Apple Inc. (NASDAQ:AAPL) was upgraded by analysts at Rosenblatt Securities from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm presently has a $180.00 target price on the iPhone maker’s stock. Rosenblatt Securities’ price target points to a potential upside of 7.07% from the company’s current price.

Several other analysts also recently issued reports on AAPL. Zacks Investment Research raised Apple from a “hold” rating to a “buy” rating and set a $187.00 price target on the stock in a report on Tuesday. Royal Bank Of Canada raised their price target on Apple from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday. Loop Capital raised their price target on Apple to $200.00 and gave the stock a “buy” rating in a report on Friday. Maxim Group reissued a “buy” rating and issued a $193.00 price target on shares of Apple in a report on Thursday. Finally, BMO Capital Markets raised their price target on Apple to $195.00 and gave the stock an “outperform” rating in a report on Friday. Seven investment analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. Apple presently has an average rating of “Buy” and a consensus price target of $196.18.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. Apple had a return on equity of 35.40% and a net margin of 20.87%. The business had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same quarter last year, the firm earned $1.50 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year.

COPYRIGHT VIOLATION NOTICE: “Apple Inc. (AAPL) Upgraded by Rosenblatt Securities to “Buy”” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/11/03/apple-inc-aapl-upgraded-by-rosenblatt-securities-to-buy.html.

In other Apple news, CEO Timothy D. Cook sold 268,623 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $160.63, for a total value of $43,148,912.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Philip W. Schiller sold 56,808 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total value of $8,788,197.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 541,177 shares of company stock valued at $85,864,804. Corporate insiders own 0.08% of the company’s stock.

Several large investors have recently added to or reduced their stakes in AAPL. Vantage Financial Partners Ltd. Inc. acquired a new position in Apple during the second quarter worth $400,000. Blue Sky Asset Management LLC acquired a new position in Apple during the second quarter worth $108,000. FNY Managed Accounts LLC grew its holdings in Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares during the last quarter. Hefty Wealth Partners grew its holdings in Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 174 shares during the last quarter. Finally, American Beacon Advisors Inc. acquired a new stake in Apple in the first quarter valued at $117,000. 60.33% of the stock is currently owned by institutional investors and hedge funds.

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.