Apple Inc. (NASDAQ:AAPL)‘s stock had its “buy” rating restated by Stifel Nicolaus in a research report issued on Friday. They currently have a $120.00 target price on the iPhone maker’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 5.65% from the stock’s previous close.

A number of other research firms also recently weighed in on AAPL. Citigroup Inc. restated a “buy” rating and issued a $115.00 target price on shares of Apple in a research report on Wednesday, July 6th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $153.00 price objective on shares of Apple in a research report on Tuesday, July 26th. Cowen and Company reiterated an “outperform” rating and set a $125.00 price objective on shares of Apple in a research report on Thursday, July 28th. BTIG Research increased their price objective on Apple from $124.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, September 15th. Finally, Sanford C. Bernstein reiterated a “buy” rating and set a $135.00 price objective on shares of Apple in a research report on Tuesday, June 14th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, forty-two have given a buy rating and two have given a strong buy rating to the stock. Apple has a consensus rating of “Buy” and a consensus price target of $126.49.

Apple (NASDAQ:AAPL) opened at 113.58 on Friday. Apple has a 52 week low of $89.47 and a 52 week high of $123.82. The stock has a 50 day moving average price of $108.13 and a 200 day moving average price of $102.24. The firm has a market cap of $612.02 billion, a price-to-earnings ratio of 13.24 and a beta of 1.14.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. The firm earned $42.36 billion during the quarter, compared to the consensus estimate of $42.35 billion. Apple had a return on equity of 37.89% and a net margin of 21.70%. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 earnings per share. Equities research analysts expect that Apple will post $8.26 EPS for the current year.

In other news, SVP Angela J. Ahrendts sold 25,000 shares of the stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $100.00, for a total value of $2,500,000.00. Following the transaction, the senior vice president now owns 105,839 shares in the company, valued at approximately $10,583,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP D Bruce Sewell sold 24,000 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $110.11, for a total transaction of $2,642,640.00. Following the completion of the transaction, the senior vice president now owns 192,024 shares in the company, valued at approximately $21,143,762.64. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Cordasco Financial Network boosted its position in shares of Apple by 0.4% in the second quarter. Cordasco Financial Network now owns 3,353 shares of the iPhone maker’s stock valued at $321,000 after buying an additional 12 shares during the period. Cidel Asset Management Inc. boosted its position in shares of Apple by 0.3% in the second quarter. Cidel Asset Management Inc. now owns 4,186 shares of the iPhone maker’s stock valued at $400,000 after buying an additional 13 shares during the period. Boston Standard Wealth Management LLC boosted its position in shares of Apple by 0.6% in the second quarter. Boston Standard Wealth Management LLC now owns 2,280 shares of the iPhone maker’s stock valued at $218,000 after buying an additional 14 shares during the period. Lbmc Investment Advisors LLC boosted its position in shares of Apple by 0.3% in the second quarter. Lbmc Investment Advisors LLC now owns 5,110 shares of the iPhone maker’s stock valued at $489,000 after buying an additional 15 shares during the period. Finally, Summit Financial Strategies Inc. boosted its position in shares of Apple by 0.3% in the second quarter. Summit Financial Strategies Inc. now owns 6,533 shares of the iPhone maker’s stock valued at $625,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 56.52% of the company’s stock.

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.

5 Day Chart for NASDAQ:AAPL

Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with MarketBeat.com's FREE daily email newsletter.