Apple (NASDAQ:AAPL)‘s stock had its “strong-buy” rating reiterated by equities research analysts at Tigress Financial in a research report issued on Wednesday.

Other analysts have also issued reports about the stock. Barclays reaffirmed a “hold” rating and issued a $146.00 price target on shares of Apple in a research note on Monday, September 4th. Royal Bank Of Canada restated an “outperform” rating and issued a $180.00 price target on shares of Apple in a research report on Monday, September 11th. Morgan Stanley reiterated an “overweight” rating and issued a $194.00 price objective (up previously from $182.00) on shares of Apple in a research note on Tuesday, September 12th. Mizuho set a $160.00 price objective on shares of Apple and gave the company a “hold” rating in a research note on Wednesday, October 18th. Finally, Vetr lowered shares of Apple from a “buy” rating to a “hold” rating and set a $178.34 price target on the stock. in a research note on Friday, December 1st. Seven investment analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $200.27.

Apple (NASDAQ AAPL) traded down $0.63 during mid-day trading on Wednesday, hitting $169.01. 28,392,718 shares of the stock were exchanged, compared to its average volume of 27,264,920. Apple has a 52 week low of $109.16 and a 52 week high of $176.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. The firm has a market cap of $871,806.19, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 1.36 and a beta of 1.22.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. During the same period in the previous year, the company earned $1.50 EPS. Apple’s revenue for the quarter was up 12.2% on a year-over-year basis. equities research analysts expect that Apple will post 11.18 earnings per share for the current year.

In related news, insider Eduardo H. Cue sold 65,361 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Philip W. Schiller sold 56,808 shares of the stock in a transaction on Tuesday, October 3rd. The stock was 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. Insiders have sold a total of 217,326 shares of company stock worth $35,290,561 over the last 90 days. Company insiders own 0.08% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Berkshire Hathaway Inc. grew its holdings in Apple by 0.6% during the 2nd quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after buying an additional 834,854 shares in the last quarter. Capital Research Global Investors grew its holdings in Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after buying an additional 3,845,363 shares in the last quarter. Legal & General Group Plc grew its holdings in Apple by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker’s stock valued at $4,067,559,000 after buying an additional 287,027 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Apple by 9.3% during the 3rd quarter. Janus Henderson Group PLC now owns 21,854,159 shares of the iPhone maker’s stock valued at $3,367,571,000 after acquiring an additional 1,850,572 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Apple by 0.4% during the 3rd quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock valued at $2,966,581,000 after acquiring an additional 79,100 shares during the last quarter. Institutional investors own 59.56% of the company’s stock.

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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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