UBS AG Reiterates “Buy” Rating for Apple Inc. (AAPL)
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.
TRADEMARK VIOLATION WARNING: “UBS AG Reiterates “Buy” Rating for Apple Inc. (AAPL)” was first published by Daily Political and is owned by of Daily Political. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/09/14/ubs-ag-reiterates-buy-rating-for-apple-inc-aapl.html.
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.
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.