Apple Upgraded to Hold by Erste Group (AAPL)
A number of other analysts have also recently weighed in on AAPL. Analysts at ISi reiterated a “buy” rating on shares of Apple in a research note on Wednesday, May 14th. They now have a $590.00 price target on the stock. Separately, analysts at Monness Crespi & Hardt raised their price target on shares of Apple from $605.00 to $650.00 in a research note on Wednesday, May 14th. They now have a “buy” rating on the stock. Finally, analysts at Citigroup Inc. downgraded shares of Apple from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 9th. They now have a $675.00 price target on the stock, up previously from $600.00. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-eight have given a buy rating to the stock. Apple has a consensus rating of “Buy” and a consensus target price of $627.27.
Shares of Apple (NASDAQ:AAPL) traded up 1.27% during mid-day trading on Monday, hitting $605.116. The stock had a trading volume of 4,803,888 shares. Apple has a one year low of $388.87 and a one year high of $604.41. The stock has a 50-day moving average of $558.5 and a 200-day moving average of $541.8. The company has a market cap of $521.2 billion and a P/E ratio of 14.32.
Apple (NASDAQ:AAPL) last announced its earnings results on Wednesday, April 23rd. The company reported $11.62 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $10.09 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that Apple will post $44.11 EPS for the current fiscal year.
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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