Apple (NASDAQ:AAPL)‘s stock had its “buy” rating restated by Royal Bank of Canada in a research note issued on Friday. They presently have a $205.00 price target on the iPhone maker’s stock. Royal Bank of Canada’s price target points to a potential upside of 13.90% from the stock’s previous close.
AAPL has been the subject of several other research reports. Macquarie set a $188.00 price objective on Apple and gave the company a “buy” rating in a report on Friday, January 26th. ValuEngine upgraded Apple from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded Apple from a “hold” rating to a “buy” rating and set a $197.00 target price for the company in a research note on Thursday, January 18th. Barclays reduced their target price on Apple from $174.00 to $170.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $200.00 target price on shares of Apple in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $201.57.
Shares of Apple (AAPL) opened at $179.98 on Friday. Apple has a twelve month low of $138.62 and a twelve month high of $180.62. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $913,220.00, a price-to-earnings ratio of 17.61, a PEG ratio of 1.36 and a beta of 1.22.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the transaction, the insider now directly owns 13,739 shares of the company’s stock, valued at approximately $2,401,302.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.08% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAPL. YHB Investment Advisors Inc. raised its position in shares of Apple by 7.6% during the 2nd quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock valued at $19,614,000 after buying an additional 9,663 shares during the period. Jarislowsky Fraser Ltd increased its holdings in Apple by 22.4% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 22,515 shares of the iPhone maker’s stock valued at $3,470,000 after purchasing an additional 4,118 shares during the last quarter. Empirical Financial Services LLC increased its holdings in Apple by 23.9% in the 2nd quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock valued at $3,105,000 after purchasing an additional 4,154 shares during the last quarter. Carnick & Kubik Group LLC increased its holdings in Apple by 14.4% in the 2nd quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock valued at $2,987,000 after purchasing an additional 2,612 shares during the last quarter. Finally, GenTrust LLC increased its holdings in Apple by 1,022.9% in the 2nd quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock valued at $4,942,000 after purchasing an additional 31,259 shares during the last quarter. 60.41% 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.
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