Apple (NASDAQ:AAPL) has been given a $250.00 target price by research analysts at UBS Group in a report issued on Tuesday, www.boersen-zeitung.de reports. The firm presently has a “buy” rating on the iPhone maker’s stock. UBS Group’s target price would indicate a potential upside of 11.69% from the company’s previous close.

Several other analysts also recently weighed in on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $240.00 target price on shares of Apple in a report on Tuesday. S&P Equity Research lifted their target price on shares of Apple to $250.00 and gave the company an “in-line” rating in a report on Tuesday. They noted that the move was a valuation call. Wells Fargo & Co reaffirmed a “neutral” rating and issued a $210.00 target price on shares of Apple in a report on Tuesday. Morgan Stanley set a $245.00 target price on shares of Apple and gave the company a “buy” rating in a report on Tuesday. Finally, Bank of America lifted their target price on shares of Apple from $250.00 to $256.00 and gave the company a “buy” rating in a report on Monday. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty have issued a buy rating to the company. Apple presently has an average rating of “Buy” and an average price target of $217.53.

Shares of NASDAQ:AAPL traded down $2.57 during midday trading on Tuesday, hitting $223.84. The stock had a trading volume of 31,902,300 shares, compared to its average volume of 31,129,857. The company has a market cap of $1,086.59 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 1.95 and a beta of 1.33. The company has a quick ratio of 1.24, a current ratio of 1.31 and a debt-to-equity ratio of 0.84. Apple has a 1 year low of $149.16 and a 1 year high of $229.67.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.16. The business had revenue of $53.27 billion for the quarter, compared to the consensus estimate of $52.43 billion. Apple had a net margin of 21.98% and a return on equity of 43.50%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 earnings per share. research analysts forecast that Apple will post 11.74 EPS for the current year.

In other Apple news, COO Jeffrey E. Williams sold 15,652 shares of Apple stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $190.18, for a total transaction of $2,976,697.36. Following the completion of the transaction, the chief operating officer now owns 125,258 shares in the company, valued at $23,821,566.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 265,160 shares of Apple stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $217.79, for a total transaction of $57,749,196.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 378,400 shares of company stock valued at $81,052,754. 0.08% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AAPL. Sanders Capital LLC raised its position in shares of Apple by 1.6% in the fourth quarter. Sanders Capital LLC now owns 8,623,285 shares of the iPhone maker’s stock valued at $1,574,905,000 after buying an additional 139,700 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Apple by 0.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 625,621 shares of the iPhone maker’s stock valued at $105,873,000 after buying an additional 2,385 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Apple by 2.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,902,270 shares of the iPhone maker’s stock valued at $321,921,000 after buying an additional 37,415 shares during the last quarter. Reik & CO. LLC raised its position in shares of Apple by 13.4% in the fourth quarter. Reik & CO. LLC now owns 5,411 shares of the iPhone maker’s stock valued at $916,000 after buying an additional 640 shares during the last quarter. Finally, Delphi Private Advisors LLC raised its position in shares of Apple by 8,292.9% in the fourth quarter. Delphi Private Advisors LLC now owns 1,175 shares of the iPhone maker’s stock valued at $199,000 after buying an additional 1,161 shares during the last quarter. Institutional investors own 58.62% of the company’s stock.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

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Analyst Recommendations for Apple (NASDAQ:AAPL)

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