Apple’s “Buy” Rating Reaffirmed at BMO Capital Markets (AAPL)
Apple (NASDAQ:AAPL)‘s stock had its “buy” rating reaffirmed by BMO Capital Markets in a research note issued on Monday, Analyst Ratings.Net reports.
Apple (NASDAQ:AAPL) opened at 467.41 on Monday. Apple has a 52 week low of $385.10 and a 52 week high of $695.12. The stock’s 50-day moving average is $483.0 and its 200-day moving average is $445.4. The company has a market cap of $424.6 billion and a P/E ratio of 11.65. Apple also saw unusually large options trading activity on Friday. Stock investors bought 18,634 put options on the company. This represents an increase of approximately 145% compared to the average volume of 7,598 put options.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $7.47 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $9.32 earnings per share. Apple’s revenue was up .9% compared to the same quarter last year. Analysts expect that Apple will post $39.17 EPS for the current fiscal year.
AAPL has been the subject of a number of other recent research reports. Analysts at Piper Jaffray Cos. reiterated an “overweight” rating on shares of Apple (NASDAQ:AAPL) in a research note to investors on Thursday. Separately, analysts at Morgan Stanley reiterated a “positive” rating on shares of Apple (NASDAQ:AAPL) in a research note to investors on Wednesday, September 18th. Finally, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Apple (NASDAQ:AAPL) in a research note to investors on Tuesday, September 17th.
Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, forty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Apple has a consensus rating of “Buy” and a consensus price target of $542.55.
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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