Apple Inc. (NASDAQ:AAPL)‘s stock had its “buy” rating restated by stock analysts at UBS AG in a research note issued on Tuesday. They currently have a $180.00 target price on the iPhone maker’s stock. UBS AG’s target price indicates a potential upside of 12.75% from the stock’s current price.

A number of other research firms also recently weighed in on AAPL. Barclays PLC reaffirmed a “hold” rating and issued a $146.00 target price on shares of Apple in a research report on Monday, September 4th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $190.00 target price on shares of Apple in a research report on Tuesday, September 5th. Robert W. Baird reaffirmed a “buy” rating and issued a $172.00 target price on shares of Apple in a research report on Tuesday, September 5th. Royal Bank Of Canada raised their target price on shares of Apple from $176.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 1st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Apple in a research report on Wednesday, September 6th. Eleven analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $187.54.

Shares of Apple (AAPL) opened at 159.65 on Tuesday. Apple has a 1-year low of $104.08 and a 1-year high of $164.94. The firm has a market cap of $824.63 billion, a price-to-earnings ratio of 18.13 and a beta of 1.27. The company has a 50 day moving average of $158.37 and a 200 day moving average of $149.12.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. During the same quarter in the prior year, the firm earned $1.42 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that Apple will post $9.02 earnings per share for the current fiscal year.

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In related news, Director Arthur D. Levinson sold 35,000 shares of Apple stock in a transaction on Monday, August 7th. The shares were sold at an average price of $157.58, for a total value of $5,515,300.00. Following the sale, the director now owns 1,168,283 shares in the company, valued at $184,098,035.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. In the last quarter, insiders sold 432,930 shares of company stock worth $69,008,577. 0.08% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Pinnacle Family Advisors LLC boosted its holdings in Apple by 17.8% in the second quarter. Pinnacle Family Advisors LLC now owns 13,454 shares of the iPhone maker’s stock valued at $1,938,000 after acquiring an additional 2,035 shares in the last quarter. Intl Fcstone Inc. boosted its holdings in Apple by 171.1% in the second quarter. Intl Fcstone Inc. now owns 31,725 shares of the iPhone maker’s stock valued at $4,569,000 after acquiring an additional 20,022 shares in the last quarter. Griffin Asset Management Inc. bought a new stake in Apple in the second quarter valued at $7,126,000. Gs Investments Inc. bought a new stake in Apple in the second quarter valued at $4,180,000. Finally, Aldebaran Financial Inc. boosted its holdings in Apple by 5.1% in the second quarter. Aldebaran Financial Inc. now owns 25,732 shares of the iPhone maker’s stock valued at $3,706,000 after acquiring an additional 1,255 shares in the last quarter. Institutional investors and hedge funds own 60.45% 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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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