Susquehanna Reiterates Buy Rating for Apple (AAPL)
Apple (NASDAQ:AAPL)‘s stock had its “buy” rating restated by Susquehanna in a research note issued on Monday, AnalystRatings.Net reports.
Apple (NASDAQ:AAPL) traded up 1.22% during mid-day trading on Monday, hitting $531.37. The stock had a trading volume of 4,915,405 shares. Apple has a 52-week low of $388.87 and a 52-week high of $575.14. The stock’s 50-day moving average is $531.0 and its 200-day moving average is $531.0. The company has a market cap of $474.0 billion and a P/E ratio of 13.05.
Apple (NASDAQ:AAPL) last announced its earnings results on Monday, January 27th. The company reported $14.50 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $13.81 earnings per share. Apple’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Apple will post $42.64 EPS for the current fiscal year.
AAPL has been the subject of a number of other recent research reports. Analysts at Deutsche Bank initiated coverage on shares of Apple in a research note on Thursday, April 10th. They set a “buy” rating and a $650.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Apple from $560.00 to $565.00 in a research note on Friday, April 4th. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Apple in a research note on Thursday, March 27th. They now have a $625.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $593.87.
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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