Apple (NASDAQ:AAPL)‘s stock had its “sell” rating restated by analysts at Stifel Nicolaus in a research note issued to investors on Wednesday, The Fly reports. They presently have a $26.00 price target on the iPhone maker’s stock, up from their prior price target of $22.00. Stifel Nicolaus’ price target would indicate a potential downside of 84.95% from the stock’s previous close.

Several other equities analysts also recently weighed in on AAPL. Bank of America reissued a “buy” rating and set a $180.00 price target on shares of Apple in a research report on Tuesday, September 26th. Rosenblatt Securities restated a “neutral” rating and set a $150.00 price objective on shares of Apple in a report on Thursday, September 21st. Sanford C. Bernstein restated a “buy” rating and set a $175.00 price objective on shares of Apple in a report on Tuesday, September 26th. Raymond James Financial restated an “outperform” rating and set a $180.00 price objective (up previously from $170.00) on shares of Apple in a report on Tuesday, September 26th. Finally, Vetr cut Apple from a “buy” rating to a “hold” rating and set a $178.34 price objective on the stock. in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $197.57.

Apple (NASDAQ AAPL) traded up $1.10 during trading on Wednesday, reaching $172.80. The company’s stock had a trading volume of 8,706,814 shares, compared to its average volume of 27,247,959. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $886,541.63, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22. Apple has a one year low of $113.75 and a one year high of $176.24.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion during 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%. Apple’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 earnings per share. research analysts anticipate that Apple will post 11.18 earnings per share for the current fiscal year.

In other Apple news, insider Philip W. Schiller sold 56,808 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total transaction of $8,788,197.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 232,967 shares of company stock worth $37,944,683. Company insiders own 0.08% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of Apple in the second quarter worth $400,000. Blue Sky Asset Management LLC bought a new stake in Apple in the second quarter worth $108,000. FNY Managed Accounts LLC boosted 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 worth $115,000 after purchasing an additional 716 shares in the last quarter. Hefty Wealth Partners boosted its holdings 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 purchasing an additional 174 shares in the last quarter. Finally, Armbruster Capital Management Inc. boosted its holdings in Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after purchasing an additional 78 shares in the last quarter. 59.78% of the stock is currently owned by institutional investors.

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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.

The Fly

Analyst Recommendations for Apple (NASDAQ:AAPL)

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