Evercore Partners Increases Apple Price Target to $630.00 (AAPL)
Research analysts at Evercore Partners raised their price target on shares of Apple (NASDAQ:AAPL) from $600.00 to $630.00 in a report released on Wednesday, StockRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. Evercore Partners’ price objective indicates a potential upside of 19.78% from the company’s current price.
In other Apple news, SVP Jeffrey E. Williams unloaded 1,843 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $501.09, for a total value of $923,508.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Apple (NASDAQ:AAPL) traded down 1.12% on Wednesday, hitting $525.958. 12,064,019 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’s 50-day moving average is $481.3 and its 200-day moving average is $444.. The company has a market cap of $477.8 billion and a price-to-earnings ratio of 13.26.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Apple in a research note to investors on Wednesday. They now have a $513.00 price target on the stock, up previously from $480.00. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, forty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Apple has a consensus rating of “Buy” and a consensus target price 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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