Apple Stock Rating Reaffirmed by Lazard Capital Markets (AAPL)
Apple (NASDAQ:AAPL)‘s stock had its “buy” rating reiterated by equities researchers at Lazard Capital Markets in a research report issued on Wednesday, Analyst Ratings News reports. They currently have a $570.00 price objective on the stock. Lazard Capital Markets’ target price would indicate a potential upside of 9.64% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Apple in a research note to investors on Wednesday. They now have a $560.00 price target on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of Apple in a research note to investors on Wednesday. They now have a $518.00 price target on the stock, up previously from $480.00. Finally, analysts at Societe Generale upgraded shares of Apple from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $575.00 price target on the stock, up previously from $500.00. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, forty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $559.05.
Apple (NASDAQ:AAPL) traded up 0.51% during mid-day trading on Wednesday, hitting $522.54. 4,624,186 shares of the company’s stock traded hands. Apple has a 1-year low of $385.10 and a 1-year high of $705.07. The stock has a 50-day moving average of $481.3 and a 200-day moving average of $444.. The company has a market cap of $474.7 billion and a P/E ratio of 12.96. Apple also was the recipient of unusually large options trading on Tuesday. Investors bought 409,202 call options on the stock. This is an increase of approximately 159% compared to the average volume of 158,209 call options.
In other Apple news, SVP Jeffrey E. Williams unloaded 1,843 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $501.09, for a total transaction of $923,508.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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