Apple (NASDAQ:AAPL)‘s stock had its “buy” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report released on Friday. They presently have a $228.00 price target on the iPhone maker’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 49.71% from the company’s previous close.
Several other brokerages also recently issued reports on AAPL. Wells Fargo & Co set a $210.00 price objective on shares of Apple and gave the stock a “neutral” rating in a research note on Monday, October 1st. Oppenheimer reissued a “neutral” rating on shares of Apple in a research note on Monday, October 1st. Sanford C. Bernstein reaffirmed a “neutral” rating and set a $200.00 target price on shares of Apple in a research report on Thursday, September 13th. BMO Capital Markets raised shares of Apple to a “market perform” rating and set a $199.00 target price on the stock in a research report on Thursday, September 13th. Finally, Deutsche Bank raised their target price on shares of Apple to $205.00 and gave the stock a “hold” rating in a research report on Thursday, September 13th. Three investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and twenty-two have issued a buy rating to the company. Apple currently has a consensus rating of “Hold” and an average price target of $195.19.
Shares of NASDAQ:AAPL traded down $1.51 during trading on Friday, reaching $152.29. The company’s stock had a trading volume of 26,922,490 shares, compared to its average volume of 48,821,457. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 0.87. Apple has a 12 month low of $142.00 and a 12 month high of $233.47. The company has a market cap of $753.54 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.45 and a beta of 1.23.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, November 1st. The iPhone maker reported $2.91 EPS for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.13. Apple had a net margin of 22.41% and a return on equity of 48.68%. The firm had revenue of $62.90 billion during the quarter, compared to the consensus estimate of $61.55 billion. During the same quarter last year, the firm earned $2.07 EPS. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, equities analysts forecast that Apple will post 12.1 EPS for the current year.
In other news, insider Chris Kondo sold 3,408 shares of Apple stock in a transaction on Monday, November 19th. The shares were sold at an average price of $190.00, for a total transaction of $647,520.00. Following the completion of the sale, the insider now directly owns 8,940 shares in the company, valued at $1,698,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.06% of the company’s stock.
Several large investors have recently bought and sold shares of AAPL. Beacon Wealthcare Inc raised its position in shares of Apple by 5.0% in the fourth quarter. Beacon Wealthcare Inc now owns 1,502 shares of the iPhone maker’s stock worth $237,000 after acquiring an additional 71 shares during the period. Beaton Management Co. Inc. raised its position in shares of Apple by 1.8% in the third quarter. Beaton Management Co. Inc. now owns 6,842 shares of the iPhone maker’s stock worth $1,545,000 after acquiring an additional 120 shares during the period. Parkside Advisors LLC raised its position in shares of Apple by 3.6% in the fourth quarter. Parkside Advisors LLC now owns 4,018 shares of the iPhone maker’s stock worth $634,000 after acquiring an additional 139 shares during the period. Sound Income Strategies LLC raised its position in shares of Apple by 2.4% in the fourth quarter. Sound Income Strategies LLC now owns 6,729 shares of the iPhone maker’s stock worth $1,061,000 after acquiring an additional 158 shares during the period. Finally, Legacy Capital Partners Inc. raised its position in shares of Apple by 0.3% in the fourth quarter. Legacy Capital Partners Inc. now owns 63,063 shares of the iPhone maker’s stock worth $9,948,000 after acquiring an additional 193 shares during the period. Institutional investors and hedge funds own 57.06% of the company’s stock.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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