Apple (AAPL) Given a $190.00 Price Target at UBS Group

Apple (NASDAQ:AAPL) has been assigned a $190.00 price target by equities research analysts at UBS Group in a research report issued on Friday. The brokerage currently has a “buy” rating on the iPhone maker’s stock. UBS Group’s price objective suggests a potential upside of 8.68% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Nomura set a $185.00 price target on shares of Apple and gave the stock a “buy” rating in a research report on Monday, September 25th. KeyCorp upgraded shares of Apple from a “sector weight” rating to an “overweight” rating and lifted their price objective for the company from $173.75 to $187.00 in a research note on Monday, October 16th. Royal Bank of Canada lifted their price objective on shares of Apple from $180.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, September 14th. Maxim Group reiterated a “buy” rating and issued a $182.00 price objective on shares of Apple in a research note on Friday, September 22nd. Finally, Sanford C. Bernstein restated a “buy” rating and set a $175.00 price target on shares of Apple in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $198.70.

Shares of Apple (NASDAQ AAPL) traded up $1.80 during trading on Friday, hitting $174.83. 9,220,000 shares of the company traded hands, compared to its average volume of 26,790,000. The company has a market cap of $897,630.00, a price-to-earnings ratio of 19.02, a PEG ratio of 1.41 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. Apple has a 12 month low of $115.81 and a 12 month high of $177.20.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. During the same period last year, the company earned $1.50 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. equities research analysts predict that Apple will post 11.18 EPS for the current year.

In related news, insider Eduardo H. Cue sold 65,361 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Johny Srouji sold 10,368 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $174.68, for a total value of $1,811,082.24. Following the completion of the transaction, the insider now directly owns 81,560 shares in the company, valued at $14,246,900.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,771 shares of company stock valued at $19,381,421. Corporate insiders own 0.08% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Investec Asset Management LTD increased its position in shares of Apple by 2.4% during the 1st quarter. Investec Asset Management LTD now owns 1,047,540 shares of the iPhone maker’s stock valued at $150,490,000 after purchasing an additional 24,241 shares during the last quarter. Columbia Asset Management grew its position in Apple by 1.1% in the 1st quarter. Columbia Asset Management now owns 94,234 shares of the iPhone maker’s stock valued at $13,537,000 after acquiring an additional 990 shares during the last quarter. Weiss Multi Strategy Advisers LLC grew its position in Apple by 98.7% in the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 88,150 shares of the iPhone maker’s stock valued at $12,664,000 after acquiring an additional 43,792 shares during the last quarter. Rockshelter Capital Management LLC lifted its holdings in shares of Apple by 0.4% in the 1st quarter. Rockshelter Capital Management LLC now owns 67,611 shares of the iPhone maker’s stock worth $9,713,000 after buying an additional 252 shares during the period. Finally, Two Sigma Securities LLC lifted its holdings in shares of Apple by 512.3% in the 1st quarter. Two Sigma Securities LLC now owns 38,731 shares of the iPhone maker’s stock worth $5,564,000 after buying an additional 32,406 shares during the period. 59.61% of the stock is currently owned by institutional investors and hedge funds.

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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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