Shares of Apple Inc. (NASDAQ:AAPL) have been assigned an average rating of “Buy” from the fifty-four analysts that are presently covering the stock, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold recommendation, forty-two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $162.86.

AAPL has been the topic of a number of analyst reports. UBS AG boosted their price target on Apple from $165.00 to $200.00 in a research report on Sunday, April 2nd. Bank of America Corporation reissued a “buy” rating and issued a $180.00 price target (up from $155.00) on shares of Apple in a research report on Friday, May 12th. Mizuho reissued a “buy” rating and issued a $150.00 price target on shares of Apple in a research report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) set a $170.00 price target on Apple and gave the stock a “buy” rating in a research report on Saturday, May 20th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $140.00 price target on shares of Apple in a research report on Friday, April 28th.

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Apple (NASDAQ AAPL) opened at 150.34 on Friday. Apple has a 12-month low of $96.42 and a 12-month high of $156.65. The company has a market cap of $783.85 billion, a price-to-earnings ratio of 17.64 and a beta of 1.31. The stock has a 50 day moving average price of $147.46 and a 200-day moving average price of $140.51.

Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.08. Apple had a return on equity of 35.09% and a net margin of 20.74%. The firm had revenue of $52.90 billion for the quarter, compared to the consensus estimate of $52.61 billion. On average, analysts predict that Apple will post $8.91 EPS for the current fiscal year.

Apple declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 2nd that authorizes the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization authorizes the iPhone maker to repurchase up to 6.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

In other Apple news, insider Angela J. Ahrendts sold 75,000 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $147.98, for a total transaction of $11,098,500.00. Following the sale, the insider now directly owns 154,116 shares in the company, valued at approximately $22,806,085.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Arthur D. Levinson sold 35,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $153.88, for a total transaction of $5,385,800.00. Following the sale, the director now owns 1,168,283 shares in the company, valued at $179,775,388.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 373,000 shares of company stock worth $56,497,046. Company insiders own 0.08% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Hefty Wealth Partners raised its stake in Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after buying an additional 174 shares during the period. American Beacon Advisors Inc. acquired a new stake in Apple during the first quarter worth about $117,000. Glacier Peak Capital LLC acquired a new stake in Apple during the fourth quarter worth about $127,000. Welch Investments LLC acquired a new stake in Apple during the fourth quarter worth about $146,000. Finally, Odey Holdings AG raised its stake in Apple by 27.3% in the fourth quarter. Odey Holdings AG now owns 1,273 shares of the iPhone maker’s stock worth $147,000 after buying an additional 273 shares during the period. Institutional investors own 61.21% 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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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