Apple Inc. (NASDAQ:AAPL)‘s stock had its “buy” rating restated by stock analysts at Drexel Hamilton in a research note issued to investors on Tuesday. They currently have a $185.00 price objective on the iPhone maker’s stock. Drexel Hamilton’s price objective points to a potential upside of 62.88% from the company’s previous close.

A number of other analysts have also weighed in on AAPL. Nomura reaffirmed a “buy” rating and set a $120.00 target price on shares of Apple in a report on Monday, May 23rd. Brean Capital reaffirmed a “buy” rating on shares of Apple in a report on Tuesday, May 24th. Pacific Crest raised shares of Apple to a “buy” rating in a report on Tuesday, May 24th. BMO Capital Markets reaffirmed a “buy” rating and set a $117.00 target price on shares of Apple in a report on Tuesday, May 24th. Finally, Morgan Stanley set a $120.00 target price on shares of Apple and gave the stock a “buy” rating in a report on Wednesday, May 25th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, forty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $126.49.

Analyst Recommendations for Apple (NASDAQ:AAPL)

Shares of Apple (NASDAQ:AAPL) opened at 113.58 on Tuesday. The stock has a 50 day moving average of $108.13 and a 200-day moving average of $102.24. The company has a market capitalization of $612.02 billion, a PE ratio of 13.24 and a beta of 1.14. Apple has a one year low of $89.47 and a one year high of $123.82.

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Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. Apple had a net margin of 21.70% and a return on equity of 37.89%. The company had revenue of $42.36 billion for the quarter, compared to analyst estimates of $42.35 billion. During the same quarter in the previous year, the firm posted $1.85 earnings per share. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, equities analysts forecast that Apple will post $8.26 earnings per share for the current fiscal year.

In related news, SVP Angela J. Ahrendts sold 35,797 shares of the business’s stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $100.00, for a total value of $3,579,700.00. Following the completion of the transaction, the senior vice president now owns 105,839 shares in the company, valued at approximately $10,583,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Angela J. Ahrendts sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $100.00, for a total transaction of $2,500,000.00. Following the completion of the transaction, the senior vice president now owns 105,839 shares of the company’s stock, valued at approximately $10,583,900. The disclosure for this sale can be found here. 0.08% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of AAPL. Penserra Capital Management LLC boosted its position in Apple by 39.2% in the second quarter. Penserra Capital Management LLC now owns 1,080 shares of the iPhone maker’s stock valued at $103,000 after buying an additional 304 shares during the period. Delphi Private Advisors LLC boosted its position in Apple by 5.0% in the second quarter. Delphi Private Advisors LLC now owns 1,462 shares of the iPhone maker’s stock valued at $140,000 after buying an additional 69 shares during the period. Hussman Strategic Advisors Inc. bought a new position in Apple during the second quarter valued at $143,000. River & Mercantile Asset Management LLP boosted its position in Apple by 22.8% in the second quarter. River & Mercantile Asset Management LLP now owns 1,800 shares of the iPhone maker’s stock valued at $172,000 after buying an additional 334 shares during the period. Finally, Roble Belko & Company Inc boosted its position in Apple by 60.6% in the second quarter. Roble Belko & Company Inc now owns 1,803 shares of the iPhone maker’s stock valued at $172,000 after buying an additional 680 shares during the period. Hedge funds and other institutional investors own 56.52% of the company’s stock.

Apple Company Profile

Apple Inc (Apple) 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. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

5 Day Chart for NASDAQ:AAPL

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