Apple Target of Unusually Large Options Trading (AAPL)
Shares of Apple (NASDAQ:AAPL) was the target of unusually large options trading activity on Monday. Stock investors acquired 139,558 put options on the company, StockRatingsNetwork reports. This represents an increase of 925% compared to the average daily volume of 13,611 put options.
A number of analysts have recently weighed in on AAPL shares. Analysts at Deutsche Bank raised their price target on shares of Apple (NASDAQ:AAPL) to $575.00 in a research note to investors on Monday. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Apple (NASDAQ:AAPL) in a research note to investors on Monday. They now have a $525.00 price target on the stock, down previously from $550.00. Finally, analysts at Lazard Capital Markets reiterated a “buy” rating on shares of Apple (NASDAQ:AAPL) in a research note to investors on Monday. They now have a $570.00 price target on the stock.
Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-seven have issued a buy rating and three have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $545.30.
Shares of Apple (NASDAQ:AAPL) traded up 4.97% during mid-day trading on Monday, hitting $490.64. The stock had a trading volume of 27,186,168 shares. Apple has a 1-year low of $385.10 and a 1-year high of $695.12. The stock has a 50-day moving average of $483.0 and a 200-day moving average of $445.4. The company has a market cap of $445.7 billion and a price-to-earnings ratio of 11.65.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $7.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.28 by $0.19. The company had revenue of $35.32 billion for the quarter, compared to the consensus estimate of $35.01 billion. During the same quarter in the previous year, the company posted $9.32 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Apple will post $39.17 EPS for the current fiscal year.
Apple Inc (NASDAQ:AAPL) 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.
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