Barclays Reiterates “Equal Weight” Rating for Apple (AAPL)
Apple (NASDAQ:AAPL)‘s stock had its “equal weight” rating restated by equities research analysts at Barclays in a research note issued to investors on Tuesday. They currently have a $95.00 target price on the stock, up from their previous target price of $93.57. Barclays’ price target indicates a potential upside of 1.39% from the company’s current price.
Shares of Apple (NASDAQ:AAPL) traded up 0.49% on Tuesday, hitting $94.16. The stock had a trading volume of 57,769,272 shares. Apple has a 52-week low of $55.5529 and a 52-week high of $93.88. The stock has a 50-day moving average of $85.83 and a 200-day moving average of $79.16. The company has a market cap of $567.8 billion and a P/E ratio of 15.72.
Apple (NASDAQ:AAPL) last released its 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. Analysts expect that Apple will post $6.31 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on AAPL. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Apple in a research note on Monday. They now have a $110.00 price target on the stock, up previously from $93.00. Separately, analysts at Stifel raised their price target on shares of Apple from $93.00 to $110.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Apple from $87.14 to $97.86 in a research note on Thursday, June 5th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $107.77.
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.