Apple Receives “Positive” Rating from Susquehanna (AAPL)
Apple (NASDAQ:AAPL)‘s stock had its “positive” rating reaffirmed by research analysts at Susquehanna in a report released on Tuesday, AnalystRatingsNetwork reports.
Shares of Apple (NASDAQ:AAPL) traded up 1.55% on Tuesday, hitting $549.07. The stock had a trading volume of 11,732,374 shares. Apple has a 1-year low of $385.10 and a 1-year high of $575.14. The stock has a 50-day moving average of $553.9 and a 200-day moving average of $501.. The company has a market cap of $494.0 billion and a P/E ratio of 13.60.
Other equities research analysts have also recently issued reports about the stock. Analysts at Avondale Partners raised their price target on shares of Apple to $700.00 in a research note to investors on Tuesday. Separately, analysts at Societe Generale downgraded shares of Apple from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a $575.00 price target on the stock. Finally, analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of Apple in a research note to investors on Wednesday, January 15th. They now have a $581.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $606.90.
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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