Apple’s Positive Rating Reaffirmed at Susquehanna (AAPL)
Apple (NASDAQ:AAPL)‘s stock had its “positive” rating restated by equities researchers at Susquehanna in a research report issued on Wednesday, Analyst Ratings Net reports.
A number of other firms have also recently commented on AAPL. Analysts at Barclays Capital reiterated an “overweight” rating on shares of Apple in a research note to investors on Tuesday. Separately, analysts at Wells Fargo & Co. reiterated a “positive” rating on shares of Apple in a research note to investors on Tuesday. Finally, analysts at Cowen and Company reiterated a “positive” rating on shares of Apple in a research note to investors on Monday. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, forty-one have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and a consensus price target of $557.25.
Shares of Apple (NASDAQ:AAPL) opened at 480.94 on Wednesday. Apple has a one year low of $385.10 and a one year high of $652.79. The stock has a 50-day moving average of $485.9 and a 200-day moving average of $449.4. The company has a market cap of $436.9 billion and a price-to-earnings ratio of 11.99. Apple also was the target of unusually large options trading on Monday. Investors purchased 190,389 call options on the stock. This is an increase of 178% compared to the typical volume of 68,450 call options.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $7.47 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Apple will post $39.32 earnings per share 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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