Apple (NASDAQ:AAPL) has been assigned a $174.00 price target by equities researchers at Barclays in a report released on Thursday. The brokerage presently has a “neutral” rating on the iPhone maker’s stock. Barclays’ target price indicates a potential downside of 3.00% from the company’s previous close.

Several other analysts have also recently issued reports on AAPL. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $150.00 price target on shares of Apple in a report on Thursday, September 21st. Vetr raised shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 price target on the stock in a report on Friday, September 22nd. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $196.00 price target (up from $190.00) on shares of Apple in a report on Friday, September 22nd. Maxim Group reaffirmed a “buy” rating and issued a $182.00 price target on shares of Apple in a report on Friday, September 22nd. Finally, Citigroup reaffirmed a “buy” rating and issued a $170.00 price target on shares of Apple in a report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $200.25.

Shares of Apple (AAPL) opened at $179.38 on Thursday. The stock has a market cap of $919,300.00, a price-to-earnings ratio of 19.52, a P/E/G ratio of 1.44 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. Apple has a twelve month low of $119.37 and a twelve month high of $179.62.

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

In other news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the completion of the transaction, the insider now owns 13,739 shares in the company, valued at $2,401,302.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Johny Srouji sold 10,368 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the transaction, the insider now owns 81,560 shares of the company’s stock, valued at approximately $14,246,900.80. The disclosure for this sale can be found here. Insiders have sold 128,412 shares of company stock valued at $22,115,155 in the last 90 days. Insiders own 0.08% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in AAPL. Blue Sky Asset Management LLC purchased a new stake in Apple during the second quarter valued at about $108,000. Hefty Wealth Partners lifted its stake in Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 174 shares in the last quarter. FNY Managed Accounts LLC lifted its stake in Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 716 shares in the last quarter. Armbruster Capital Management Inc. lifted its stake in Apple by 35.1% during the third quarter. Armbruster Capital Management Inc. now owns 1,024 shares of the iPhone maker’s stock valued at $116,000 after buying an additional 266 shares in the last quarter. Finally, American Beacon Advisors Inc. purchased a new stake in Apple during the first quarter valued at about $117,000. Hedge funds and other institutional investors own 60.19% of the company’s stock.

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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)

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