Apple (NASDAQ:AAPL) had its price target hoisted by stock analysts at S&P Equity Research to $250.00 in a note issued to investors on Tuesday, The Fly reports. The firm presently has an “in-line” rating on the iPhone maker’s stock. S&P Equity Research’s price objective would indicate a potential upside of 13.09% from the company’s previous close. The analysts noted that the move was a valuation call.

Several other research analysts have also recently commented on AAPL. BidaskClub cut Apple from a “buy” rating to a “hold” rating in a research report on Wednesday, May 23rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $214.00 target price (up from $200.00) on shares of Apple in a research report on Thursday, May 24th. They noted that the move was a valuation call. Maxim Group cut Apple from a “buy” rating to a “hold” rating and reduced their target price for the stock from $204.00 to $200.00 in a research report on Wednesday, May 30th. UBS Group raised their target price on Apple from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, June 1st. Finally, Royal Bank of Canada raised their target price on Apple from $203.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 5th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirty-one have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $233.12.

AAPL opened at $221.07 on Tuesday. Apple has a 1-year low of $149.16 and a 1-year high of $229.67. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.31 and a quick ratio of 1.24. The company has a market capitalization of $1,100.25 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.97 and a beta of 1.33.

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

In other news, CEO Timothy D. Cook sold 265,160 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $217.79, for a total value of $57,749,196.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela J. Ahrendts sold 6,568 shares of the firm’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $188.81, for a total value of $1,240,104.08. Following the completion of the sale, the insider now owns 79,476 shares of the company’s stock, valued at $15,005,863.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 384,968 shares of company stock valued at $82,292,858. 0.08% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Summit Trail Advisors LLC increased its position in Apple by 17,669.4% in the first quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock worth $20,181,000 after purchasing an additional 20,067,124 shares during the period. Cornerstone Wealth Management LLC increased its position in Apple by 18,553.3% in the second quarter. Cornerstone Wealth Management LLC now owns 16,758,709 shares of the iPhone maker’s stock worth $89,526,000 after purchasing an additional 16,668,866 shares during the period. Russell Investments Group Ltd. bought a new position in Apple during the first quarter worth about $830,026,000. Private Advisor Group LLC boosted its holdings in Apple by 1,185.5% during the second quarter. Private Advisor Group LLC now owns 4,320,770 shares of the iPhone maker’s stock worth $800,386,000 after buying an additional 3,984,643 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Apple during the second quarter worth about $706,904,000. Institutional investors own 58.62% of the company’s stock.

About Apple

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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