Apple (NASDAQ:AAPL)‘s stock had its “buy” rating reissued by equities researchers at Rosenblatt Securities in a report issued on Friday.

A number of other research analysts have also recently commented on AAPL. Mizuho reaffirmed a “neutral” rating and set a $175.00 price target (up previously from $160.00) on shares of Apple in a research report on Friday. Barclays set a $174.00 price target on Apple and gave the company a “neutral” rating in a research report on Thursday. Zacks Investment Research raised Apple from a “hold” rating to a “buy” rating and set a $197.00 price target on the stock in a research report on Thursday. Bank of America cut Apple from a “buy” rating to a “neutral” rating and upped their price target for the company from $180.00 to $220.00 in a research report on Wednesday. Finally, Longbow Research cut Apple from a “buy” rating to a “neutral” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $200.59.

Shares of Apple (AAPL) traded up $0.16 during trading hours on Friday, reaching $179.26. The company’s stock had a trading volume of 31,170,801 shares, compared to its average volume of 25,540,734. The company has a market cap of $913,500.00, a P/E ratio of 19.51, a PEG ratio of 1.46 and a beta of 1.23. 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 has a 52-week low of $119.37 and a 52-week high of $180.10.

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 firm 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%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 EPS. sell-side analysts forecast that Apple will post 11.18 EPS for the current year.

In other Apple news, insider Johny Srouji sold 10,368 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $174.68, for a total value of $1,811,082.24. Following the sale, the insider now owns 81,560 shares of the company’s stock, valued at approximately $14,246,900.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total value 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. In the last ninety days, insiders sold 128,412 shares of company stock worth $22,115,155. Insiders own 0.08% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. YHB Investment Advisors Inc. grew its position in Apple by 7.6% during the 2nd quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock worth $19,614,000 after acquiring an additional 9,663 shares during the last quarter. Lederer & Associates Investment Counsel CA grew its position in Apple by 2.1% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock worth $5,377,000 after acquiring an additional 779 shares during the last quarter. Empirical Financial Services LLC grew its position in Apple by 23.9% during the 2nd quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock worth $3,105,000 after acquiring an additional 4,154 shares during the last quarter. Carnick & Kubik Group LLC grew its position in Apple by 14.4% during the 2nd quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock worth $2,987,000 after acquiring an additional 2,612 shares during the last quarter. Finally, GenTrust LLC grew its position in Apple by 1,022.9% during the 2nd quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock worth $4,942,000 after acquiring an additional 31,259 shares during the last quarter. Hedge funds and other institutional investors own 60.19% of the company’s stock.

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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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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