Apple (NASDAQ:AAPL)‘s stock had its “buy” rating reissued by stock analysts at KeyCorp in a report issued on Thursday. They currently have a $192.00 price objective on the iPhone maker’s stock. KeyCorp’s price objective would suggest a potential upside of 13.60% from the company’s previous close.

Other research analysts also recently issued reports about the company. Oppenheimer reissued a “” rating on shares of Apple in a research note on Thursday, August 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $180.00 price target on shares of Apple in a research note on Tuesday, August 22nd. Longbow Research reaffirmed a “buy” rating and set a $173.00 price target on shares of Apple in a research note on Friday, August 11th. Vetr raised Apple from a “hold” rating to a “buy” rating and set a $165.48 price target on the stock in a research note on Thursday, August 10th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $208.00 price target on shares of Apple in a research note on Wednesday, August 9th. Seven investment analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Apple has a consensus rating of “Buy” and a consensus target price of $200.27.

Apple (AAPL) traded down $0.63 during midday trading on Thursday, hitting $169.01. The company’s stock had a trading volume of 28,560,000 shares, compared to its average volume of 27,270,385. Apple has a 1 year low of $109.16 and a 1 year high of $176.24. The company has a market cap of $872,060.00, a price-to-earnings ratio of 18.44, a PEG ratio of 1.36 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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. The company had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 EPS. analysts forecast that Apple will post 11.18 earnings per share for the current year.

In other news, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the transaction, the insider now owns 39,682 shares in the company, valued at $6,839,192.70. The disclosure for this sale can be found here. Insiders sold a total of 217,326 shares of company stock valued at $35,290,561 in the last ninety days. 0.08% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Vista Private Wealth Partners. LLC acquired a new stake in Apple during the third quarter valued at $329,000. Sage Capital Advisors llc grew its position in shares of Apple by 58.0% in the third quarter. Sage Capital Advisors llc now owns 27,157 shares of the iPhone maker’s stock valued at $4,185,000 after purchasing an additional 9,972 shares during the period. Shelton Capital Management grew its position in shares of Apple by 2.3% in the third quarter. Shelton Capital Management now owns 437,397 shares of the iPhone maker’s stock valued at $67,412,000 after purchasing an additional 9,758 shares during the period. Burgundy Asset Management Ltd. grew its position in shares of Apple by 0.3% in the third quarter. Burgundy Asset Management Ltd. now owns 1,062,892 shares of the iPhone maker’s stock valued at $163,813,000 after purchasing an additional 2,830 shares during the period. Finally, Chicago Partners Investment Group LLC grew its position in shares of Apple by 2.4% in the third quarter. Chicago Partners Investment Group LLC now owns 34,445 shares of the iPhone maker’s stock valued at $5,309,000 after purchasing an additional 804 shares during the period. Institutional investors and hedge funds own 59.56% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Apple (AAPL) Given Buy Rating at KeyCorp” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/12/07/apple-aapl-given-buy-rating-at-keycorp.html.

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.