Share on StockTwits

Investment analysts at ISI Group raised their target price on shares of Apple (NASDAQ:AAPL) from $96.00 to $105.00 in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. ISI Group’s target price would suggest a potential upside of 10.85% from the company’s current price.

A number of other analysts have also recently weighed in on AAPL. Analysts at Scotiabank reiterated a “sector perform” rating on shares of Apple in a research note on Monday. Separately, analysts at JMP Securities upgraded shares of Apple from a “market perform” rating to an “outperform” rating in a research note on Monday. They now have a $135.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Apple in a research note on Friday, July 18th. They now have a $98.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $100.24.

Shares of Apple (NASDAQ:AAPL) opened at 94.72 on Wednesday. Apple has a 52 week low of $59.8157 and a 52 week high of $97.10. The stock’s 50-day moving average is $93.06 and its 200-day moving average is $82.21. The company has a market cap of $571.1 billion and a P/E ratio of 15.76.

Apple (NASDAQ:AAPL) last released its earnings data on Tuesday, July 22nd. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.22 by $0.06. The company had revenue of $37.43 billion for the quarter, compared to the consensus estimate of $37.80 billion. During the same quarter in the prior year, the company posted $7.47 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that Apple will post $6.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Monday, August 11th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.98%.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.