Apple (NASDAQ:AAPL)‘s stock had its “outperform” rating reaffirmed by Bank of America in a research note issued on Thursday. They presently have a $220.00 price objective on the iPhone maker’s stock. Bank of America’s target price indicates a potential upside of 40.66% from the company’s current price.

A number of other research analysts also recently commented on the stock. ValuEngine downgraded shares of Apple from a “buy” rating to a “hold” rating in a research note on Thursday. Goldman Sachs Group assumed coverage on shares of Apple in a research note on Wednesday. They set a “neutral” rating and a $161.00 price objective for the company. William Blair reaffirmed an “outperform” rating on shares of Apple in a research note on Friday, February 2nd. KeyCorp reaffirmed an “equal weight” rating on shares of Apple in a research note on Sunday, February 4th. Finally, Morgan Stanley upped their price objective on shares of Apple from $200.00 to $203.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $201.72.

Apple (NASDAQ:AAPL) traded up $1.89 during trading hours on Thursday, reaching $156.41. 70,670,000 shares of the company’s stock were exchanged, compared to its average volume of 36,820,000. The stock has a market cap of $800,070.00, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 1.17 and a beta of 1.33. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. Apple has a 52 week low of $131.12 and a 52 week high of $180.10.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.82 by $0.07. The company had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.36 EPS. equities analysts predict that Apple will post 11.4 earnings per share for the current year.

In other Apple news, SVP Johny Srouji sold 5,760 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total value of $1,004,544.00. Following the completion of the sale, the senior vice president now owns 81,560 shares of the company’s stock, valued at $14,224,064. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the completion of the sale, the insider now directly owns 39,682 shares of the company’s stock, valued at approximately $6,839,192.70. The disclosure for this sale can be found here. Insiders sold 128,412 shares of company stock valued at $22,115,155 in the last ninety days. 0.08% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Blue Sky Asset Management LLC bought a new position in Apple during the second quarter worth $108,000. University of Texas Investment Managment Co. bought a new position in Apple during the fourth quarter worth $114,000. FNY Managed Accounts LLC lifted its stake in Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 716 shares during the last quarter. Private Vista LLC bought a new position in Apple during the second quarter worth $122,000. Finally, Armbruster Capital Management Inc. lifted its stake in Apple by 9.4% during the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after purchasing an additional 78 shares during the last quarter. Institutional investors own 60.23% of the company’s stock.

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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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