Apple’s (AAPL) Buy Rating Reaffirmed at Loop Capital
Apple (NASDAQ:AAPL)‘s stock had its “buy” rating reissued by stock analysts at Loop Capital in a report issued on Friday. They currently have a $200.00 price target on the iPhone maker’s stock. Loop Capital’s price objective would suggest a potential upside of 14.28% from the company’s current price.
AAPL has been the subject of a number of other reports. Vetr upgraded Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 target price for the company in a research report on Friday, September 22nd. Rosenblatt Securities restated a “hold” rating and issued a $150.00 price target on shares of Apple in a research report on Sunday, October 15th. Citigroup restated a “buy” rating and issued a $200.00 price target (up from $170.00) on shares of Apple in a research report on Friday, November 3rd. They noted that the move was a valuation call. UBS Group set a $190.00 price target on Apple and gave the stock a “buy” rating in a research report on Monday, December 4th. Finally, Bank of America restated a “buy” rating and issued a $180.00 price target on shares of Apple in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $198.61.
Apple (NASDAQ AAPL) remained flat at $$175.01 during midday trading on Friday. 16,052,615 shares of the company traded hands, compared to its average volume of 27,183,639. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $898,560.00, a P/E ratio of 19.04, a P/E/G ratio of 1.40 and a beta of 1.24. Apple has a 12-month low of $114.76 and a 12-month high of $177.20.
In other Apple news, insider Philip W. Schiller sold 56,808 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $169.69, for a total value of $2,654,121.29. Following the completion of the transaction, the insider now directly owns 17,341 shares of the company’s stock, valued at $2,942,594.29. The disclosure for this sale can be found here. Insiders sold 232,967 shares of company stock valued at $37,944,683 over the last three months. 0.08% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in AAPL. Willingdon Wealth Management lifted its stake in shares of Apple by 2.2% in the 1st quarter. Willingdon Wealth Management now owns 25,098 shares of the iPhone maker’s stock worth $3,606,000 after purchasing an additional 530 shares during the period. LSV Asset Management raised its position in Apple by 16.4% in the 1st quarter. LSV Asset Management now owns 1,503,492 shares of the iPhone maker’s stock valued at $215,991,000 after purchasing an additional 211,684 shares in the last quarter. Nwam LLC raised its position in Apple by 0.5% in the 1st quarter. Nwam LLC now owns 64,928 shares of the iPhone maker’s stock valued at $9,328,000 after purchasing an additional 336 shares in the last quarter. Strategic Financial Group LLC raised its position in Apple by 0.9% in the 1st quarter. Strategic Financial Group LLC now owns 17,968 shares of the iPhone maker’s stock valued at $2,581,000 after purchasing an additional 160 shares in the last quarter. Finally, Davis Rea LTD. raised its position in Apple by 2.2% in the 1st quarter. Davis Rea LTD. now owns 26,014 shares of the iPhone maker’s stock valued at $3,737,000 after purchasing an additional 560 shares in the last quarter. 59.62% of the stock is owned by institutional investors.
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.
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.