Loop Capital Boosts Apple (NASDAQ:AAPL) Price Target to $210.00

Apple (NASDAQ:AAPL) had its price objective lifted by research analysts at Loop Capital from $165.00 to $210.00 in a note issued to investors on Friday, The Fly reports. Loop Capital’s price target would suggest a potential upside of 21.96% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Wedbush upgraded shares of Apple to an “outperform” rating and boosted their price objective for the stock from $185.00 to $200.00 in a research report on Thursday, December 2nd. JPMorgan Chase & Co. set a $210.00 target price on shares of Apple and gave the company an “overweight” rating in a report on Tuesday, December 14th. Barclays lifted their target price on shares of Apple from $142.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, October 29th. Sanford C. Bernstein lifted their target price on shares of Apple from $132.00 to $170.00 in a report on Tuesday. Finally, Credit Suisse Group started coverage on shares of Apple in a research note on Friday, October 29th. They issued a “neutral” rating and a $150.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Apple has an average rating of “Buy” and an average target price of $175.65.

Shares of Apple stock opened at $172.19 on Friday. Apple has a 52-week low of $116.21 and a 52-week high of $182.94. The company has a 50 day moving average of $167.40 and a 200 day moving average of $153.84. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $2.81 trillion, a P/E ratio of 30.64, a P/E/G ratio of 2.41 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Wednesday, October 27th. The iPhone maker reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. The business had revenue of $83.40 billion during the quarter, compared to the consensus estimate of $84.94 billion. Apple had a net margin of 25.88% and a return on equity of 144.13%. The company’s revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 EPS. As a group, research analysts anticipate that Apple will post 5.82 earnings per share for the current fiscal year.

In other news, insider Chris Kondo sold 9,005 shares of the stock in a transaction that occurred on Friday, November 12th. The stock was sold at an average price of $150.00, for a total transaction of $1,350,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Deirdre O’brien sold 18,247 shares of the firm’s stock in a transaction on Monday, October 18th. The stock was sold at an average price of $146.35, for a total value of $2,670,448.45. The disclosure for this sale can be found here. Insiders sold 218,081 shares of company stock valued at $32,383,704 in the last ninety days. 0.06% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. First Bank & Trust lifted its stake in shares of Apple by 0.4% during the 3rd quarter. First Bank & Trust now owns 17,600 shares of the iPhone maker’s stock valued at $2,491,000 after buying an additional 69 shares in the last quarter. Blossom Wealth Management lifted its stake in shares of Apple by 1.4% during the 3rd quarter. Blossom Wealth Management now owns 5,197 shares of the iPhone maker’s stock valued at $735,000 after buying an additional 70 shares in the last quarter. Gibson Capital LLC lifted its stake in shares of Apple by 0.7% during the 3rd quarter. Gibson Capital LLC now owns 9,442 shares of the iPhone maker’s stock valued at $1,330,000 after buying an additional 70 shares in the last quarter. FOCUS Wealth Advisors LLC lifted its stake in shares of Apple by 0.5% during the 3rd quarter. FOCUS Wealth Advisors LLC now owns 14,609 shares of the iPhone maker’s stock valued at $2,067,000 after buying an additional 71 shares in the last quarter. Finally, Schulhoff & Co. Inc. lifted its stake in shares of Apple by 0.3% during the 3rd quarter. Schulhoff & Co. Inc. now owns 22,482 shares of the iPhone maker’s stock valued at $3,181,000 after buying an additional 75 shares in the last quarter. 56.49% of the stock is currently owned by institutional investors.

About Apple

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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