Apple Given Consensus Rating of “Buy” by Analysts (NASDAQ:AAPL)
Apple (NASDAQ:AAPL) has earned a consensus rating of “Buy” from the fifty-nine brokerages that are currently covering the company, Analyst Ratings.Net reports. Three analysts have rated the stock with a sell rating, eight have given a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $599.53.
Shares of Apple (NASDAQ:AAPL) traded up 0.19% during mid-day trading on Monday, hitting $501.53. 14,374,396 shares of the company’s stock traded hands. Apple has a 52-week low of $385.10 and a 52-week high of $575.14. The stock’s 50-day moving average is $544.3 and its 200-day moving average is $509.9. The company has a market cap of $447.4 billion and a price-to-earnings ratio of 12.44.
Apple (NASDAQ:AAPL) last announced its earnings results on Monday, January 27th. The company reported $14.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $14.05 by $0.45. The company had revenue of $57.59 billion for the quarter, compared to the consensus estimate of $57.46 billion. During the same quarter in the prior year, the company posted $13.81 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts predict that Apple will post $42.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, February 13th. Investors of record on Monday, February 10th will be given a dividend of 3.05 per share. This represents a $12.20 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, February 6th.
AAPL has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of Apple from a “hold” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Apple in a research note to investors on Friday. They now have a $650.00 price target on the stock. Finally, analysts at Hilliard Lyons downgraded shares of Apple to a “buy” rating in a research note to investors on Tuesday, January 28th.
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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