Apple’s (AAPL) Neutral Rating Reiterated at Mizuho

Apple (NASDAQ:AAPL)‘s stock had its “neutral” rating restated by equities researchers at Mizuho in a note issued to investors on Friday, MarketBeat reports. They presently have a $175.00 price objective on the iPhone maker’s stock, up from their previous price objective of $160.00. Mizuho’s price target indicates a potential downside of 1.94% from the company’s current price.

Several other research analysts also recently commented on the company. Barclays set a $174.00 price objective on Apple and gave the company a “neutral” rating in a research note on Thursday. Zacks Investment Research raised Apple from a “hold” rating to a “buy” rating and set a $197.00 price objective for the company in a research note on Thursday. Bank of America cut Apple from a “buy” rating to a “neutral” rating and upped their target price for the company from $180.00 to $220.00 in a report on Wednesday. Longbow Research cut Apple from a “buy” rating to a “neutral” rating in a report on Wednesday. Finally, Maxim Group upped their target price on Apple from $193.00 to $204.00 and gave the company a “buy” rating in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $200.59.

Apple (NASDAQ AAPL) traded down $0.80 during midday trading on Friday, reaching $178.46. The company had a trading volume of 31,306,224 shares, compared to its average volume of 25,510,000. Apple has a 1 year low of $119.50 and a 1 year high of $180.10. 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 firm has a market cap of $912,180.00, a P/E ratio of 19.42, a P/E/G ratio of 1.45 and a beta of 1.23.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The firm had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same period in the prior year, the company earned $1.50 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. research analysts predict that Apple will post 11.15 EPS for the current fiscal year.

In other news, insider Eduardo H. Cue sold 65,361 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $174.78, for a total value of $2,733,733.98. Following the completion of the transaction, the insider now directly owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,412 shares of company stock valued at $22,115,155. Insiders own 0.08% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Sky Asset Management LLC acquired a new position in Apple in the second quarter valued at $108,000. FNY Managed Accounts LLC increased its stake in Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares during the last quarter. Private Vista LLC acquired a new position in Apple in the second quarter valued at $122,000. Armbruster Capital Management Inc. increased its stake in Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after purchasing an additional 78 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in Apple in the second quarter valued at $149,000. 60.19% of the stock is owned by institutional investors.

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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.

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