 shares during the period. Headinvest LLC raised its position in shares of Apple by 2.5% during the 2nd quarter. Headinvest LLC now owns 16,295 shares of the iPhone maker’s stock valued at $2,347,000 after buying an additional 390 shares during the period. Finally, YHB Investment Advisors Inc. raised its position in shares of Apple by 7.6% during the 2nd quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock valued at $19,614,000 after buying an additional 9,663 shares during the period. 59.87% of the stock is currently owned by hedge funds and other institutional investors.

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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