Apple Stock Rating Reaffirmed by FBR Capital Markets (AAPL)
Apple (NASDAQ:AAPL)‘s stock had its “outperform” rating reiterated by equities research analysts at FBR Capital Markets in a research note issued to investors on Friday, Stock Ratings News reports. They currently have a $525.00 target price on the stock. FBR Capital Markets’ price target points to a potential downside of 1.30% from the stock’s previous close.
Apple (NASDAQ:AAPL) traded down 0.92% on Friday, hitting $527.00. The stock had a trading volume of 6,629,720 shares. Apple has a 52 week low of $385.10 and a 52 week high of $705.07. The stock’s 50-day moving average is $481.3 and its 200-day moving average is $444.. The company has a market cap of $478.8 billion and a price-to-earnings ratio of 13.26. Apple also was the target of some unusual options trading on Tuesday. Investors purchased 409,202 call options on the stock. This represents an increase of approximately 159% compared to the average daily volume of 158,209 call options.
In other Apple news, SVP Jeffrey E. Williams sold 1,843 shares of Apple stock on the open market in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $501.09, for a total value of $923,508.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Evercore Partners raised their price target on shares of Apple from $600.00 to $630.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Lazard Capital Markets reiterated a “buy” rating on shares of Apple in a research note to investors on Wednesday. They now have a $570.00 price target on the stock. Finally, 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. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, forty-three have given a buy rating and two have issued a strong buy rating to the stock. Apple presently has a consensus rating of “Buy” and a consensus price target of $559.69.
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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