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Apple (NASDAQ:AAPL) was upgraded by Credit Agricole from an “outperform” rating to a “buy” rating in a research note issued on Thursday, reports. The firm currently has a $695.00 price objective on the stock, up from their previous price objective of $610.00. Credit Agricole’s target price would indicate a potential upside of 32.44% from the stock’s previous close.

The analysts wrote, “Near-term earnings risk is low as an expanded iPhone lineup mitigates iPhone 6 anticipating risk,” said Silver.An additional $4-5 per share could be provided by iWatch.Upside from an expanded services platform.From the Apple conference call, one of the most interesting data points was “over 50% of iPhone activations in the last six months were new users,” according to Silver. Silver feels Apple can “reclaim”

Shares of Apple (NASDAQ:AAPL) traded up 8.11% on Thursday, hitting $567.29. The stock had a trading volume of 16,759,219 shares. Apple has a 52-week low of $388.87 and a 52-week high of $575.14. The stock has a 50-day moving average of $530.9 and a 200-day moving average of $531.7. The company has a market cap of $506.0 billion and a P/E ratio of 13.04.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $11.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $10.13 by $1.49. The company had revenue of $45.65 billion for the quarter, compared to the consensus estimate of $43.55 billion. During the same quarter last year, the company posted $10.09 earnings per share. Apple’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Apple will post $42.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Investors of record on Monday, May 12th will be given a dividend of $3.29 per share. This represents a $13.16 dividend on an annualized basis and a yield of 2.51%.

A number of other firms have also recently commented on AAPL. Analysts at Bank of America reiterated a “neutral” rating on shares of Apple in a research note on Thursday. They now have a $615.00 price target on the stock, up previously from $590.00. Separately, analysts at Cowen and Company raised their price target on shares of Apple from $590.00 to $630.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Mizuho raised their price target on shares of Apple from $575.00 to $625.00 in a research note on Thursday. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Apple presently has an average rating of “Buy” and an average target price of $606.34.

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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