Apple Inc. (NASDAQ:AAPL) has been assigned a consensus recommendation of “Buy” from the fifty-three research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $198.96.

A number of brokerages recently weighed in on AAPL. Vetr upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 target price on the stock in a report on Friday, September 22nd. Rosenblatt Securities restated a “hold” rating and set a $150.00 target price on shares of Apple in a report on Sunday, October 15th. Citigroup restated a “buy” rating and set a $200.00 target price (up from $170.00) on shares of Apple in a report on Friday, November 3rd. They noted that the move was a valuation call. UBS set a $190.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Monday, December 4th. Finally, Bank of America reaffirmed a “buy” rating and set a $180.00 price objective on shares of Apple in a research report on Tuesday, September 26th.

In related 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 transaction 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 company’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total transaction of $8,788,197.60. The disclosure for this sale can be found here. In the last three months, insiders sold 232,967 shares of company stock valued at $37,944,683. 0.08% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC increased its stake in shares of Apple by 4.1% in the third quarter. Parametric Portfolio Associates LLC now owns 12,109,070 shares of the iPhone maker’s stock valued at $1,866,250,000 after buying an additional 479,466 shares during the period. Vista Private Wealth Partners. LLC acquired a new position in shares of Apple in the third quarter valued at approximately $329,000. Sage Capital Advisors llc increased its stake 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 buying an additional 9,972 shares during the period. Shelton Capital Management increased its stake 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 buying an additional 9,758 shares during the period. Finally, Burgundy Asset Management Ltd. increased its stake 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 buying an additional 2,830 shares during the period. 59.78% of the stock is owned by institutional investors and hedge funds.

Apple (AAPL) opened at $173.97 on Monday. The firm has a market cap of $893,216.25, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.39 and a beta of 1.22. Apple has a fifty-two week low of $114.76 and a fifty-two week high of $176.24. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

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

COPYRIGHT VIOLATION NOTICE: This article was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/12/18/apple-inc-aapl-given-average-recommendation-of-buy-by-brokerages.html.

About Apple

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