Apple (AAPL) Rating Reiterated by William Blair

Apple (NASDAQ:AAPL)‘s stock had its “outperform” rating reiterated by analysts at William Blair in a research report issued on Friday.

A number of other research analysts also recently weighed in on AAPL. Vetr downgraded Apple from a “strong-buy” rating to a “buy” rating and set a $173.47 target price on the stock. in a report on Friday, October 6th. UBS Group reissued a “buy” rating and issued a $180.00 target price on shares of Apple in a report on Monday, October 9th. Drexel Hamilton reissued a “buy” rating and issued a $208.00 target price on shares of Apple in a report on Monday, October 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $180.00 target price on shares of Apple in a report on Tuesday, October 10th. Finally, Morgan Stanley reissued a “buy” rating and issued a $199.00 target price on shares of Apple in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Apple currently has an average rating of “Buy” and a consensus target price of $201.91.

Apple (AAPL) opened at $156.49 on Friday. The stock has a market capitalization of $803,470.00, a price-to-earnings ratio of 16.10, a PEG ratio of 1.28 and a beta of 1.33. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. Apple has a 1-year low of $128.90 and a 1-year high of $180.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.82 by $0.07. The firm had revenue of $88.29 billion for the quarter, compared to the consensus estimate of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.36 earnings per share. analysts predict that Apple will post 11.3 EPS for the current year.

In related news, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the completion of the sale, the insider now owns 13,739 shares in the company, valued at $2,401,302.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eduardo H. Cue sold 65,361 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. 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 quarter. 0.06% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in AAPL. Blue Sky Asset Management LLC bought a new stake in shares of Apple during the 2nd quarter worth approximately $108,000. Hefty Wealth Partners lifted its stake in shares of Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 174 shares during the last quarter. FNY Managed Accounts LLC lifted its stake in shares of Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 716 shares during the last quarter. Armbruster Capital Management Inc. lifted its stake in shares of Apple by 35.1% during the 3rd quarter. Armbruster Capital Management Inc. now owns 1,024 shares of the iPhone maker’s stock worth $116,000 after acquiring an additional 266 shares during the last quarter. Finally, American Beacon Advisors Inc. bought a new stake in shares of Apple during the 1st quarter worth approximately $117,000. Hedge funds and other institutional investors own 60.23% 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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