Apple Hits New 12-Month High at $102.17 (AAPL)
Shares of Apple (NASDAQ:AAPL) hit a new 52-week high during trading on Monday , Analyst RN reports. The stock traded as high as $102.17 and last traded at $101.56, with a volume of 26,387,879 shares changing hands. The stock had previously closed at $101.32.
A number of research firms have recently commented on AAPL. Analysts at Nomura reiterated a “hold” rating on shares of Apple in a research note on Wednesday, July 23rd. They now have a $95.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Apple from $102.00 to $104.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Apple in a research note on Wednesday, July 23rd. They now have a $95.00 price target on the stock, up previously from $88.71. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $101.30.
The stock has a 50-day moving average of $96.58 and a 200-day moving average of $85.58. The company has a market cap of $608.2 billion and a P/E ratio of 16.34.
Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, July 22nd. The company reported $1.28 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $7.47 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts predict that Apple will post $6.33 earnings per share 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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