Apple Inc. (NASDAQ:AAPL)‘s stock had its “hold” rating reaffirmed by research analysts at Stifel Nicolaus in a research note issued to investors on Tuesday. They currently have a $150.00 target price on the iPhone maker’s stock. Stifel Nicolaus’ target price suggests a potential downside of 1.37% from the stock’s previous close.

Several other research firms have also recently weighed in on AAPL. Argus reiterated an “outperform” rating and set a $160.00 price objective on shares of Apple in a report on Monday, May 15th. Hilliard Lyons lifted their price objective on Apple from $147.00 to $170.00 and gave the company a “buy” rating in a report on Monday, May 15th. Canaccord Genuity reiterated a “buy” rating and set a $180.00 price objective (up previously from $165.00) on shares of Apple in a report on Tuesday, May 16th. BMO Capital Markets reiterated an “outperform” rating and set a $170.00 price objective (up previously from $160.00) on shares of Apple in a report on Wednesday, May 17th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $177.00 price objective (up previously from $161.00) on shares of Apple in a report on Wednesday, May 17th. Eleven equities research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $159.22.

Shares of Apple (AAPL) traded up 0.62% during trading on Tuesday, hitting $153.04. The stock had a trading volume of 13,556,723 shares. The company has a market capitalization of $797.93 billion, a price-to-earnings ratio of 17.95 and a beta of 1.31. The firm has a 50 day moving average of $147.28 and a 200 day moving average of $141.20. Apple has a 1-year low of $96.42 and a 1-year high of $156.65.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.08. Apple had a return on equity of 35.09% and a net margin of 20.74%. The business had revenue of $52.90 billion for the quarter, compared to analysts’ expectations of $52.61 billion. Analysts expect that Apple will post $8.90 EPS for the current fiscal year.

Apple declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 2nd that allows the company to buyback $50.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to reacquire up to 6.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: “Stifel Nicolaus Reaffirms “Hold” Rating for Apple Inc. (AAPL)” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/07/25/stifel-nicolaus-reaffirms-hold-rating-for-apple-inc-aapl.html.

In related news, insider Daniel J. Riccio sold 11,949 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $142.86, for a total transaction of $1,707,034.14. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP D Bruce Sewell sold 67,500 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $148.76, for a total value of $10,041,300.00. Following the transaction, the senior vice president now owns 141,325 shares in the company, valued at approximately $21,023,507. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 373,000 shares of company stock worth $56,497,046. 0.08% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in AAPL. FC Advisory LLC increased its position in shares of Apple by 0.4% in the second quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock worth $371,000 after buying an additional 10 shares in the last quarter. Cordasco Financial Network increased its position in shares of Apple by 0.4% in the second quarter. Cordasco Financial Network now owns 3,353 shares of the iPhone maker’s stock worth $321,000 after buying an additional 12 shares in the last quarter. Lowe FS increased its position in shares of Apple by 0.6% in the third quarter. Lowe FS now owns 2,371 shares of the iPhone maker’s stock worth $261,000 after buying an additional 13 shares in the last quarter. Cidel Asset Management Inc. increased its position in shares of Apple by 0.3% in the second quarter. Cidel Asset Management Inc. now owns 4,186 shares of the iPhone maker’s stock worth $400,000 after buying an additional 13 shares in the last quarter. Finally, Boston Standard Wealth Management LLC increased its position in shares of Apple by 0.6% in the second quarter. Boston Standard Wealth Management LLC now owns 2,280 shares of the iPhone maker’s stock worth $218,000 after buying an additional 14 shares in the last quarter. Institutional investors own 61.23% 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)

Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with MarketBeat.com's FREE daily email newsletter.