Apple (NASDAQ: AAPL)‘s stock had its “buy” rating reaffirmed by UBS AG in a research note issued on Monday. They currently have a $700.00 price target on the stock.
A number of other firms have also recently commented on AAPL. Analysts at Credit Agricole set a $680.00 price target on shares of Apple in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Apple in a research note to investors on Thursday. They now have a $543.00 price target on the stock. Finally, analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of Apple in a research note to investors on Thursday. They now have a $745.00 price target on the stock.
Forty-one research analysts have rated the stock with a buy rating, five have given an overweight rating, seven have given a hold rating, and one has issued a sell rating to the stock. Apple presently has a consensus rating of “buy” and an average price target of $734.96.
Shares of Apple traded down 3.52% during mid-day trading on Monday, hitting $502.01. Apple has a one year low of $419.55 and a one year high of $705.07. The stock’s 50-day moving average is currently $540.3. The company has a market cap of $472.2 billion and a P/E ratio of 11.78.
Apple last released its earnings data on Thursday, October 25th. The company reported $8.67 earnings per share for the quarter, missing the analysts’ consensus estimate of $8.75 by $0.08. Apple’s revenue was up 27.2% compared to the same quarter last year. Apple has set its Q1 guidance at ~$11.75 EPS. Analysts expect that Apple will post $48.67 EPS for the current fiscal year.
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.
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